Last year, the Arizona REALTORS® released to the multiple listing services (MLSs) in Arizona standardized residential listing agreements for each of the MLSs to use if they so choose.  Following the release of the residential listing agreements, a request was submitted to the Arizona REALTORS® Risk Management Committee for the Arizona REALTORS® to additionally draft Vacant Land/Lot Listing Agreements for release to the MLSs for their consideration.

As a result of that request, by way of a Workgroup chaired by Beth Adams[1], the Arizona REALTORS^® drafted the following NEW forms: (1) Vacant Land/Lot Listing Contract Exclusive Right to Sell/Lease; and (2) Vacant Land/Lot Listing Contract Exclusive Agency (collectively “Listing Agreements).

The Listing Agreements will be provided to each MLS on February 1, 2022.  Like the residential listing agreements, the MLSs use of the forms is not mandatory, meaning each MLS can decide for itself if and when to adopt the forms. Please, therefore, contact your MLS to confirm whether it has elected to adopt the new forms.  

[1] Beth Adams would like to thank the valuable contributions made by the following members of the Workgroup: Jan Leighton, Lori Doerfler, Lisa Paffrath, Clark Jones, Bill Johnson, Rick Sack, Andrew Castillo, Paul Kriewall, Dan Arnold, Travis Bard, and Elise Harron.  The Workgroup was assisted by Arizona REALTORS® staff members Nikki Salgat, Jan Steward, and Jamilla Brandt.