RLS Broker definition

RLS Broker means a licensed real estate broker, associate real estate broker, real estate salesperson (as those terms are defined in New York Real Property Law § 440) associated with any firm who (a) is a member of the RBD, or (b) has an office and/or listings in New York City, or is a firm that actively endeavors during the operation of its real estate brokerage business to list residential property of the type listed on the RLS and/or to accept offers of cooperation and compensation made by Exclusive Brokers in the RLS. For purposes of this definition, “actively” means on a continual and on-going basis during the operation of the RLS Broker’s real estate brokerage business.
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Examples of RLS Broker in a sentence

  • Participants operating their own Participant VOW, or utilizing the services or product of an AVP customized specifically for that Participant shall make the Participant VOW readily accessible for a Compliance Review prior to the commencement of operations in the RLS, and will be subject to additional Compliance Review(s) only after a formal complaint has been lodged with REBNY against that Participant by another RLS Broker.

  • An AVP operating a customized VOW specifically for a Participant or providing an “off-the-shelf” product which has not been previously reviewed by REBNY shall make the Participant VOW or “off-the-shelf” product, as applicable, readily accessible for a Compliance Review prior to the commencement of operations in the RLS, and will be subject to additional Compliance Review(s) only after a formal complaint has been lodged with REBNY against the Participant and/or AVP by another RLS Broker.

  • Notwithstanding the prohibition against modification of the RLS Listing Information, in the event AVP makes any such modification, then any modifications to the RLS Listing Information, shall be the sole property of each respective RLS Broker that originally supplied the RLS Listing Information.

  • AVP further acknowledges and agrees that all right, title, and interest in and to the RLS Listing Information, together with all modifications, enhancements, and derivative works of the RLS Listing Information, including all copyright rights, are and shall remain with each respective RLS Broker who supplied the RLS Listing Information to the RLS.