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Company Membership Application Form

Only the office’s Broker-in-Charge can complete this form and MUST be a REALTOR® Member.

The enclosed form is for your company's application to participate in the Outer Banks Association of REALTORS® Multiple Listing Service. Upon completion, your firm will be invoiced for the total fees due as outlined in your MLS Membership Agreement. These fees are non-refundable. 

Please be advised that by joining our Multiple Listing Service, every licensee in your office is required to participate and pay the access fee unless a Waiver is approved by the MLS Committee and/or Board of Directors. The current monthly charge for OBAR members is $50.00 per month and $75 per month for non-member licensees. One Sentrilock Smart Card and one Sentrilock Lock Box will be provided per active/under-contract improved listing. 

At the time of joining, you will be provided access to the MLS Rules and Regulations and the MLS Data Input forms. Please be advised that these rules are amended from time to time, and it is your responsibility to remain current on requirements for Participants and Users of the MLS. 

Fields marked with an * are required.

Please verify that you have checked the “I'm not a robot” checkbox.

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Company Information
Please enter the required information about your company.

Address * City * State * Zip *

Mailing Address * City * State * Zip *

Please enter the phone number in the format: (252) 555-5555.

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Listings of Those Associated with the Firm
Please enter the required information about those associated with your firm.

Please provide a complete list of the agents (first and last name) currently holding their licenses with you. If you need to add or remove an agent from your record, please use the Add/Drop Form available here. For any new members, please ensure that they have completed the New Member Form. New members cannot be added to your office until they have completed the application and its requirements. 

To add an agent to your list, click the Add Row button. To remove an agent from your list, click the Del button.

Agent *

Please provide a complete list of agents currently holding their licenses with your firm who will not be engaging in listing or selling activities. An MLS Waiver is required for each of these licensees, and the form must be completed each year by January 1st. The waiver form is available here.

To add an individual to your list, click the Add Row button. To remove them from your list, click the Del button. 

Non-Sellers *

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Membership Agreement
Please read and review the information carefully before proceeding.

I, the Designated REALTOR® for the firm listed in this form, possess a North Carolina Real Estate Designated REALTOR® License and hereby make an application for membership in the Outer Banks Association of REALTORS®, Inc. Multiple Listing Service. 

I agree to abide by all rules effective at the time of membership acceptance and any rules made by the Board of Directors regarding the Multiple Listing Service. 

I further agree to pay an initiation fee of $775.00 and an additional $425.00 for the software lease fee. These are one-time fees and are non-refundable. I further agree to promptly pay all fees assessed to me as a member of the MLS. 

I agree to hold the Outer Banks Association MLS Committee harmless for any damages I suffered through the use of the Multiple Listing Service, except in the case of gross negligence on the part of the MLS Board or its employee(s). 

I agree that if the Designated REALTOR® and/or Designated MLS Representative is changed or resigns from the firm, a new representative will be appointed within 15 days, and the updated information will be submitted to the Outer Banks Association of REALTORS®, Inc. If the Board is not notified of the new representative, the member firm will be placed on suspension from MLS for up to 45 days or until proper notification is provided. The firm's MLS membership will be terminated if the Board does not receive notification during the 45-day suspension period.

I agree that if the firm is sold, a copy of the contract of sale, including the designation of whether the MLS membership will transfer or not, will be provided to the Outer Banks Association of REALTORS®, Inc. If the firm is dissolved, the MLS membership will terminate upon dissolution, and a copy of the dissolution will be submitted to the MLS service. If the principals of the firm decide to establish a new firm or firms, the original firm will retain the MLS membership rights. Please note that MLS membership is not transferable from one entity to another, except in the case of a name change to a sole proprietorship.

I agree to pay for MLS compilations for the recipients listed in this agreement. I will promptly notify the Association office of any additions or removals from the roster and will provide waiver forms for personal assistants, referral agents, and licensees involved in property management or office administration.

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Sentrilock Agreement
Please read and review the information carefully before proceeding.

The firm’s Designated REALTOR® is assessed annually for each salesperson employed by or affiliated with the firm who does not become a REALTOR®. Such salespersons have no membership standing, receive no membership benefits, and may not use the term REALTOR®. 

1. LEASE AGREEMENT

  1. OBAR hereby Leases to SENTRILOCK CARD USER one SENTRILOCK CARD / SENTRIKEY APP. In addition, OBAR hereby grants to SENTRILOCK CARD USER (i) a non-exclusive right to use the computer system provided with, and necessary for, the operation of the SENTRILOCK KEYCARD and (ii) a sub-license to use the software which OBAR is granted to use pursuant to a license grant by Sentrilock, LLC, all of these items under this section 1(a) hereinafter jointly and severally referred to as “the Service.”
  2. The Term of this Lease shall begin on the date of this Lease and continue indefinitely, unless sooner terminated in accordance with the Terms of this Lease.
  3. This Lease is expressly subject to the terms of the Agreement between OBAR and Sentrilock, LLC which are deemed incorporated herein.

2. TITLE AND USE

The Service, including all its components, is and shall at all times remain the property of OBAR, except that the Software is and shall remain the property of SENTRILOCK, subject to a non-exclusive license granted to OBAR and non-exclusive sub-licenses allowed by SENTRILOCK to THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER.  THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER warrants and represents that he/she shall use the Service only for business or commercial purposes and only pursuant to the obligations, provisions and conditions of the OBAR Multiple Listing Service, hereinafter “MLS.”

3. PAYMENTS

  1. During the Term of this Lease, THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER shall pay to OBAR the yearly Affiliate SENTRICARD lease Fee.
  2. The amount of the yearly THIS SENTRILOCK KEYCARD / SENTRIKEY APP lease fee is subject to adjustment as determined by the Board of Directors.

4. RISK OF LOSS; INSPECTION AND RETURN OF EQUIPMENT

  1. THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER assumes all risk of loss, damage, or destruction to the SENTRILOCK CARD from the date of delivery until the date the SENTRILOCK CARD is returned to OBAR. SENTRILOCK CARD USER shall promptly notify OBAR if any such loss or damage occurs. No loss, damage or destruction to the SENTRILKOCK CARD or any component of the Service shall relieve SENTRILOCK CARD USER of any obligation under this Lease.
  2.   OBAR or its agents or representatives shall have the right, upon reasonable notice to the SENTRILOCK CARD USER, to inspect the SENTRILOCK CARD at the office of the SENTRILOCK CARD USER or wherever the SENTRILOCK CARD may be located.
  3.   Upon Termination of the Lease, the SENTRILOCK CARD USER at his/her expense, shall immediately return to OBAR, the SENTRILOCK CARD.

5.  ASSIGNMENT OR SUBLEASE BY SENTRILOCK CARD USERS

  1. SENTRILOCK CARD USER shall not assign this Lease or sublease the Service.
  2. SENTRILOCK CARD USER shall not mortgage or otherwise encumber the Service or any part thereof, or permit any lien to attach or exist on any Equipment or other part of the Service.

6. TRANSFER OF SERVICE

SENTRILOCK CARD USER, when transferring their employment or independent contractor status from one MLS Participant, as defined in Bylaws of the OBAR, to another, may retain all SENTRILOCK Cards and Smart Card issued by OBAR, pursuant to the terms of this Lease.

7. REPRESENTATIONS AND WARRANTIES OF SENTRILOCK CARD USER SENTRIKEY APP USER

  1.   THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER (a) either (i) holds a valid real estate broker license, or is an independent contractor affiliated with a Broker and holds a valid real estate agent license, (b) is a member in good standing in OBAR; and (c) is not in default under this Lease.
  2. THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER has the authority and legal right to enter into and perform this Lease, and this Lease has been duly executed and delivered by the THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER and constitutes the legal, valid and binding obligation of SENTRILOCK CARD HOLDER, enforceable against THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER in accordance with the Terms of this lease.

8. RIGHTS AND REMEDIES

OBAR reserves the right to recall SENTRILOCK CARDs for, among other reasons, SENTRILOCK CARDs deemed excess (e.g. SENTRILOCK CARD HOLDER has more SENTRILOCK CARDs than one (1) for each improved property which is under a written listing agreement where the SENTRILOCK CARD USER is the listing agent.  Failure to return boxes, if requested by OBAR, within the time frame specified may result in a fine or other action as specified under MLS Rules and Regulations.

9. ARBITRATION; LITIGATION

Any controversy or claim arising out of or relating to this Lease shall be determined and decided by arbitration. SENTRILOCK CARD USER hereby consents to arbitration in accordance with the arbitrations rules of the Code of Ethics and Arbitration Manual published by the National Association of REALTORS®.

10. TERMINATION OF THE SERVICE

This Service is included as a portion of MLS membership.  This Service shall be deemed terminated when membership in MLS is terminated by the Participant (Broker-In-Charge).  Upon termination of this Lease for any reason, the SENTRILOCK CARD USER shall immediately return all portions of the system in SENTRILOCK CARD USER’S possession to OBAR.

11. AUTHORIZATION

THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER hereby certifies that should THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER also have a lease for a SENTRILOCK BOX, then THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER shall not install a SENTRILOCK BOX on any real property unless SENTRILOCK KEYCARD / SENTRIKEY APP  shall obtain written authorization from the property owner pursuant to Paragraph 10, “Seller Authorizes and Directs Agent,” Exclusive Right to Sell Listing Agreement (Standard Form 101), or any subsequent similar paragraph in a Standard Form Listing Agreement.

12. PARTIES

This Agreement shall be binding upon and shall enure to benefit of the parties and their heirs, successors and assigns.  As used herein, words in the singular include the plural and the masculine includes the feminine and neuter genders, as appropriate.

13. ENTIRE AGREEMENT

This contract contains the entire Agreement of the parties and there are no representations, inducements or other provisions other than those expressed in writing.  OBAR shall provide the Service without warranty, express or implied, including, but not limited to, warranty of title, merchantability, or fitness for a particular purpose or use.  All changes, additions or deletions hereto must be in writing and signed by all parties

IN WITNESS WHEREOF, OBAR and SENTRILOCK KEYCARD / SENTRIKEY APP USER have caused this Lease to be duly executed as of the date of form submittal.

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MLS Participation Agreement
Please read and review the information carefully before proceeding.

I agree as a condition of participation in the MLS to abide by all relevant Bylaws, Rules and other obligations of participation including payment of fees. I further agree to be bound by the Code of Ethics on the same terms and conditions as Association members including the obligation to submit to ethics hearings and the duty to arbitrate contractual disputes with other REALTORS® in accordance with the established procedures of the Association. I understand that a violation of the Code of Ethics may result in termination of my MLS privileges and that I may be assessed an administrative processing fee which may be in addition to any discipline, including fines, that may be imposed.

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MLS Waiver for Non-Participants
Please enter the required information about those associated with your firm.

The MLS Rules and Regulations require that a subscription fee be paid for each licensed individual who is employed by or affiliated with a participating company and who has access to the MLS. A waiver of access is available for Licensees, Brokers, and Appraisers who are affiliated with a Participant but who subscribe to a multiple listing service other than the Outer Banks Association of REALTORS® MLS and who do not access the OBAR MLS in any way. For other options regarding MLS waivers or reduced fees, please use OBAR Form MLS Waiver of Access / Request for Reduced Fees.

I certify that the Waiver Applicant(s) named below meet the waiver criteria above. 

• I agree to provide verification of Waiver Applicant(s) subscription to another MLS upon request. 

• I understand that I will need to supply an additional signed application form for any future Waiver Applicant(s). 

• I agree to notify the MLS within 3 business days if any waiver recipient becomes ineligible for a waiver. Simultaneously with such notice to the MLS, I will either (i) sever the agent from this office, or (ii) inform the agent that he/she must subscribe to the MLS within 3 business days of the notification. Such affirmative notice, and the subsequent completion of (i) or (ii) above, shall not constitute a breach of this agreement and shall not incur the penalties described below. 

• I understand that any violation will result in automatic revocation of the waiver from the individual recipient, and I will be liable for an additional $500 fine  

Applicant Name * License Number * Subscribing MLS *

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MLS Only - Membership Agreement Signature
Please read and review the information carefully before proceeding.

I, the Designated REALTOR® for the firm listed in this form, possess a North Carolina Real Estate Designated REALTOR® License and hereby make an application for membership in the Outer Banks Association of REALTORS®, Inc. Multiple Listing Service. 

I agree to abide by all rules effective at the time of membership acceptance and any rules made by the Board of Directors regarding the Multiple Listing Service. 

I further agree to pay an initiation fee of $775.00 and an additional $425.00 for the software lease fee. These are one-time fees and are non-refundable. I further agree to promptly pay all fees assessed to me as a member of the MLS. 

I agree to hold the Outer Banks Association MLS Committee harmless for any damages I suffered through the use of the Multiple Listing Service, except in the case of gross negligence on the part of the MLS Board or its employee(s). 

I agree that if the Designated REALTOR® and/or Designated MLS Representative is changed or resigns from the firm, a new representative will be appointed within 15 days, and the updated information will be submitted to the Outer Banks Association of REALTORS®, Inc. If the Board is not notified of the new representative, the member firm will be placed on suspension from MLS for up to 45 days or until proper notification is provided. The firm's MLS membership will be terminated if the Board does not receive notification during the 45-day suspension period.

I agree that if the firm is sold, a copy of the contract of sale, including the designation of whether the MLS membership will transfer or not, will be provided to the Outer Banks Association of REALTORS®, Inc. If the firm is dissolved, the MLS membership will terminate upon dissolution, and a copy of the dissolution will be submitted to the MLS service. If the principals of the firm decide to establish a new firm or firms, the original firm will retain the MLS membership rights. Please note that MLS membership is not transferable from one entity to another, except in the case of a name change to a sole proprietorship.

I agree to pay for MLS compilations for the recipients listed in this agreement. I will promptly notify the Association office of any additions or removals from the roster and will provide waiver forms for personal assistants, referral agents, and licensees involved in property management or office administration.

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Sentrilock Agreement
Please read and review the information carefully before proceeding.

The firm’s Designated REALTOR® is assessed annually for each salesperson employed by or affiliated with the firm who does not become a REALTOR®. Such salespersons have no membership standing, receive no membership benefits, and may not use the term REALTOR®. 

1. LEASE AGREEMENT

  1. OBAR hereby Leases to SENTRILOCK CARD USER one SENTRILOCK CARD / SENTRIKEY APP. In addition, OBAR hereby grants to SENTRILOCK CARD USER (i) a non-exclusive right to use the computer system provided with, and necessary for, the operation of the SENTRILOCK KEYCARD and (ii) a sub-license to use the software which OBAR is granted to use pursuant to a license grant by Sentrilock, LLC, all of these items under this section 1(a) hereinafter jointly and severally referred to as “the Service.”
  2. The Term of this Lease shall begin on the date of this Lease and continue indefinitely, unless sooner terminated in accordance with the Terms of this Lease.
  3. This Lease is expressly subject to the terms of the Agreement between OBAR and Sentrilock, LLC which are deemed incorporated herein.

2. TITLE AND USE

The Service, including all its components, is and shall at all times remain the property of OBAR, except that the Software is and shall remain the property of SENTRILOCK, subject to a non-exclusive license granted to OBAR and non-exclusive sub-licenses allowed by SENTRILOCK to THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER.  THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER warrants and represents that he/she shall use the Service only for business or commercial purposes and only pursuant to the obligations, provisions and conditions of the OBAR Multiple Listing Service, hereinafter “MLS.”

3. PAYMENTS

  1. During the Term of this Lease, THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER shall pay to OBAR the yearly Affiliate SENTRICARD lease Fee.
  2. The amount of the yearly THIS SENTRILOCK KEYCARD / SENTRIKEY APP lease fee is subject to adjustment as determined by the Board of Directors.

4. RISK OF LOSS; INSPECTION AND RETURN OF EQUIPMENT

  1. THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER assumes all risk of loss, damage, or destruction to the SENTRILOCK CARD from the date of delivery until the date the SENTRILOCK CARD is returned to OBAR. SENTRILOCK CARD USER shall promptly notify OBAR if any such loss or damage occurs. No loss, damage or destruction to the SENTRILKOCK CARD or any component of the Service shall relieve SENTRILOCK CARD USER of any obligation under this Lease.
  2.   OBAR or its agents or representatives shall have the right, upon reasonable notice to the SENTRILOCK CARD USER, to inspect the SENTRILOCK CARD at the office of the SENTRILOCK CARD USER or wherever the SENTRILOCK CARD may be located.
  3.   Upon Termination of the Lease, the SENTRILOCK CARD USER at his/her expense, shall immediately return to OBAR, the SENTRILOCK CARD.

5.  ASSIGNMENT OR SUBLEASE BY SENTRILOCK CARD USERS

  1. SENTRILOCK CARD USER shall not assign this Lease or sublease the Service.
  2. SENTRILOCK CARD USER shall not mortgage or otherwise encumber the Service or any part thereof, or permit any lien to attach or exist on any Equipment or other part of the Service.

6. TRANSFER OF SERVICE

SENTRILOCK CARD USER, when transferring their employment or independent contractor status from one MLS Participant, as defined in Bylaws of the OBAR, to another, may retain all SENTRILOCK Cards and Smart Card issued by OBAR, pursuant to the terms of this Lease.

7. REPRESENTATIONS AND WARRANTIES OF SENTRILOCK CARD USER SENTRIKEY APP USER

  1.   THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER (a) either (i) holds a valid real estate broker license, or is an independent contractor affiliated with a Broker and holds a valid real estate agent license, (b) is a member in good standing in OBAR; and (c) is not in default under this Lease.
  2. THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER has the authority and legal right to enter into and perform this Lease, and this Lease has been duly executed and delivered by the THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER and constitutes the legal, valid and binding obligation of SENTRILOCK CARD HOLDER, enforceable against THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER in accordance with the Terms of this lease.

8. RIGHTS AND REMEDIES

OBAR reserves the right to recall SENTRILOCK CARDs for, among other reasons, SENTRILOCK CARDs deemed excess (e.g. SENTRILOCK CARD HOLDER has more SENTRILOCK CARDs than one (1) for each improved property which is under a written listing agreement where the SENTRILOCK CARD USER is the listing agent.  Failure to return boxes, if requested by OBAR, within the time frame specified may result in a fine or other action as specified under MLS Rules and Regulations.

9. ARBITRATION; LITIGATION

Any controversy or claim arising out of or relating to this Lease shall be determined and decided by arbitration. SENTRILOCK CARD USER hereby consents to arbitration in accordance with the arbitrations rules of the Code of Ethics and Arbitration Manual published by the National Association of REALTORS®.

10. TERMINATION OF THE SERVICE

This Service is included as a portion of MLS membership.  This Service shall be deemed terminated when membership in MLS is terminated by the Participant (Broker-In-Charge).  Upon termination of this Lease for any reason, the SENTRILOCK CARD USER shall immediately return all portions of the system in SENTRILOCK CARD USER’S possession to OBAR.

11. AUTHORIZATION

THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER hereby certifies that should THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER also have a lease for a SENTRILOCK BOX, then THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER shall not install a SENTRILOCK BOX on any real property unless SENTRILOCK KEYCARD / SENTRIKEY APP  shall obtain written authorization from the property owner pursuant to Paragraph 10, “Seller Authorizes and Directs Agent,” Exclusive Right to Sell Listing Agreement (Standard Form 101), or any subsequent similar paragraph in a Standard Form Listing Agreement.

12. PARTIES

This Agreement shall be binding upon and shall enure to benefit of the parties and their heirs, successors and assigns.  As used herein, words in the singular include the plural and the masculine includes the feminine and neuter genders, as appropriate.

13. ENTIRE AGREEMENT

This contract contains the entire Agreement of the parties and there are no representations, inducements or other provisions other than those expressed in writing.  OBAR shall provide the Service without warranty, express or implied, including, but not limited to, warranty of title, merchantability, or fitness for a particular purpose or use.  All changes, additions or deletions hereto must be in writing and signed by all parties

IN WITNESS WHEREOF, OBAR and SENTRILOCK KEYCARD / SENTRIKEY APP USER have caused this Lease to be duly executed as of the date of form submittal.

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Branch Firm Licensees
Please enter the required information about those associated with your firm.

Please provide a complete list of the agents (first and last name) currently holding their licenses with you. If you need to add or remove an agent from your record, please use the Add/Drop Form available here. For any new members, please ensure that they have completed the New Member Form. New members cannot be added to your office until they have completed the application and its requirements. 

To add an agent to your list, click the Add Row button. To remove an agent from your list, click the Del button.

Agents *

Please provide a complete list of agents currently holding their licenses with your firm who will not be engaging in listing or selling activities. An MLS Waiver is required for each of these licensees, and the form must be completed each year by January 1st. The waiver form is available here.

To add an individual to your list, click the Add Row button. To remove them from your list, click the Del button.

Non-Sellers *

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Branching Firm Membership Agreement Signature
Please read and review the information carefully before proceeding.

I, the Designated REALTOR® for the firm listed in this form, possess a North Carolina Real Estate Designated REALTOR® License and hereby make an application for membership in the Outer Banks Association of REALTORS®, Inc. Multiple Listing Service. 

I agree to abide by all rules effective at the time of membership acceptance and any rules made by the Board of Directors regarding the Multiple Listing Service. 

I further agree to pay an initiation fee of $425.00 for the software lease fee. These are one-time fees and are non-refundable. I further agree to promptly pay all fees assessed to me as a member of the MLS. 

I agree to hold the Outer Banks Association MLS Committee harmless for any damages I suffered through the use of the Multiple Listing Service, except in the case of gross negligence on the part of the MLS Board or its employee(s). 

I agree that if the Designated REALTOR® and/or Designated MLS Representative is changed or resigns from the firm, a new representative will be appointed within 15 days, and the updated information will be submitted to the Outer Banks Association of REALTORS®, Inc. If the Board is not notified of the new representative, the member firm will be placed on suspension from MLS for up to 45 days or until proper notification is provided. The firm's MLS membership will be terminated if the Board does not receive notification during the 45-day suspension period.

I agree that if the firm is sold, a copy of the contract of sale, including the designation of whether the MLS membership will transfer or not, will be provided to the Outer Banks Association of REALTORS®, Inc. If the firm is dissolved, the MLS membership will terminate upon dissolution, and a copy of the dissolution will be submitted to the MLS service. If the principals of the firm decide to establish a new firm or firms, the original firm will retain the MLS membership rights. Please note that MLS membership is not transferable from one entity to another, except in the case of a name change to a sole proprietorship.

I agree to pay for MLS compilations for the recipients listed in this agreement. I will promptly notify the Association office of any additions or removals from the roster and will provide waiver forms for personal assistants, referral agents, and licensees involved in property management or office administration.

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Branching Firm Sentrilock Agreement
Please read and review the information carefully before proceeding.

The firm’s Designated REALTOR® is assessed annually for each salesperson employed by or affiliated with the firm who does not become a REALTOR®. Such salespersons have no membership standing, receive no membership benefits, and may not use the term REALTOR®. 

1. LEASE AGREEMENT

  1. OBAR hereby Leases to SENTRILOCK CARD USER one SENTRILOCK CARD / SENTRIKEY APP. In addition, OBAR hereby grants to SENTRILOCK CARD USER (i) a non-exclusive right to use the computer system provided with, and necessary for, the operation of the SENTRILOCK KEYCARD and (ii) a sub-license to use the software which OBAR is granted to use pursuant to a license grant by Sentrilock, LLC, all of these items under this section 1(a) hereinafter jointly and severally referred to as “the Service.”
  2. The Term of this Lease shall begin on the date of this Lease and continue indefinitely, unless sooner terminated in accordance with the Terms of this Lease.
  3. This Lease is expressly subject to the terms of the Agreement between OBAR and Sentrilock, LLC which are deemed incorporated herein.

2. TITLE AND USE

The Service, including all its components, is and shall at all times remain the property of OBAR, except that the Software is and shall remain the property of SENTRILOCK, subject to a non-exclusive license granted to OBAR and non-exclusive sub-licenses allowed by SENTRILOCK to THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER.  THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER warrants and represents that he/she shall use the Service only for business or commercial purposes and only pursuant to the obligations, provisions and conditions of the OBAR Multiple Listing Service, hereinafter “MLS.”

3. PAYMENTS

  1. During the Term of this Lease, THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER shall pay to OBAR the yearly Affiliate SENTRICARD lease Fee.
  2. The amount of the yearly THIS SENTRILOCK KEYCARD / SENTRIKEY APP lease fee is subject to adjustment as determined by the Board of Directors.

4. RISK OF LOSS; INSPECTION AND RETURN OF EQUIPMENT

  1. THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER assumes all risk of loss, damage, or destruction to the SENTRILOCK CARD from the date of delivery until the date the SENTRILOCK CARD is returned to OBAR. SENTRILOCK CARD USER shall promptly notify OBAR if any such loss or damage occurs. No loss, damage or destruction to the SENTRILKOCK CARD or any component of the Service shall relieve SENTRILOCK CARD USER of any obligation under this Lease.
  2.   OBAR or its agents or representatives shall have the right, upon reasonable notice to the SENTRILOCK CARD USER, to inspect the SENTRILOCK CARD at the office of the SENTRILOCK CARD USER or wherever the SENTRILOCK CARD may be located.
  3.   Upon Termination of the Lease, the SENTRILOCK CARD USER at his/her expense, shall immediately return to OBAR, the SENTRILOCK CARD.

5.  ASSIGNMENT OR SUBLEASE BY SENTRILOCK CARD USERS

  1. SENTRILOCK CARD USER shall not assign this Lease or sublease the Service.
  2. SENTRILOCK CARD USER shall not mortgage or otherwise encumber the Service or any part thereof, or permit any lien to attach or exist on any Equipment or other part of the Service.

6. TRANSFER OF SERVICE

SENTRILOCK CARD USER, when transferring their employment or independent contractor status from one MLS Participant, as defined in Bylaws of the OBAR, to another, may retain all SENTRILOCK Cards and Smart Card issued by OBAR, pursuant to the terms of this Lease.

7. REPRESENTATIONS AND WARRANTIES OF SENTRILOCK CARD USER SENTRIKEY APP USER

  1.   THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER (a) either (i) holds a valid real estate broker license, or is an independent contractor affiliated with a Broker and holds a valid real estate agent license, (b) is a member in good standing in OBAR; and (c) is not in default under this Lease.
  2. THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER has the authority and legal right to enter into and perform this Lease, and this Lease has been duly executed and delivered by the THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER and constitutes the legal, valid and binding obligation of SENTRILOCK CARD HOLDER, enforceable against THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER in accordance with the Terms of this lease.

8. RIGHTS AND REMEDIES

OBAR reserves the right to recall SENTRILOCK CARDs for, among other reasons, SENTRILOCK CARDs deemed excess (e.g. SENTRILOCK CARD HOLDER has more SENTRILOCK CARDs than one (1) for each improved property which is under a written listing agreement where the SENTRILOCK CARD USER is the listing agent.  Failure to return boxes, if requested by OBAR, within the time frame specified may result in a fine or other action as specified under MLS Rules and Regulations.

9. ARBITRATION; LITIGATION

Any controversy or claim arising out of or relating to this Lease shall be determined and decided by arbitration. SENTRILOCK CARD USER hereby consents to arbitration in accordance with the arbitrations rules of the Code of Ethics and Arbitration Manual published by the National Association of REALTORS®.

10. TERMINATION OF THE SERVICE

This Service is included as a portion of MLS membership.  This Service shall be deemed terminated when membership in MLS is terminated by the Participant (Broker-In-Charge).  Upon termination of this Lease for any reason, the SENTRILOCK CARD USER shall immediately return all portions of the system in SENTRILOCK CARD USER’S possession to OBAR.

11. AUTHORIZATION

THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER hereby certifies that should THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER also have a lease for a SENTRILOCK BOX, then THIS SENTRILOCK KEYCARD / SENTRIKEY APP USER shall not install a SENTRILOCK BOX on any real property unless SENTRILOCK KEYCARD / SENTRIKEY APP  shall obtain written authorization from the property owner pursuant to Paragraph 10, “Seller Authorizes and Directs Agent,” Exclusive Right to Sell Listing Agreement (Standard Form 101), or any subsequent similar paragraph in a Standard Form Listing Agreement.

12. PARTIES

This Agreement shall be binding upon and shall enure to benefit of the parties and their heirs, successors and assigns.  As used herein, words in the singular include the plural and the masculine includes the feminine and neuter genders, as appropriate.

13. ENTIRE AGREEMENT

This contract contains the entire Agreement of the parties and there are no representations, inducements or other provisions other than those expressed in writing.  OBAR shall provide the Service without warranty, express or implied, including, but not limited to, warranty of title, merchantability, or fitness for a particular purpose or use.  All changes, additions or deletions hereto must be in writing and signed by all parties

IN WITNESS WHEREOF, OBAR and SENTRILOCK KEYCARD / SENTRIKEY APP USER have caused this Lease to be duly executed as of the date of form submittal.

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