LISTINGS SUBJECT TO AUCTION: 
Beginning September 1, 2009 the MLS will be implementing a new status “Auction” (AU).  If the property is subject to auction the MLS will accept the following types of Auction Listings: (1) absolute and (2) reserve. All auction listings must be subject to a valid listing agreement; show a list price; offer unconditional cooperative compensation as set forth in the MLS Rules and Regulations and these policies; and provide for agency pursuant to Nevada law during the time the listing appears on the MLS. 

If the property is subject to auction the listing must be placed in “AU” Status and all required fields must be completed.