A counteroffer in process from the Seller means the property is off the market until its conclusion, unless the counteroffer in its terms provides otherwise. Notwithstanding these provisions, a seller and his/her agent may seek and accept backup offers specifically denominated as such. A counter offer in process from the Buyer does not mean a property is off the market. Listing Agency shall not submit counter offer at a value above current list price. (Penalty Classification “A”)