Article 3.6: Penalties for Inaccurate or Incomplete Data
Penalties for Inaccurate or Incomplete Data: The intent of these Rules and Regulations is to allow Participants to provide the buying and selling public the best possible service and to facilitate cooperation between Participants. The listing office will be notified in writing or by electronic means if there is a violation of the Rules and Regulations.
A. Courtesy Warning Notice. The Service will automatically issue a courtesy warning notification prior to any fines being issued. However, if the violation has not been corrected within one business day (excluding weekends and holidays) after notification, the Participant shall be automatically assessed a fine.
B. Progressive Fine Schedule. The following progressive fine schedule has been established by the Board of Directors and applies to all violations in Section 7, subsections “A” through “T” below. Violations in subsections “U” through ”Z” incur automatic fines.
1st offense within two year period: $ 50
2nd offense within two year period: $100
3rd offense within two year period: $250 and notification that a fourth offense will require a disciplinary hearing before a Board hearing panel.
4th offense within two year period: $500 minimum fine and other discipline as determined by a Board hearing panel.
The progressive fine schedule is per-agent per-offense and any Rule violation in Section 7 is counted as an offense. The term “within a two-year period” is defined as occurring within any two consecutive MFRMLS fiscal years (July 1-June 30). Fines are billed to the Participant.
