Article 3.6: Penalties for Inaccurate or Incomplete Data
Posted by MFRMLS Fri, 02 Jun 2006 19:34:00 GMT
Penalties for Inaccurate or Incomplete Data: These Rules and Regulations are set up to give 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. Beginning December 1, 2007, MLS administration will automatically issue a 24-hr warning notification prior to any fines being issues. If the listing errors haven’t been corrected within the 24 hr warning period excluding weekends and holidays, the Participant shall be assessed a fine for each violation below. The following progressive fine schedule has been established by the Board of Directors and applies to all violations except for S-V.
| 1st time offense within one year: | $50.00 |
| 2nd time offense within one year: | $100.00 |
| 3rd time offense within one year: | $250.00 |
| 4th time offense within one year: | $500.00 |
| 5th time offense within one year: | $500.00 and notification that a sixth offense within one year requires disciplinary hearing before the MFRMLS board of directors. |
| 6th time offense within one year: | MFR hearing panel will appropriate fines and disciplinary measures. |
The progressive fine schedule is per agent per offense and any rule violation below is considered to count as an offense. Fines will be billed to the Participant. A one-year term is defined as the MFRMLS fiscal year which is July 1-June 30.
back to top
