MFRMLS Rules & Regulations

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:  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 except for those listed in subsections “S” through “V” of Section 7 below. 

1^st offense within one year:                           $50.00

2^nd offense within one year:                         $100.00

3^rd offense within one year:                          $250.00

4^th offense within one year:                          $500.00

5^th offense within one year:                         $500.00 and notification that a sixth offense within one year requires disciplinary hearing before the MFRMLS Board of Directors.

      6^th offense within one year:                       Board hearing panel will determine appropriate fines and disciplinary measures.

The progressive fine schedule is per agent per offense and any Rule violation below is counted as an offense.  The term “within one-year” is defined as violations occurring within the MFRMLS fiscal year of July 1-June 30. Fines are billed to the Participant.

Posted in Article 3 Rules and Regulations of the MFRMLS, Progressive Fine Schedule