Article 3.1: Distribution of Data
Posted by MFRMLS Fri, 02 Jun 2006 19:21:00 GMT
Distribution of Data: MFRMLS will distribute listing data to Participants and keep statistics of listings, sales, price changes and other listing data
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Table of Contents - Click here to hide
- Article 3.1: Distribution of Data
- Article 3.2: Listing Photos
- Article 3.3: Non-Participant Listings
- Article 3.4: All Listings Subject To Rules and Regulations of MFRMLS
- Article 3.5: Supporting Documentation
- Article 3.6: Penalties for Inaccurate or Incomplete Data
- Article 3.7-A: Tax Id
- Article 3.7-B: Remarks
- Article 3.7-C: Virtual Tours/Photo Sections
- Article 3.7-D: Map
- Article 3.7-E: Photos Required
- Article 3.7-F: Prohibitions
- Article 3.7-G: Calling/Access Codes
- Article 3.7-H: Accurate/complete listing data
- Article 3.7-I: Driving Directions
- Article 3.7-J: Retirement, 55+ or 62+ Communities
- Article 3.7-K: Status Changes
- Article 3.7-L: Late Listing
- Article 3.7-M: Failure to respond
- Article 3.7-N: Type of Listing/Special Listing Type
- Article 3.7-O: Solds/Non-Members
- Article 3.7-P: Listing Abuse
- Article 3.7-Q: Range Priced Listings
- Article 3.7-R: Short Sale Disclosure
- Article 3.7-S: Incorrect/Incomplete
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Article 3.2: Listing Photos
Posted by MFRMLS Fri, 02 Jun 2006 19:23:00 GMT
Listing Photos: At least one front exterior photo or rendering must be loaded before a listing will be active. The front exterior photo or rendering must be entered in the 1st slot in MLXchange on all property types except for vacant land. Photos or renderings of vacant land may be taken and uploaded by the broker. Front exterior photos must show a majority of the total home/building and the broker’s yard signage may not be featured in the foreground.
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Article 3.3: Non-Participant Listings
Posted by MFRMLS Fri, 02 Jun 2006 19:25:00 GMT
Non-Participant Listings: Participants may enter information into the system solely for the Participants and Users and may not input listings for non-participants.
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Article 3.4: All Listings Subject To Rules and Regulations of MFRMLS
Posted by MFRMLS Fri, 02 Jun 2006 19:28:00 GMT
All Listings Subject To Rules and Regulations of MFRMLS: Any listing filed with MFRMLS is subject to rules and regulations of MFRMLS upon signature of the seller(s) and the Participant or authorized signatory. Listings that fall into the property types in Article 4, Section 1 must be filed with MFRMLS within forty-eight hours after obtaining all required signatures (excepting weekends and holidays).
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Article 3.5: Supporting Documentation
Posted by MFRMLS Fri, 02 Jun 2006 19:29:00 GMT
Supporting Documentation: On-line computer offices shall directly enter listings and changes into the system without submitting supporting documentation to MFRMLS. Listing offices which are not on-line shall file only the Profile Sheet and Change Notice for entry into the computer by Service Center staff. It shall be the responsibility of the Participant to maintain files as a good business practice and as required by Florida Statute. Upon the request of MFRMLS, the Participant will produce documentation of the listing agreement or any changes thereto.
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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.
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Article 3.7-A: Tax Id
Posted by MFRMLS Fri, 02 Jun 2006 19:40:00 GMT
Tax Id: For incorrect Tax Id number or format.
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Article 3.7-B: Remarks
Posted by MFRMLS Fri, 02 Jun 2006 19:41:00 GMT
Remarks: For incorrect information entered in the Remarks data fields. The remarks shall not include any agent, broker, company, URL information or affiliated businesses; however this information may be entered in the Realtor Remarks field.
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Article 3.7-C: Virtual Tours/Photo Sections
Posted by MFRMLS Fri, 02 Jun 2006 19:43:00 GMT
Virtual Tours/Photo Sections: For entering company or agent logos, agent photos, commissions, bonuses or any contact information in the virtual tour or photo sections. Only photographs, site plot, property sketch, property line art or survey of the property can be entered in the virtual tour and all photo fields. Virtual Tour Company contact information is the only contact information that is allowed on the Virtual Tours.
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Article 3.7-D: Map
Posted by MFRMLS Fri, 02 Jun 2006 19:44:00 GMT
Map: For failure to correct the subject’s location on the MLS map, or to add it if missing.
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Article 3.7-E: Photos Required
Posted by MFRMLS Fri, 02 Jun 2006 19:45:00 GMT
Photos Required: For failure to supply at least one front exterior photo in the first slot of MLXchange (except vacant land) within seven business days from the listing date when the Broker Load option was selected during the initial entry of the listing. Once a fine is issued for this violation, MFRMLS will arrange for its photographer to take one exterior front photo.
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Article 3.7-F: Prohibitions
Posted by MFRMLS Fri, 02 Jun 2006 19:46:00 GMT
Prohibitions: For failure to abide by the prohibitions in Article 7.1-7.8
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Article 3.7-G: Calling/Access Codes
Posted by MFRMLS Fri, 02 Jun 2006 19:49:00 GMT
Calling/Access Codes: For the publication in any field of combination lockbox codes, security gate codes or security system alarm codes or any other codes for equipment or systems designed to ensure the security of the property.
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Article 3.7-H: Accurate/complete listing data
Posted by MFRMLS Fri, 02 Jun 2006 19:50:00 GMT
Accurate/complete listing data: For failure to enter accurate and complete listing data. No data is allowed in any field except that for which the field is designed.
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Article 3.7-I: Driving Directions
Posted by MFRMLS Fri, 02 Jun 2006 19:51:00 GMT
Driving Directions: The directions must include full street names, beginning and ending points. Use directional designations, North, South, East or West. (Do not use “Go to Mapquest”)
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Article 3.7-J: Retirement, 55+ or 62+ Communities
Posted by MFRMLS Fri, 02 Jun 2006 19:52:00 GMT
Retirement, 55+ or 62+ Communities: On advice of Legal Counsel, MFRMLS has adopted a rule that prohibits placing any indication of retirement communities (e.g. 55+ and 62+ communities) in a listing.
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Article 3.7-K: Status Changes
Posted by MFRMLS Fri, 02 Jun 2006 19:53:00 GMT
Status Changes: For failing to report a status change within forty-eight hours (excepting weekends and holidays) after all necessary signatures have been obtained. Should a Participant discover that they have not reported a change in status prior to a fine being issued; they may correct the error and must immediately contact the MLS department with the information by email, phone or fax to avoid a fine. Amount determined by the Progressive fine schedule.
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Article 3.7-L: Late Listing
Posted by MFRMLS Fri, 02 Jun 2006 19:54:00 GMT
Late Listing: For failing to file a residential listing or long term rental listing with MFRMLS within forty-eight hours (excepting weekends and holidays) after all necessary signatures have been obtained. Amount determined by the Progressive fine schedule.
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Article 3.7-M: Failure to respond
Posted by MFRMLS Fri, 02 Jun 2006 19:58:00 GMT
Failure to respond: For failing to respond to written notice of inaccurate information on a listing within five working days or to provide copies of documents within forty-eight hours (excepting weekends and holidays) when requested by the MLS. Amount determined by the Progressive fine schedule.
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Article 3.7-N: Type of Listing/Special Listing Type
Posted by MFRMLS Fri, 02 Jun 2006 20:00:00 GMT
Type of Listing/Special Listing Type: For failing to disclose a Limited Service, MLS Only or Exclusive Agency Listing, or a Variable Rate or Dual Rate commission arrangement (see Article 4.21). Amount determined by the Progressive fine schedule.
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Article 3.7-O: Solds/Non-Members
Posted by MFRMLS Fri, 02 Jun 2006 20:02:00 GMT
Solds/Non-Members: MFRMLS requires filing the complete HUD statement for all “non-member” and “Out of area member” sales of Participant listings with MFRMLS. Amount determined by the Progressive fine schedule.
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Article 3.7-P: Listing Abuse
Posted by MFRMLS Fri, 27 Jul 2007 18:33:00 GMT
Listings may not be inactivated through a change of status and reactivated to make it appear to be new. The only valid reason for changing a listing number is a new listing agreement executed by a new agent/new company or a new listing agreement with the same broker dated at least 30 days after expiration or withdrawal of the prior agreement.
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Article 3.7-Q: Range Priced Listings
Posted by MFRMLS Fri, 27 Jul 2007 18:36:00 GMT
For failure to advertise a Range Priced Listing correctly. The property must be marked as “range priced” in the appropriate block of the MLS data form and the range in which the seller will consider offers must be stated in the first line of the Public Remarks as follows: “Range Priced - Seller will consider offer between X (insert dollar amount) and Y (insert dollar amount), with Y being considered full list price. The list price must be the high price shown in the range and low price is the low price shown in the range.
Violations of Subsections R-U are considered to have the most serious effect on overall database accuracy and are automatic in the amounts indicated with no courtesy notification or five-business day grace period for correction:
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Article 3.7-R: Short Sale Disclosure
Posted by MFRMLS Tue, 12 Aug 2008 21:39:00 GMT
Short Sale Disclosure: For failure to disclosure the approved short sale verbiage in both the Realtor® only Remarks and Public Remarks and selecting “3rd Party Approval” found in the Realtor® Info field.
Violations of Subsections S-V are considered to have the most serious effect on overall database accuracy and are automatic in the amounts indicated with no courtesy notification.
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Article 3.7-S: Incorrect/Incomplete
Posted by MFRMLS Fri, 27 Jul 2007 18:41:00 GMT
For providing incorrect or incomplete information or for failing to correct the information after a fine has been paid. The Participant will be assessed an additional fine of $500.00 for each occurrence.
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