Existing M.L.S. Rules & Regulations Fine Schedule

Revised August 1, 2005

Time Frames for Submission to M.L.S.	Fines
Mandatory Submission of all exclusive right  to sell or
exclusive agency listings - residential & one to four units
located within the service area of the MLS must be
submitted within 48 hours excluding weekends, holidays
and postal holidays-after all necessary signatures.
▪ Fine for late entry of a new listing	$25 per day up to $250.00
▪ Duplicate listing by the same agent/broker	No Fine
▪ Entry of a property listed by a non-MLS member	No Fine
Mandatory Photos - one photo required within 7 days	EFFECTIVE:
of being added into the system for every listing within the	AUGUST 1, 2005
following property types and statuses: Types - RES, RES Lease, RES Income, MOB/MFG;
Statuses - A,B,F,P,S,L,H,W
▪ Fines for not complying 1st offense	Citation letter
▪ 2nd offense	Citation letter plus $50.00
▪ 3rd offense	Citation letter plus $200.00
▪ 4th offense	Citation letter plus $500.00
Exempted Listings - Service needs to receive Office
Exclusive Listing certifications within 48 hours excluding
weekends, holidays & postal holidays-after all necessary
signatures.
▪ Fines for not complying 1st offense	Citation letter
▪ 2nd offense	Citation letter plus $50.00
▪ 3rd offense	Citation letter plus $200.00
▪ 4th offense	Citation letter plus $500.00
Changes of Listing Information
▪ Fine for not submitting correct information	No Fine
▪ Fine for entry of incorrect status	No Fine
▪ Fine for submitting inaccurate expirations date	No Fine
▪ Fine for failure to withdrawal or cancel listing	No Fine
▪ Fine for active listings w/out valid listing agreement	No Fine
Reporting of Pending / Selling information needs to	Same Fine schedule
be competed  within 24 hours excluding  weekends, holidays	as Exempted  Listings
& postal holidays-after all necessary signatures.
▪ Fine for inaccurate selling info.	No Fine
Preview - Failure to report cancellation of preview.	$25.00

Participant/Subscriber has a right to appeal the fine before the Assessment Hearing Panel (AHP) within 30 days.  This panel consists of three members of the M.L.S. Committee, none of which will be from the appealing member’s office. Appeal after AHP’s decision must be made to the Board of Directors.