Section 4.9: Listings of Suspended/Expelled Participants
Posted by PRO Fri, 17 Mar 2006 17:21:00 GMT
Participants can be suspended or expelled from the MLS for two reasons.
- Failure to abide by the MLS rules, regulations, policies and procedures
- Failure to pay appropriate dues, fees, fines, or other financial obligations
Suspended/Expelled for Failure to Abide by the MLS Rules, Regulations, Policies and Procedures
When an MLS Participant is suspended or expelled because of failure to abide by the rules, regulations, policies and procedures, the MLS retains (at the Participant’s option) all listings that are currently filed until sold, withdrawn, or expired. The MLS does not renew or extend the listing beyond the expiration date that is in effect when the suspension becomes effective.
Suspended or Expelled for Failure to Pay Appropriate Dues, Fees, Fines, or Other Financial Obligations
When an MLS Participant is suspended or expelled from the MLS because of a financial obligation, the MLS is not obligated to provide MLS services, or to continue to include the Participant’s listings in the MLS compilation of current listing information. Prior to removal of the listing, MLS advises the Participant in writing that the listing will be removed so that the Participant can notify clients or customers.
When an expelled Participant is reinstated, the Participant must re-enter all listings.
If a Participant has a company with more than one office, the suspension is imposed only against that office which is delinquent in dues, fees, fines, or other financial obligations. Suspended Participants remain subject to the MLS rules and regulations with respect to listings currently filed with the MLS.