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Section 7.0: Listings

Posted by PRO Mon, 20 Mar 2006 15:14:00 GMT

Listings filed with the MLS are not made available to brokers or firms that are not a member of the MLS without the consent of the listing broker.

A listing, extension, or status change may not be filed with MLS until the listing agreement, profile sheet, and listing status report form have all required information and signatures.

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Section 7.1: For Sale Signs

Posted by PRO Mon, 20 Mar 2006 15:19:00 GMT

Only the listing broker’s For Sale sign may be placed on the property.

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Section 7.2: Sold Signs

Posted by PRO Mon, 20 Mar 2006 15:21:00 GMT

Prior to closing, only the listing broker’s Sold or Contract sign may be placed on the property unless the listing broker authorizes the cooperating (selling) broker to post a Sold sign.


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Section 7.3: Listing Solicitations

Posted by PRO Mon, 20 Mar 2006 15:22:00 GMT

Participants shall not solicit a listing on property filed with the MLS unless such solicitation is consistent with Article 16 of the REALTORS® Code of Ethics, its Standards of Practice and its Case Interpretations.

Note: This section is to be construed in a manner consistent with Article 16 of the Code of Ethics and particularly Standard of Practice 16-4. This section is intended to encourage sellers to permit their properties to be filed with the Service by protecting them from being solicited, prior to expiration of the listing, by brokers and salespersons seeking the listing upon its expiration.

Without this protection, a seller could receive hundreds of calls, communications, and visits from brokers and salespersons who have been made aware through the MLS that the listing date will expire and who desire to substitute themselves for the present broker.

This section is also intended to encourage brokers to participate in the MLS by assuring them that other participants will not attempt to persuade the seller to breach the listing contract or to interfere with their attempts to market the property. Without this protection, listing brokers would be reluctant to disclose the identity of the seller or the availability of the property to other brokers.

Note: This section does not prevent solicitations of listings that are advocated in Article 16 of the REALTORS® Code of Ethics, its Standards of Practice and its Case Interpretations.

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Section 7.4: Use of terms MLS and Multiple Listing Service

Posted by PRO Tue, 22 Jan 2008 19:08:00 GMT

No MLS participant, subscriber or licensee affiliated with any participant shall, through the name of their firm, their URLs, their e-mail addresses, their website addresses, or in any other way represent, suggest or imply that the individual or firm is an MLS, or that they operate an MLS.

Participants, subscribers and licensees affiliated with participants shall not represent, suggest or imply that consumers or others have direct access to MLS databases, or that consumers or others are able to search MLS databases available only to participants and subscribers.

This does not prohibit participants and subscribers from representing that any information they are authorized under MLS rules to provide to clients or customers is available on their websites or otherwise.

 

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Section 7.5: Security Passwords

Posted by PRO Mon, 20 Mar 2006 15:25:00 GMT

When Participants, Subscribers, and Administrative Users qualify for participation in the MLS, they create a secure password to provide the user access the MLS database. The MLS will also require the user to answer three security questions to verify user identity.

User Security Password Rules

Passwords are issued to an individual user, and it is strictly prohibited to share or provide security passwords or security question information to anyone including, but not limited to spouse, significant other, team members or unregistered personal assistants. Administrative Users must be registered users with the MLS.

Note: Third-party vendors must obtain a license from MLS to provide services using MLS data. This includes (but is not limited to) IDX or Web developers who require an ftp feed of MLS data to Participants’/Subscribers/ Web sites.

Unauthorized Access: Violations of Section 7.5 will be in accordance with the MLS’ Authority to impose Discipline, Section 10.1


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Section 7.6: Lockbox Fields in Database

Posted by PRO Mon, 20 Mar 2006 15:35:00 GMT

The lockbox fields in the MLS are located in the Showing Instructions under Residential Features.

  • Lock Box Coded – Used to indicate that the lockbox on the dwelling has a CBS code set in the approved SUPRA electronic lockbox. A CBS code is a call-before-showing code that gives access to the property only to those specifically authorized by the listing agent to enter the property. The cooperating broker must call the listing broker prior to opening the lockbox because the CBS code blocks all SUPRA keys until the proper CBS code is entered.


    This field may also be used to indicate other devices that give access to the property. Cooperating brokers must call the listing broker to determine the instructions for accessing the property.

    Do not enter lockbox CBS or other codes in the MLS.

  • Lock Box – Used to indicate that there is a lockbox on the dwelling.

  • Special Access Hours – Used to indicate there are specific hours the property occupant has given permission to show the property. Typically, the hours are 8:00 a.m. to 9:00 p.m. Eastern Standard Time. Listing agents can modify those times to accommodate the property occupant’s schedule.


The following violations are subject to the Progressive Fine and Rules Schedule as stated in Section 10.1:

Publication, in any field, of access codes, combination lockbox codes, security gate codes, security system alarm codes or any other codes for equipment or systems designed to ensure the security of the property.




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Section 7.7: Maintaining Database Integrity

Posted by PRO Mon, 20 Mar 2006 15:37:00 GMT

Participants must enter all information into the MLS database fields in such a manner as not to impair the capabilities of the database such as, but not limited to, the following:

The following violations are subject to the Progressive Fine and Rules Schedule as stated in Section 10.1:

  • Entering information in the address field other than the legal address or adding address incorrectly such as Unit # in the Street Name field, etc.

  • Revising List Price in order to affect Hot Sheet reports.

  • Failure to correct tax identification number after being notified by the MLS.

  • Failure to respond to notice of inaccurate information on a listing within forty-eight hours or to provide copies of documents within forty-eight hours (excepting weekends and holidays) when requested by the MLS.

  • Failure to report a Planned Unit Development (Y/N) correctly in the MLS system.


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