MULTI-CHOICE | How many days after taking a listing does it have to be input in the MLS?
3 DAYS | MLS RULE 7.5 – MANDATORY SUBMISSION: Within 3 days after all necessary seller(s) signatures have been obtained on the listing or at the beginning date of the listing as specified in the contract, whichever is later, on any exclusive right to sell or seller reserved listing on one to four unit residential property and vacant lots located within the service area of the MLS, Broker participants shall… (Please click on link below to view complete MLS rule.)
We made a mistake! The correct answer to the question below is noted in orange type. We went back and reviewed all participants’ answers and gave full credit for those who answered correctly as defined below, but whose quizzes were marked incorrect.
MULTI-CHOICE | When must you execute and provide CCAR an SELM?
WHENEVER THE LISTING WILL NOT BE INPUT INTO THE MLS WITHIN 3 DAYS… (MLS RULE 7.5) (Please click on link below to view complete MLS rule.)
MULTI-CHOICE | If my seller has requested a specific date and time to review offers, what do I need to do?
D: B and C | MLS RULE 9.4 – PRESENTATION of OFFERS: The listing broker must make arrangements to present the offer as soon as possible or give the buyer broker a satisfactory reason for not doing so. If a seller(s)/landlord(s) has directed that offers are not to be presented for any length of time, seller’s direction authorizing such arrangement shall be in writing and the listing broker shall provide clear and accurate notice of the date/time of presentation of offers as set forth in written instruction… in the Confidential Remarks of the MLS, not withstanding the seller’s right to accept offers at any time. In the event a listing broker will not participate in the presentation of offers, the listing broker shall clearly indicate this fact in the listing information… (Please click on link below to view complete MLS rule.)
YES OR NO | Do you have to install a Supra lockbox on every property listing?
NO… | MLS RULE 13.2.2: …Unless any lockbox or other device giving access to an On Market listing for real estate professionals and/or service providers is authorized by the seller and/or occupant and is placed on or present on property listed through the service; such lockbox or device must be one that is approved by the MLS where the listing has been submitted. (Please click on link below to view complete MLS rule.)
MULTI-CHOICE | How many days do you have to input property status to “pending” or “sold”?
1 DAY | MLS RULE 10.2 – REPORTING of SALES: “Listings with accepted offers shall be reported to the MLS or input into the MLS database as “pending” within 1 day after the acceptance by the listing broker unless the negotiations were carried out under Section 9.1(a) or (b),… Upon final closing, the listing broker shall report or input the listing in the MLS as “sold” within 1 day after the final closing date unless the negotiations were carried out under Section 9.1(a) or (b)…” (Please click on link below to view complete MLS rule.)
* QUIZ RULES | Members providing complete and accurate answers to each quiz will be entered into weekly prize drawings to win free eKey fees for one (1) year (a $185 value); maximum one (1) winner per week. Weekly prize winners will be announced every Tuesday from April 2-23, 2019. Members who complete all four (4) quizzes (whether answers are accurate or not) will be entered into the grand prize drawing to win free CCAR MLS fees for one (1) year (a $499 value); grand prize winner will be announced Tuesday, April 30, 2019.