MLS RESOURCES & INFORMATION
MLS RULES & REGS SPOTLIGHT:
Post at least 1 exterior photo on all listings
MLS RULES & REGULATIONS – 11.5 (b) Photographs on the MLS
To avoid MLS compliance violations, be sure to post at least one front exterior photo of your when you input your listing on the MLS. This ensures that agents and consumers get a clear picture of the property/home. Best practice: prepare and post all professional photos when you input each listing.
“…b. At least one (1) photo or graphic image of the front exterior of the property accurately displaying the listed property (except where sellers expressly direct in writing that photographs of their property not appear in MLS compilations) is required to be posted on the MLS upon submission of the listing in all categories other than business opportunity and Lots and Land.”
MLS RULES CHANGES
These following MLS Rules changes have been adopted by CCAR and will be included in CCARs MLS Rules & Regulation effective March 2nd. The revisions are set forth as follows:
7.8 Change of Listing Information. Listing brokers shall input any change in listing information, including the listed price or other change in the original listing agreement, to the MLS within
1 3 day after the authorized change is received by the listing broker. By inputting such changes to the MLS, the listing broker represents that the listing agreement has been modified in writing to reflect such change or that the listing broker has obtained other legally sufficient written authorization to make such change.
7.24 Auction Listings. Only auction listings which comply with these MLS Rules and Regulations, including, but not limited to Sections 7.12 and 7.13, may be submitted to the Service. Auction listings entered into the MLS system shall have listing contracts as required under these rules, be clearly labeled as auction listings in public remarks and under special information, and provide all the terms and conditions of the auction. Reserve auctions are not permitted on the MLS. Auction listings shall further specify the following:
(a) The list price, which shall be seller’s minimum acceptable sale price;
(b) The date, time and place of the auction;
(c) All required procedures for Participants/Subscribers to register their representation of a potential bidder;
(d) The amount of the buyer’s premium by the auction and any additional fees, if any, to be placed in the public remarks:
(e) The time or manner in which potential bidders may inspect the listed property;
(f) Whether or not the seller will accept a purchase offer prior to the scheduled auction and
(g) Any other material rules or procedures for the auction.
(i) Disclose buyer’s premium charged by the auction
j) Unless otherwise noted, the above information must be specified in confidential remarks and/or associated documents
11.5 Photographs on the MLS.
a. By submitting photographs to the MLS, the participant and/or subscriber represents and warrants that he or she either owns the right to reproduce and display such photographs or has procured such rights from the appropriate party, and has the authority to grant and hereby grants the MLS and the other Participants and Subscribers the right to reproduce and display the photographs in accordance with these rules and regulations. Use of photographs by a subsequent listing agent requires prior written authorization from the originating listing agent or other appropriate party with the legal right to reproduce and display such photographs. Except by the MLS for purposes of protecting its rights under Section 11.6, branding of photographs, virtual tours or any other photographic representation with any information or additional images, is prohibited. However, branded Media Links will be permitted in the Branded Media Link field for the sole purpose of transmittal to 3rd party vendors only. Upon notification to the Participant and/or Subscriber, MLS has the right to remove any photo found not to be in compliance with the MLS Rules.
b. At least one (1) photo or graphic image of the front exterior of the property accurately displaying the listed property (except where sellers expressly direct in writing that photographs of their property not appear in MLS compilations) is required to be posted on the MLS
upon within 1 day of submission of the listing in all categories other than business opportunity and Lots and Land.
PARTNERS IN COMPLIANCE
CCAR is dedicated to providing MLS Participants and Subscribers with the tools and education necessary to manage every aspect of the real estate transaction with the highest levels of accuracy and integrity possible. Should you have questions about MLS Rules & Regulations, feel free to contact us for clarification, or sign up for classes to help you refine your Paragon skills.
| dec 2019 – feb 2020 |
Mandatory Submission (195)
Accuracy of Information (138)
Failure to Report Sale (62)
Public remarks (34)
| dec 2019 – feb 2020 |
User Compliance Ensures Data Integrity
Accurate, reliable MLS information is critical to your success. By following MLS Rules & Regulations you ensure the consistency, accuracy and integrity of data. To ask a question or submit a confidential complaint about a specific MLS listing, click on the Paragon “Correction” link and detail the issue in an email to email@example.com. All complaints and inquires are confidential.
MLS corrections processed (351/ mo avg.)
Warning emails sent (155/mo avg.)
Warnings without fines (147/mo avg.)
Citations issues (10/mo avg.)
tools & SERVICES: