Section 5.3 Dual or Variable Rate Commission Arrangements:
The existence of a dual or variable rate commission arrangement (i.e., one in which the seller/landlord agrees to pay a specified commission if the property is sold/leased by the listing broker without assistance and a different commission if the ...
Failure to Disclose a Dual / Variable Commission rate in the MLS
This Violation Receives an Automatic $50 Fine-no courtesy notice
Section 5.0.6 Gross Commission Not Disclosed:
The listing broker is prohibited from disclosing in the MLS the amount of total negotiated commission in his listing contract, and the Service shall not publish the total negotiated commission on a listing which has been submitted to the Service by a ...
Section 1.9 No Control of Commission Rates or Fees Charged by Participants:
The Service shall not fix, control, recommend, suggest, or maintain commission rates or fees for Services to be rendered by Participants. Further, the Service shall not fix, control, recommend, suggest, or maintain the division of commissions or fees ...
Exhibit 2: Data Compliance Assurance Policy
Compliance Process Violations. NCRMLS staff will issue fines for noncompliance with the MLS rules per the chart below. Fines are levied per field, not per listing. Upon notice of a violation, the MLS Subscriber/ Participant Member has 72 hours ...