Rules and Regulations
Section 2.0.2 Seller Agent Name
The Selling Agent name of an Offer to Purchase will be used as the Selling Agent name for the listing in the MLS.
Section 2.5.1 Reporting Pending to The Service:
The listing Participant must report within 72 hours (excepting weekends, holidays and postal holidays) according to the following requirements: (1) When the contract is accepted, the status changes to Pending; or (2) If the status is Pending with ...
MLS Rules and Regulations - Download Here (Updated 11/01/2022)
Note the MLS Rules and Regulations can be downloaded here. See Attachment below. September 3, 2020 Section 1: Greene, Hyde and Martin Counties added- BOM 09/03/20 Section 1.1.4: Rule change from “For Comp Purposes” to “For Sale Only” revised- BOM ...
Section 15 VOW and IDX
Note: Provisions in this Section 15 include references to section numbers in the NAR model rules for VOWs. Those references appear as “NAR Section x.x.” These reference numbers appear here only to ease comparisons of these rules with the NAR model ...
Section 14 Orientation
Any applicant for MLS Participation and any licensee affiliated with an MLS Participant (including licensed or certified appraisers) who has access to and use of MLS-generated information may be required to complete an orientation program of no more ...
Section 13 Changes in Rules and Regulations:
Amendments to the Rules and Regulations of the Service shall be by a simple majority vote of the Board of Managers of the Service.
Section 12 Limitations On Use Of Service Information:
Use of information from Service compilation of current listing information, from Services’ statistical report, or from any sold or comparable report of the Service for public mass-media advertising by a Service Participant or in other public ...
Section 11.6 Limit on Number of Listings Displayed. (NAR Section 19.19)
A Participant shall limit the number of listings that a customer, client, or consumer may view, retrieve, or download to not more than 500 current listings or fifty percent (50%) and not more than 500 sold listings in response to any inquiry, ...
Section 11.5 Identification of Listing Firm and Subscriber. (NAR Section 19.18)
In any display or disclosure of MLS Listing Information (as that terms is defined in Section 16.1(d) of these Rules), including oral disclosure and display on a VOW, a Participant shall cause any listing that is displayed to identify the name of the ...
Section 11.4 Disclaimer of Liability; Copyright Notice.( NAR Section 19.17)
In any display or disclosure of MLS Listing Information (as that term is defined in Section 16.1(d) of these Rules), including oral disclosure and display on a VOW, a Participant shall include a notice indicating that the MLS Listing Information is ...
Section 12.1 No modification of other Participants’ content. (NAR Section 19.16)
A Participant shall not change the content of any MLS Listing Information (as that term is defined in Section 16.1(d) of these Rules) of any other Participant from the content as it is provided in the Service, without regard to how it is disclosed, ...
Section 11.2 Reproduction:
Participants or their affiliated licensees shall not reproduce any Service Compilation or any portion thereof except in the following limited circumstances. Participants or their affiliated licensees may reproduce from the Service Compilation, and ...
Section 11.1 Display:
Each Participant shall be entitled to lease from NCRMLS, a number of copies of each MLS compilation sufficient to provide the Participant and each person affiliated as a licensee (including licensed or certified appraiser) with such Participant with ...
Section 12 Distribution:
Participants shall, at all times, maintain control over and responsibility for each copy of and access to any MLS compilation* leased to them by NCRMLS, and shall not distribute any such copies to persons other than Subscribers who are an affiliated ...
Section 10.2 Each Participant shall be entitled to lease from the Service
Each Participant shall be entitled to lease from the Service, a number of copies of each Service compilation sufficient to provide the Participant and each person affiliated as a licensee (including licensed or certified appraiser) with such ...
Section 11.1 Compilation and Copyright
All right, title and interest in each copy of every multiple listing compilation created and copyrighted by the Service and in the copyrights, therein, shall always remain vested in NCRMLS. (R)
Section 11 Ownership of MLS Compilation and Copyright:
By the act of submission of any property listing content to the MLS, the participant represents and warrants that he or she is fully authorized to license the property listing content as contemplated by and in compliance with this section and these ...
Section 9.4 MLS Rules Violations:
MLS participants may not take legal action against another participant for alleged rules violation(s) unless the complaining participant has first exhausted the remedies provided in these rules. (M)
Section 9.3 Complaints of Unauthorized Use of Listing Content:
Any participant who believes another participant has engaged in the unauthorized use or display of listing content, including photographs, images, audio or video recordings, and virtual tours, shall send notice of such alleged unauthorized use to the ...
Section 11.0.1 Access to Comparable And Statistical Information:
REALTORS who are actively engaged in real estate brokerage, management, appraising, land development, or building, but who do not participate in the Service, are nonetheless entitled to receive, by purchase or lease, all information other than ...
Section 10.1 MLS Not Responsible for Accuracy of Information:
The information published and disseminated by the Service is communicated verbatim, without change by the Service, as filed with the Service by the Participant. The Service does not verify such information provided and disclaims any responsibility ...
Section 10.0 Confidentiality of Information:
Any information provided by the multiple listing service to the Participants shall be considered official information of the Service. Such information shall be considered confidential and exclusively for the use of Participants and real estate ...
Section 9.2 Complaints of Unethical Conduct:
All other complaints of unethical conduct shall be referred by the Board of Managers of the service to the association of REALTORS® for appropriate action in accordance with the Multi-Board Agreement procedures . (M)
Section 9.1 Violations of Rules And Regulations:
Section 9.1 Violations of Rules And Regulations: If the alleged offense is a violation of the Rules and Regulations of the Service and does not involve a charge of alleged unethical conduct or request for arbitration, it may be administratively ...
Section 9 Consideration of Alleged Violations:
The Service shall give consideration to all written complaints having to do with violations of the Rules and Regulations. By becoming and remaining a participant, each participant agrees to be subject to these rules and regulations, the enforcement ...
Section 7.1 Applicability of Rules to Users and/or Subscribers:
Non-principal brokers, sales licensees, appraisers, and others authorized to have access to information published by the MLS are subject to these Rules and Regulations and may be disciplined for violations thereof. Further, failure of any user or ...
Section 7. Compliance with Rule-Authority to Impose Discipline:
By becoming and remaining a participant or subscriber in this MLS, each participant and subscriber agrees to be subject to the rules and regulations and any other MLS governance provision. The MLS may, through the administrative and hearing ...
Section 6.2 Waivers from MLS Fees, Dues, and Charges:
A no-cost waiver of MLS fees, dues and charges is available for any licensee or licensed or certified appraiser who can demonstrate subscription to a different MLS or CIE where the principal broker participates. The principal broker must sign and ...
Section 6.1 Service Fees and Charges:
Participants and subscribers are referred to their REALTOR® association for all fees and charges.
Section 5.2 Participant as Purchaser:
If a Participant or any licensee (including licensed and certified appraisers) affiliated with a Participant wishes to acquire an interest in property listed with another Participant, such contemplated interest shall be disclosed, in writing, to the ...
Section 5.1 Participant as Principal:
If a Participant or any licensee (or licensed or certified appraiser[1]) affiliated with a Participant has any ownership interest in a property, the listing of which is to be disseminated through the multiple listing service, that person shall ...
Section 5.0.7 MLS Does Not Establish or Recommend Cooperating Compensation:
The Service does not recommend or establish the amount of compensation listing brokers pay to cooperating brokers in the Service; nor does the Service establish or recommend the amount or terms of compensation paid by Participants to nonparticipants. ...
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 5.0.1 Short Sales:
A “Short Sale” is a sale where: the Purchase Price is or may be insufficient to enable Seller to pay the costs of sale, which include but are not limited to the Seller’s closing costs and payment in full of all loans or debts secured by deeds of ...
Section 5.0.5 Court Approval:
When a listing broker’s listing contract is subject to court approval, the listing broker must communicate the potential reduction of commission by placing the following language in the Agent Remarks: Court may reduce commission. Cooperating brokers ...
Section 5.0.4 Superseding Offers of Compensation:
The listing broker may offer any Service Participant compensation other than the compensation indicated on any listings published by the Service provided the listing broker informs the other broker in writing in advance of submitting an offer to ...
Section 5.0.3 Net Selling Price Defined:
“Net selling price,” for purposes of these rules, means the gross selling price less any portion of buyer’s financing, taxes, insurance, and closing costs if paid by the seller. No other amounts may be deducted from the gross selling price for the ...
Section 5.0.2: Form of Indicating Compensation:
In entering a property with the Service, the Participant of the Service is making blanket unilateral offers of compensation to the other Service Participants, and shall, therefore, specify on each listing entered the Service, the compensation being ...
Section 5 Cooperative Compensation Specified on Each Listing:
The listing broker shall specify, on each listing filed with the multiple listing service, the compensation offered to other multiple listing service participants for their services in the sale of such listing. Such offers are unconditional except ...
Section 4.4 Use of the Terms MLS and Service
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 ...
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