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BAY EAST ASSOCIATION OF REALTORS®
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(MS Word)
Amended July 16, Effective August 17
INDEX
Page 1 thru 5
1. PURPOSE AND AUTHORITY OF THE MULTIPLE LISTING SERVICE
*
2. MULTIPLE LISTING SERVICE COUNCIL
(refer to Council Structure)
*
3. PARTICIPATION AND AUTHORIZED ACCESS
*
3.1 Participant *
3.1.1 Broker Participant *
3.1.2 Appraiser Participant *
3.2 Subscriber *
3.2.1 Real Estate Subscriber *
3.2.2 Appraiser Subscriber *
3.3 Clerical Users *
3.4 Notification of Licensees *
3.5 Participation Not Transferable.
*
3.6 Listing Broker Defined *
3.7 Cooperating Broker or Selling Broker Defined
*
3.8 Appraiser Defined *
3.9 Unauthorized Access of the MLS
*
4. MLS FEES AND CHARGES (See Appendix
A for non-payment of fees)
*
4.1 Service Fees and Charges *
4.1.1 Initial Participation and or Application Fee
*
4.1.2 Recurring Participation Fee *
4.1.3 Listing Fee *
4.1.4 Book Fees *
4.1.5 Computer Access Fees *
4.1.6 Certification of nonuse *
4.1.7 Clerical Users *
4.1.8 Other Fees *
4.2 Responsibility for Fees *
5. REGIONAL AND RECIPROCAL AGREEMENTS
*
6. LISTING PROCEDURES *
6.1 Listings Subject to Rules and Regulations of the Service
*
6.2 Types of Listings/Responsibility for Classification
*
6.3 Types of Properties/Responsibility for Classification
*
6.4 Compliance with California and Federal Law
*
6.5 Mandatory Submission *
6.6 Exempted Listings *
6.7 Service Area *
6.8 Change of Listing Information
*
6.9 Withdrawal of Listing Prior to Expiration
*
6.10 Contingencies *
6.11 Detail on Listings Filed With the Service
*
6.12 Unilateral Contractual Offer/Subagency Optional
*
6.13 Acceptance of Contractual Offer
*
6.14 Consent to Act as Dual Agent
*
6.15 Estate Sale, Probate, Bankruptcy and Lender Approval Bankruptcy
Listings *
6.15.1 Estate Sale, Probate Listings and Bankruptcy Listings
*
6.15.2 Lender Approval Listings *
6.16 Changes to Offer of Compensation by Listing Broker to all Broker
Participants *
6.17 Broker participant or Real Estate Subscriber as Principal
*
6.18 Multiple Unit Properties *
6.19 Expiration, Extension and Renewal of Listing
*
6.20 Listings of Participants or Subscribers Suspended, or Expelled or
Resigned *
6.20.1 Failure to Pay MLS Fees/Resignation
*
6.20.2 Violation of MLS Rules *
6.21 No Control of Commission Rates or Fees Charged by Participants
*
6.22 Dual or Variable Rate Commission Arrangements
*
6.23 Right of Listing Broker and Presentation of Counter Offers
*
7. DOCUMENTATION/PERMISSION/ACCURACY OF INFORMATION
*
7.1 Listing Agreement and Seller’s Permission
*
7.2 Written Documentation *
7.3 Accuracy of Information Responsibility of Accuracy
*
7.4 Input Defined *
7.5 Buyer, Seller Purchase and Sale Defined
*
8. SELLING PROCEDURES *
8.1 Showings and Negotiations *
8.2 Presentation of Offers *
8.3 Submission of Offers *
8.4 Right of Cooperating Broker in Presentation of Offer
*
8.5 Change of Compensation Offer by Cooperating Broker
*
8.6 Cooperating Broker as a Purchaser
*
9. REPORTING SALES AND OTHER INFORMATION TO THE SERVICE
*
9.1 Reporting of Sales *
9.2 Reporting Cancellation of Pending Sale
*
9.3 Refusal to Sell *
9.4 Reporting Resolutions of Contingencies
*
10. OWNERSHIP OF MULTIPLE LISTING SERVICE COMPILATIONS AND COPYRIGHTS
*
10.1 MLS Compilation Defined *
10.2 Active Listing MLS Compilation Defined
*
10.3 Comparable Data MLS Compilation Defined
*
10.4 Authority to put Listings in MLS Compilation
*
10.5 Photographs on the MLS *
10.6 Copyright Ownership *
10.7 Leasing of MLS Compilations
*
11. PROHIBITIONS AND REQUIREMENTS
*
11.1 Notification of California Department of Real Estate (DRE)
or California Office of Real Estate Appraisers (OREA) Action
*
11.2 Violations of the Law *
11.3 Supervision of Licensees and Appraisers
*
11.4 Solicitation of Listing Filed with the MLS
*
11.5 Misuse of Remarks *
11.6 "For Sale" Signs *
11.7 "Sold" Signs and Use of the term "Sold."
*
11.8 Advertising of Listing Filed with the MLS
*
11.9 Limitations on Use of Association or MLS Information in Advertising
*
11.10 False or Misleading Advertising and Representations
*
11.11 Use of MLS Information *
11.12 Confidentiality of MLS Information
*
11.12.1 Clerical Users *
11.13 Access to Comparable and Statistical Information
*
11.14 Display *
11.14.1 Clerical Users *
11.15 Reproduction *
11.15.1 Copies to Prospective Purchaser
*
11.15.2 Information Reproduced *
11.15.3 Copies for Appraisals *
11.15.4 Downloading into Computers
*
11.15.5 Sold Information *
11.16 Listing Information on the Internet
*
11.17 Applicability of Rules to MLS or Association
*
11.18 Listing Broker’s Right to Opt Out of Internet advertising of MLS
Information *
12. LOCKBOXES AND KEYCARDS *
12.1 Eligibility for Lockboxes *
12.2 Key Use and Service *
12.3 Temporary Keys *
12.4 Accountability *
12.5 Deemed Unaccountable *
12.6 Written Authority *
12.7 Listing Broker’s Permission
*
12.8 Unaccountable Keys *
12.9 Deposits *
12.10 Rules Violations *
12.11 Right to Limit Access *
13. VIOLATIONS OF RULES AND REGULATIONS
*
13.1 Grounds for Disciplinary Action and Sanctions
*
13.2 Sanctions *
13.3 Citations *
14. PROCEDURES FOR MLS RULES HEARINGS.
*
15. ARBITRATION *
15.1 Mandatory Arbitration *
15.2 Other Arbitration Agreements
*
15.3 Arbitration between Association Members
*
15.4 Arbitration Involving Non-association Members
*
16. NON-PAYMENT OF MLS FEES *
16.1 Non-Payment of MLS Fees *
16.2 Disputed Amounts *
16.3 Reinstatement *
APPENDIX A *
CITATION SCHEDULE OF ASSESSMENT *
APPENDIX B *
TYPES OF PROPERTY THE MLS WILL ACCEPT
*
1. PURPOSE AND AUTHORITY
OF THE MULTIPLE LISTING SERVICE
- Authority
The Association may maintain for the use of licensed
real estate brokers and salespersons, and licensed or certified appraisers,
a Multiple Listing Service, (hereinafter referred to as "MLS" or "Service")
which shall be subject to the bylaws of the A.O.R. and such rules and regulations
as may be hereinafter adopted by the Board of Directors of the A.O.R. (hereinafter
"Board of Directors").
B. Purpose
A Multiple Listing Service is a means by which the authorized
MLS broker participants establishes legal relationships with other participants
by making a blanket unilateral contractual offer of compensation and cooperation
to other broker participants; by which information is accumulated and disseminated
to enable authorized participants engaging in real estate appraisal to contribute
to a common database; and is a facility for the orderly correlation and
dissemination of listing information among the participants so that they
may better serve their customers and the public.
- MULTIPLE
LISTING SERVICE COUNCIL (refer to Council Structure)
PARTICIPATION
AND AUTHORIZED ACCESS
3.1
Participant
A participant is any individual who applies and, is accepted
by the MLS, and meets all of the following requirements of either a broker
participant or an appraiser participant as defined below in section 3.1.1
and 3.1.2.
3.1.1 Broker Participant
A broker participant is a participant who meets the
following requirements:
- The individual or corporation, for which the individual acts
as a broker/officer, holds a valid California real estate broker’s
license;
- The individual is a principal, partner, corporate officer, or
branch office manager acting on behalf of a principal;
- The individual or corporation for which the individual acts,
as a broker/officer, is capable of offering and accepting compensation
in the capacity of a real estate broker;
- The individual has signed a written agreement to abide by the
rules and regulations of the Service in force at that time and as
from time to time amended;
- The individual pays all applicable MLS fees; and
- The individual has completed any required orientation program
of no more than 8 classroom hours within 60 days after access has
been provided.
3.1.2 Appraiser Participant
An appraiser participant is a participant who
meets all of the following requirements:
- The individual holds a valid California Appraisers certification
or license;
- The individual is a principal, partner, corporate officer, or
branch office manager acting on behalf of a principal;
- The individual has signed a written agreement to abide by the
rules and regulations of the service in force at the time and as
from time to time amended;
- The individual pays all applicable MLS fees; and
- The individual has completed any required orientation program
of no more than eight (8) classroom hours within 60 days after access
has been provided.
3.2
Subscriber
Subscriber is an individual that applies and is accepted
by the MLS, meets and continues to meet all of the following requirements
of either a real estate subscriber or appraiser subscriber as defined below
in sections 3.2.1 and 3.2.2
3.2.1 Real Estate
Subscriber
A real estate subscriber is a subscriber who
meets all of the following requirements:
- The individual holds a valid California real estate salesperson
or broker’s license.
- The individual is employed by or affiliated as an independent
contractor with a broker participant;
- The individual has signed a written agreement to abide by the
rules and regulations of the service in force at that time and as
from time to time amended;
- The individual pays all applicable MLS fees; and
- The individual has completed any required orientation program
of no more than eight (8) classroom hours within 60 days after access
has been provided.
3.2.2 Appraiser Subscriber
An appraiser subscriber is a subscriber who meets
all of the following requirements:
- The individual holds a valid California real estate appraisers
certification or license;
- The individual is employed by or affiliated as an independent
contractor with an appraiser participant;
- The individual has signed a written agreement to abide by the
rules and regulations of the service in force at that time and as
from time to time amended;
- The individual pays all applicable MLS fees; and
- The individual has completed any required orientation program
of no more than eight (8) hours within 60 days after access has
been provided.
3.3 Clerical Users
Clerical users are individuals under the direct supervision
of an MLS participant or subscriber that are performing only administrative
and clerical tasks that do not require a real estate license or an appraisers
certificate or license. Each participant and subscriber shall provide the
MLS with a list of all clerical users employed by the participant and shall
immediately notify the MLS of any changes, additions or deletions from the
list. The list shall include any licensees under any broker associate affiliated
with the participant.
3.4 Notification of Licensees
Each participant shall provide the MLS with a list of
all real estate licensees or certified or licensed appraisers employed by
or affiliated as independent contractors with such participant or with such
participant’s firm and shall immediately notify the MLS of any changes,
additions or deletions from the list. This list shall include any licensees
under any broker associate affiliated with the participant.
3.5
Participation Not Transferable.
Participation in the MLS is on an individual basis and
may not be transferred or sold to any corporation, firm or other individual.
Any reimbursement of the MLS fee is a matter of negotiation between those
transferring the business or determined by internal contract arrangement
within the firm. However, providing the first participant consents, the
A.O.R. shall allow a firm to designate a different person as a participant
within the firm without additional initial participation fees. The A.O.R.
may charge an administrative fee for this service of reassigning participants
within a firm.
3.6
Listing Broker Defined
For purposes of these MLS Rules, a listing broker is
a participant who is also a listing agent as defined in Civil Code 1086
who has obtained a written listing agreement by which the broker has been
authorized to act as an agent to sell or lease the property or to find or
obtain a buyer or lessee. Whenever these rules refer to the listing broker,
it shall include the subscriber or a licensee acting for the listing broker
but shall not relieve the listing broker of responsibility for the act or
rule specified.
3.7
Cooperating Broker or Selling Broker Defined
For purposes of these MLS Rules, a cooperating broker
or selling broker is a participant who is also a selling agent as defined
in Civil Code 1086 who acts in cooperation with a listing broker to accept
the offer of compensation and/or subagency to find or obtain a buyer or
lessee. The cooperating broker or selling broker may be the agent of the
buyer or, if subagency is offered and accepted, may be the agent of the
seller. Whenever these rules refer to the cooperating broker or selling
broker, it shall include the subscriber or a licensee acting for the cooperating
or selling broker but shall not relieve that broker of responsibility for
the act or rule specified.
3.8
Appraiser Defined
For purposes of these MLS rules, an appraiser is an appraiser
participant, appraiser subscriber, or a licensed or certified appraiser
acting for the appraiser participant or appraiser subscriber. Whenever these
rules refer to the appraiser, the term shall also include the appraiser
subscriber or a licensed or certified appraiser employed by or affiliated
as an independent contractor with the firm that employs the appraiser but
shall not relieve that appraiser participant of responsibility for the act
or rule specified.
3.9
Unauthorized Access of the MLS
These are the MLS Rules and Regulations. The participant
is responsible for all payment of fees for those Licensees associated with
the firm. If the participant has not paid the imposed fee, and allows Licensees
associated with the firm access of MLS compilation, he is in violation of
unauthorized access of the MLS. (See Section 10.1 for MLS compilation defined,
and Section 12, for Violation of Rules and Regulations.)
3.9.1 If a participant allows any unauthorized
access to the MLS, the participant may be fined a penalty not less
than $250 and not more than $2500, for each violation.
3.9.2 Participants are required to notify the
MLS when accepting the affiliation of a new licensed sales associate
within 10 Association Business days (See fine assessment Appendix
A for not notifying Association within 10 days).
4. MLS FEES AND CHARGES
(See Appendix A for non-payment of fees)
4.1
Service Fees and Charges
The MLS Council, subject to approval of the Board of
Directors, shall establish a schedule of MLS fees applicable to the MLS,
which may include the following service fees and charges:
4.1.1 Initial Participation
and or Application Fee
Applicants MLS services may be assessed initial participation
and/or application fee. (See MLS Application)
4.1.2 Recurring Participation
Fee
The recurring participation fee of each broker shall
be an amount times the total number of l) the broker participant plus;
2) the number of salespersons who have access to and use of the MLS,
whether licensed as brokers or salespersons, who are employed by or
affiliated as independent contractors with such participant’s firm.
If more than one principal broker in the same firm elects to be a participants,
the number of salespersons in the firm will only be used once in calculating
the recurring participation fees. A broker participant is not obliged
to pay recurring participation fees or other MLS fees and charges for
real estate licensees affiliated with the participant or the participant’s
firm if such licensees work out of a branch office of the participant
or the participant’s firm that does not participate in or otherwise
use the MLS.
The recurring participation fee of each appraiser
participants shall be an amount times the total number of 1) the appraisers
plus; 2) the number of appraiser participants who have access to and
use of the MLS who are employed by or affiliated as independent contractors
with such participant’s or the participant’s firm If more than one principal
appraiser in the same firm elects to be a participant, the number of
appraisers in the company firm will only be used once in calculating
the recurring participation fees. An appraiser participant is not obligated
to pay recurring participation fees or other MLS fees and charges for
licensed or certified appraisers affiliated with the participant or
the participant’s firm if such appraisers work out of a branch office
of the participant or the participant’s firm that does not participate
in our otherwise use the MLS.
4.1.3 Listing Fee
A broker participant shall pay a listing fee for
each listing submitted to the MLS staff for input.
4.1.4 Book Fees
(If Applicable) The participant shall be responsible
for book fees for each MLS book the participants wishes to lease. The
participant may not obtain more MLS books than the total number of subscribers
and salespersons licensed or certified as appraisers, brokers or salespersons,
who are employed by or affiliated as independent contractors with such
participant.
4.1.5 Computer Access
Fees
The recurring computer access fee for each participant
shall be an amount times the total number of subscribers and salespersons
licensed or certified as appraisers, brokers or salespersons, who are
employed by or affiliated as independent contractors with such participant.
4.1.6 Certification
of nonuse
Participants may be relieved from payment under section
4.1.2 and 4.1.5 hereunder by certifying to the MLS in writing that a
licensed or certified person in the office is engaged solely in activities
that do not require a real estate license or certification (clerical,
etc.), or that the real estate licensee or licensed or certified appraiser
will not use the MLS or MLS Compilation in any way. In the event a real
estate licensee or appraiser is found in violation of the non-use-certification,
the participant and subscriber shall be subject to all MLS fees dating
back to the date of the certification and may also be subject to any
other sanction imposed for violation of MLS Rules including but not
limited to a citation and suspension or termination of participation
rights and access to the Service. Certification for nonuse is valid
for the annual billing period.
4.1.7 Clerical Users
Clerical users may be assessed application fees,
computer access fees and other fees. The Participant for clerical users
shall be responsible for all such applicable fee.
4.1.8 Other Fees
Other fees that are reasonably related to the operation
of the MLS may be adopted.
4.2
Responsibility for Fees
In the event the MLS allows for direct billing or payment
by a subscriber for MLS fees under these rules, such fees shall be the exclusive
obligation of that subscriber regardless of whether such subscriber becomes
affiliated with a different participant. If the MLS does not allow for direct
billing or payment by a subscriber for MLS fees, such fees shall be the
responsibility of the participant with whom the subscriber was affiliated
with at the time the MLS fees were incurred. This section does not preclude
in any way the ability of participants to pursue reimbursement of MLS fees
from current or past subscribers or to establish agreements with subscribers
regarding payment or reimbursement of MLS fees.
5. REGIONAL AND RECIPROCAL
AGREEMENTS
The MLS Council may recommend subject to the Board of
Directors approval that the MLS enter into reciprocal or regional agreements
with other Associations of REALTORS® or MLS corporations owned solely by
Associations of REALTORS® to allow the other MLS participants and subscribers
access to the Service in exchange for comparable benefits to the participants
and subscribers of this Service. In the event of such agreements, the participants
and subscribers agree to abide by the respective rules of the other MLSs
receiving and publishing a listing pursuant to such agreements and to abide
by such rules when accessing the other MLSs database.
- LISTING
PROCEDURES
6.1
Listings Subject to Rules and Regulations of the Service
Any listing filed with the Service is subject to the
rules and regulations of the Service.
6.2
Types of Listings/Responsibility for Classification
The Service shall accept exclusive right to sell, exclusive
agency, open, and probate listings as defined in California Civil Code 1086
et.seq. that satisfy the requirements of these MLS Rules. Exclusive Right
to Sell listings that contain any exceptions whereby the owner need not
pay a commission if the property is sold to particular individuals shall
be classified for purposes of these rules as an exclusive right to sell
listings but the listing broker shall notify all participants of the exceptions.
It shall be the responsibility of the broker participant and real estate
subscriber to properly classify the type of listing, and if necessary, obtain
a legal opinion to determine the correct classification. By classifying
the type a listing, the listing broker certifies that the listing falls
under the legal classification designated. The MLS shall have no affirmative
responsibility to verify the listing type of any listing filed with the
service. However, the MLS shall have the right to have legal counsel make
a determination as to the classification of the listing type and if the
listing broker does not reclassify it accordingly, the A.O.R. shall have
the right to reject or remove any such listing that it determines falsely
represents the classification of listing type. Submission of duplicate listings
by the same participant within the same category is not permitted. (See
Citation Assessment for submitting listings that do not satisfy the requirement
of these MLS Rules - Appendix A)
6.3
Types of Properties/Responsibility for Classification
The MLS shall accept listings that satisfy the requirements
of these Rules. (See Appendix B).
It shall be the responsibility of the broker participant
and real estate subscribers to properly classify the type of property listed,
and if necessary, obtain a legal opinion to determine the correct classification.
By classifying the type of property listed, the listing broker certifies
that the listing falls under the classification designated. The MLS shall
have no affirmative responsibility to verify the property type of any listing
filed with the service. However, the MLS shall have the right to have legal
counsel make a determination as to the classification of the property type
and if the listing broker does not reclassify it accordingly, the A.O.R.
shall have the right to reject or remove any such listing that it determines
falsely represents the classification of property type of the listing.
6.4
Compliance with California and Federal Law
Notwithstanding any other provision of these MLS Rules
and Regulations to the contrary, the Service shall accept any listing that
it is required to accept under California or Federal Law.
6.5
Mandatory Submission
Broker participants shall input exclusive right to sell
or exclusive agency listings on one to four unit residential property and
vacant lots located within the service area of the MLS within 72 hours after
all necessary signatures of seller(s) have been obtained on the listing.
Only those listings that are within the service area of the MLS must be
submitted. Open listings or listings of property located outside the MLS’s
service area are not required by the Service but may be input at the broker
participant’s option. Participants and subscribers must comply with the
rules of every MLS within whose jurisdiction his or her listings are located.
This includes, but is not limited to, the rules relating to showings, negotiations,
presentation of offers, and reporting of sales. In the event of a conflict
between the rules of the MLS where the property is located and the home
MLS’s, the rules of the MLS in which jurisdiction the listed property is
located shall apply.
6.6
Exempted Listings
If the seller refuses to permit the listing to be disseminated
by the Service, the listing broker shall submit to the MLS within 72 hours
a certification signed by the seller that the seller does not authorize
the listing to be disseminated by the MLS. Failure to submit on time will
result in a citation. (See Appendix A)
6.7
Service Area
The MLS service area shall be determined by the MLS Council,
subject to approval by the Board of Directors. If the A.O.R. has entered
into regional MLS agreements or a regional MLS corporation with other MLSs
and has enlarged the service area as part of the agreement, submission of
the type of listings specified in section 6.3 is mandatory for the area
covered by the combined service area of the Associations signatory to the
regional MLS agreement or part of the regional MLS corporation.
6.8
Change of Listing Information
Listing brokers shall input any change in listing information
including listed price or other change in the original listing agreement
to the MLS within 72 hours after the authorized change is received by the
listing broker. By inputting such changes to the MLS, the listing broker
represents that the listing contract 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. Failure to submit on time will
result in a citation (See Appendix A).
6.9
Withdrawal of Listing Prior to Expiration
Listings of property may be withdrawn from the MLS by
the listing broker before the expiration date of the listing agreement provided
the listing broker has received written permission from the seller to withdraw
the listing. The MLS may require the listing broker to provide a copy of
written permission. Sellers do not have the unilateral right to require
the MLS to withdraw a listing without the listing broker’s concurrence.
However, the MLS reserves the right to remove a listing from the MLS data
base if the seller can document that his or her listing agreement with the
listing broker has been terminated or is invalid. (See Appendix A for citation
on falsely reporting withdrawn/cancelled)
6.10
Contingencies
Any contingency or condition of any term in a listing
shall be specified and noticed to the Participants.
6.11
Detail on Listings Filed With the Service
All listings input into the MLS shall be complete in
every detail including full gross listing price, expiration date, compensation
offered to other broker participants and any other information required
to be included as determined by the MLS Council and approved by the Board
of Directors. Listings that are incomplete shall be ineligible for publication
in the MLS and subject to immediate removal.
6.12
Unilateral Contractual Offer/Subagency Optional
In filing a property with the, MLS the broker participant
makes a blanket unilateral contractual offer of compensation to the other
MLS broker participants for their services in selling the property. A broker
participant must specify some compensation to be paid to either a buyer’s
agent or a subagent and the offer of compensation must be stated in one,
or a combination of, the following forms 1) a percentage of the gross selling
price; or 2) a definite dollar amount.. At the broker participant’s option,
a broker participant may limit his or her offer of compensation to buyer’s
agents only, to subagents only, or make the offer of compensation to both.
Any such limitations must be specified on the property data sheet and in
the MLS. The amount of compensation offered to buyers’ agents or subagents
may be the same or different but must be clearly specified on the property
data profile sheet. Broker participants wishing to offer subagency to the
other MLS broker participants must so specify on the property data profile
sheet and on the MLS. Otherwise, the offer of compensation does not constitute
an offer of subagency.
6.13
Acceptance of Contractual Offer
The broker participant’s contractual offer (with or without
subagency) is accepted by the participant/selling broker by procuring a
buyer which ultimately results in the creation of a sales or lease contract.
Payment of compensation by the listing broker to the participant/cooperating
broker under this section is contingent upon either l) the final closing;
or 2) the participating/listing broker’s receipt of monies resulting from
the seller’s or buyer’s default of the underlying sales or lease contract.
Notwithstanding this section, the listing broker and/or cooperating broker
shall still retain any remedies they may have against either the buyer or
seller due to default under the terms of the purchase agreement, listing
agreement or other specific contract. Any dispute between participants arising
out of this section shall be arbitrated under Section 15 of these Rules
and shall not be considered a rules violation.
6.14
Consent to Act as Dual Agent
By offering compensation and/or subagency to broker participants,
the listing broker is not automatically representing that the seller has
consented to the cooperating broker acting as a dual agent representing
both the buyer and the seller. No cooperating broker shall act as both an
agent of the buyer and the seller without first contacting the listing broker
and ascertaining that the seller has consented to such dual agency.
6.15
Estate Sale, Probate, Bankruptcy and Lender Approval Bankruptcy Listings
6.15.1 Estate Sale,
Probate Listings and Bankruptcy Listings
Compensation offered through the MLS to cooperating
brokers on estate sale, probate or bankruptcy listings is for the amount
published therein as long as the cooperating broker produces the contract
which is ultimately successful and confirmed by the court, if court
confirmation is required. In the event the contract produced by the
cooperating broker is overbid in court and the overbid contract is confirmed,
the original cooperating broker shall receive the amount of compensation
specified as "unconfirmed cooperating broker’s compensation" or "u.c.b."
in the Property Data Profile Sheet and on the MLS. For estate sale or
probate listings, the compensation offered through the Service under
these rules and this section shall be considered an agreement as referred
to in California Probate Code Section 10165 and will therefore supersede
any commission splits provided by statute when there is no agreement.
This section contemplates that estate sale, probate judges have broad
discretion and therefore are not intended as a guarantee of a specific
result as to commissions in every probate sale.
6.15.2 Lender Approval
Listings
Compensation offered through the MLS to cooperating
brokers on listings which require lender approval (commonly referred
to as "short sale" listings) is for the amount published therein unless
the listing broker indicated on the MLS the following: a) the fact that
the sale and gross commission are subject to lender approval; and b)
the amount or method by which the compensation offered through the MLS
will be reduced if the lender reduces the gross commission.
6.16
Changes to Offer of Compensation by Listing Broker to all Broker Participants
The listing broker may from time to time adjust the published
compensation offered to all MLS broker participants with respect to any
listing by changing the compensation offered on the MLS or providing written
notice to the MLS of the change. Any change in compensation will be effective
after the change is published in the MLS, either through electronic transmission
or printed form, whichever occurs first.. The listing broker may revoke
or modify the offer of compensation in advance as to any individual broker
participant in accordance with general contract principles but in no event
shall the listing broker revoke or modify the offer of compensation without
the cooperating broker’s consent later than the time the cooperating broker
(a) physically delivers or transmits by fax or e-mail to the listing
broker a signed offer from a prospective buyer to purchase the property
for which the compensation has been offered through the MLS, or (b) notifies
the listing broker in person or by telephone, fax or e-mail that the cooperating
broker is in possession of a signed offer from a prospective buyer to purchase
the property for which the compensation has been offered through the MLS
and is awaiting instructions from the listing broker as to the manner of
presentation or delivery of that offer. Any independent advance revocations,
modifications of the offer or agreements between real estate brokers are
solely the responsibility of such brokers and shall not be submitted to,
published by, or governed in any way by the Service.
6.17
Broker participant or Real Estate Subscriber as Principal
If a listing broker has any interest in property, the
listing of which is to be disseminated through the Service, that person
shall disclose that interest on the MLS.
6.18
Multiple Unit Properties
All properties which are to be sold or which may be sold
separately must be indicated individually in the MLS and will be published
separate. When part of a listed property has been sold the listing broker
shall input the appropriate changes on the MLS.
6.19
Expiration, Extension and Renewal of Listing
Listings shall be removed from the MLS database on the
expiration date specified on the listing unless the listing is extended
or renewed by the listing broker. The listing broker shall obtain written
authorization from the seller(s) before filing renewal of a listing. All
renewals received after the expiration date of the original listing shall
be treated as a new listing and will be subject to any fees applicable to
a new listing. At any time and for any reason, the MLS
has the right to request a copy of the seller’s written authorization to
extend or renew a listing. If a listing broker is requested to provide a
copy of such authorization and does not do so within 24 hours of the request,
the listing shall be subject to immediate removal from the MLS. (See Citation
Assessment Appendix A)
6.20
Listings of Participants or Subscribers Suspended, or Expelled or Resigned
6.20.1 Failure to
Pay MLS Fees/Resignation
When a participant or subscriber is suspended or
expelled from the Service for failure to pay MLS fees, charges, or fines,
or if the participant or subscriber resigns from the Service, the MLS
shall cease to provide services to such participant or subscriber, including
continued inclusion of listings in the MLS compilation of current listing
information. In the event listings are removed from the MLS pursuant
to this section, it shall be the sole responsibility of the participant
to notify the seller(s) that the property is no longer listed in the
MLS. (See appendix A for payment of fines and challenging fine).
6.20.2 Violation
of MLS Rules
When a participant or subscriber is suspended or
expelled from the service for a violation of the Association MLS Rules
and Regulations, the MLS shall cease to provide services to such participant
or subscriber except that the listings in the MLS at the time of suspension
or expulsion shall, at the suspended or expelled participant’s option,
be retained in the MLS compilation of current listing information until
sold, withdrawn or expired, and shall not be renewed or extended by
the MLS beyond the termination date of the listing agreement in effect
when the expulsion became effective. In the event t listings are removed
from the MLS pursuant to this section, it shall be the responsibility
of the participant to notify the seller(s) that the property is no longer
listed in the MLS.
6.21
No Control of Commission Rates or Fees Charged by Participants
The MLS shall not fix, control, recommend, suggest, or
maintain commission rates or fees for services to be rendered by participants.
Further, the MLS shall not fix, control, recommend, suggest, or maintain
the division of commissions or fees between cooperating participants or
between participants and non-participants.
6.22
Dual or Variable Rate Commission Arrangements
The existence of a dual or variable commission arrangement
shall be disclosed by the listing broker by a key, code or symbol as required
by the MLS. A dual or variable rate commission arrangement is one in which
the seller agrees to pay a specified commission if the property is sold
by the listing broker without assistance and a different commission if the
sale results through the efforts of a cooperating broker, or one in which
the seller agrees to pay a specified commission if the property is sold
by the listing broker either with or without the assistance of a cooperating
broker and a different commission if the sale results through the efforts
of a seller. The listing broker shall, in response to inquiries from potential
cooperating brokers, disclose the differential that would result in either
a cooperative transaction or, alternatively, in a sale that results through
the efforts of the seller.
6.23
Right of Listing Broker and Presentation of Counter Offers
The listing broker has the right to participate in the
presentation of any counter-offer made by the seller or lessor. The listing
broker does not have the right to be present at any discussion or evaluation
of a counter-offer by the purchaser or lessee (expect where the cooperating
broker is a subagent). However, if the purchaser or lessee gives written
instructions to the cooperating broker that the listing broker not be present
when a counter-offer is presented, the listing broker has the right to a
copy of the purchaser’s or lessee’s written instructions.
7. DOCUMENTATION/PERMISSION/ACCURACY
OF INFORMATION
7.1
Listing Agreement and Seller’s Permission
Prior to inputting a listing to the Service, the listing
broker shall obtain the written agreement of the seller expressly granting
the listing broker authority to: l) file the listing with the Service for
publication and dissemination to those authorized by the MLS; 2) act as
an agent for the seller; 3) abide by the rules of the Service; 4) provide
timely notice of status changes of the listing to the Service; 5) provide
sales information including selling price to the Service upon sale of the
property for publication and dissemination to those authorized by the MLS;
and 6) publish sales information after the final closing of a sales transaction
in accordance with these MLS Rules (See Section 9.2).
7.2
Written Documentation
Listing brokers filing listings with the Service shall
have a written listing agreement with all necessary signatures in their
possession. Only listings that create an agency relationship between the
seller and the broker participant are eligible for submission to the Service.
By inputting a listing to the Service, broker participants and real estate
subscribers represent that they have in their possession such written agreements
establishing agency and the represented type of listing agreement. The Service
shall have the right to demand a copy of such written listing agreements
and verify the listing’s existence and adequacy at any time. The Service
shall also have the right to demand a copy of seller’s written authorization
required under these rules. If the broker participant or real estate subscriber
fails to provide documentation requested by the Service within 24 hours,
the Service shall have the right to immediately withdraw any listings from
the database in addition to disciplining the participant and subscriber
for a violation of MLS Rules.
7.3
Accuracy of Information Responsibility of Accuracy
By inputting the information into the MLS computer database,
the listing broker represents that the input is accurate to the best of
the listing broker’s knowledge. The listing broker shall use good faith
efforts to determine the accuracy of the information and shall not submit
or input information, which the listing broker knows to be inaccurate. Upon
receipt of the first publication or electronic transfer by the MLS of such
information, the listing broker shall make all necessary corrections. The
MLS merely publishes the MLS information and has no affirmative responsibility
to verify the accuracy of the MLS information. The MLS, however, reserves
the right to require participants and subscribers to change their MLS information
if the MLS is made aware of alleged inaccuracies in the MLS information
and the MLS determines that such inaccuracies due in fact exist. If a participant
or subscriber fails to make necessary or required corrections to their MLS
information, the participant and subscriber shall indemnify and hold harmless
the service for any claims, cost, damages or losses, including reasonable
attorney fees and court costs, incurred by the MLS as a result of failure.
In no event will the MLS be liable to any MLS participant, subscriber or
any other party for any indirect, special or consequential damages arising
out of any information published in the MLS and all other damages shall
be limited to an amount not to exceed the MLS fees paid by the listing broker.
7.4
Input Defined
All references or use of the word "input" shall also
include information which is submitted to the MLS for input in the MLS data
base by the MLS staff, whether such information was provided to the MLS
staff on a "property data form" or otherwise. The data fields are to be
used only for the information specified (on the Input Sheet) for that data
field. (See appendix A for citation)
7.5
Buyer, Seller Purchase and Sale Defined
All references to the buyer shall also include. All references
to the seller shall also include lessor. All references to a purchase shall
also include a lease. All references to a sale shall also include a lease.
8. SELLING PROCEDURES
8.1
Showings and Negotiations
Appointments for showings and negotiations with the seller
for the purchase of listed property filed with the Service shall be conducted
through the listing broker except under the following circumstances:
- the listing broker gives the cooperating broker specific authority
to show and/or negotiate directly with the seller, or
- after reasonable effort and no less than 24 hours, the cooperating
broker cannot contact the listing broker or his representative. However,
the listing broker, at his option, may preclude such direct negotiations
by the cooperating broker by giving notice to all participants through
the MLS.
In the event all showings and negotiations will be conducted solely by
the seller, the listing broker shall clearly set forth such fact on the
first line of the "Remarks" section of the listing information published
by the Service. (See Citation Assessment, Appendix A)
8.2
Presentation of Offers
The listing broker must make arrangements to present
the offer as soon as possible or give the cooperating broker a satisfactory
reason for not doing so. In the event a listing broker will not be participating
in the presentation of offers, the listing broker shall clearly indicate
this fact .in the listing information published by the service.
8.3
Submission of Offers
The listing broker shall submit to the seller all offers
until closing unless precluded by law, governmental rule or expressly instructed
by the sellers otherwise.
8.4
Right of Cooperating Broker in Presentation of Offer
The cooperating broker has the right to participate in
the presentation of any offer to purchase he secures. The cooperating broker
does not have the right to be present at any discussion or evaluation of
that offer by the seller and the listing broker. However, if the seller
gives written instructions to the listing broker requesting that the cooperating
broker not be present when an offer the cooperating broker secured is presented,
the cooperating broker shall convey the offer to the listing broker for
presentation. In such event, the cooperating broker shall have the right
to receive a copy of the seller’s written instructions from the listing
broker. Nothing in this section diminishes or restricts the listing broker’s
right to control the establishment of appointments for offer presentations.
8.5
Change of Compensation Offer by Cooperating Broker
The cooperating broker shall not use the terms of an
offer to purchase to attempt to modify the listing broker’s offer of compensation
to agents nor make the submission of an executed offer to purchase contingent
on the listing broker’s agreement to modify the offer of compensation. However,
failure of a cooperating broker to comply with this rule shall not relieve
a listing broker of the obligation to submit all offers to the seller as
required by Section 8.3.
8.6
Cooperating Broker as a Purchaser
If a cooperating broker wishes to acquire an interest
in property listed with a listing broker, such contemplated interest shall
be disclosed to the listing broker prior to the time an offer to purchase
is submitted to the listing broker.
9. REPORTING SALES
AND OTHER INFORMATION TO THE SERVICE
9.1
Reporting of Sales
Listings with accepted offers shall be reported to the
MLS or input into the MLS database as "pending" within 72 hours of the acceptance
by the listing broker unless the negotiations were carried on under Section
8.1 (a) or (b) in which case the cooperating broker shall report to the
MLS or input the listing in the MLS as "pending" and send copy to the listing
changed status to the listing broker within 72 hours after acceptance. The
listing shall be published on the MLS as pending with no price or terms
prior to the final closing. Upon final closing, the listing broker shall
report or input the listing as "sold" within 72 hours of the final closing
date. Listings which were not input into the MLS as a result of seller’s
instructions may be input into the MLS "sold" data at the listing broker’s
option. Failure to report pending within the required time will result in
a citation. (See Appendix A).
9.2
Reporting Cancellation of Pending Sale
The listing broker shall report immediately to the Service
the cancellation of any pending sale and the listing shall be reinstated
immediately as long as there is still a valid listing. Failure to report
within the required time will result in a citation (See Appendix A).
9.3
Refusal to Sell
If the seller of any listed property filed with the Service
refuses to accept a written offer satisfying the terms and conditions stated
in the listing, such fact shall be transmitted immediately to the Service
and to all participants.
9.4
Reporting Resolutions of Contingencies
The listing broker shall report to the MLS within 72
hours that contingency on file with the MLS has been fulfilled or removed.
Failure to report within the required time will result in a citation (See
Appendix A).
10. OWNERSHIP OF
MULTIPLE LISTING SERVICE COMPILATIONS AND COPYRIGHTS
10.1
MLS Compilation Defined
The term "MLS compilation" includes, but is not limited
to, the MLS computer database, downloaded data, all printouts of data from
the MLS computer database, and all MLS publications.
10.2
Active Listing MLS Compilation Defined
"Active listings MLS compilation" shall mean that portion
of the MLS compilation that includes listings currently for sale and all
other indexes and other information relating to the current information.
10.3
Comparable Data MLS Compilation Defined
"Comparable data MLS compilation" shall mean that portion
of the MLS compilation that includes the off market data, sold and appraisal
information regarding properties that are not currently for sale and all
indexes and information relating to the sold information compilation.
10.4
Authority to put Listings in MLS Compilation
By submitting any property listing data form to the MLS
or inputting listing information into the MLS compilation, participants
and subscribers represent that they have been authorized to grant and also
thereby do grant authority for the A.O.R. to include the property listing
data in its copyrighted MLS compilation. By submitting any property listing
data form to the MLS, participant and subscriber represent that they have
been authorized to report information about the sales, price and terms of
a listing, have authority to grant and also thereby do grant authority for
the A.O.R. to include the sold information in its copyrighted MLS compilation.
10.5
Photographs on the MLS
By submitting photographs to the MLS, the participant
and/or subscriber represents and warrants that it either owns the right
to reproduce and display these photographs and/or has procured such rights
from the appropriate party, and has the authority to grant and hereby grants
the MLS and other participants and subscribers the right to reproduce and
display the photographs in accordance with these rules and regulations.
Photos with e-mail and/or website addresses are not allowed in the MLS.
(See Citation Appendix A)
10.6 Copyright Ownership
All right, title, and interest in each copy of every
MLS compilation created and copyrighted by the A.O.R. and in the copyrights
therein, shall at all times remain vested in the A.O.R. The A.O.R. and MLS
shall have the right to license such compilations or portions thereof to
any entity pursuant to terms agreed upon by the Board of Directors.
10.7
Leasing of MLS Compilations
Each Participant shall be entitled to lease from the
A.O.R. the number of copies of each MLS compilation of active listing information
sufficient to provide the participant and subscriber with one copy of such
MLS compilation. Participants and subscribers shall acquire by such lease
only the right to use the MLS compilations in accordance with these rules.
Clerical users may have access to the information solely under the direction
and supervision of the participant or subscriber. Clerical users may not
provide any MLS compilation or information to persons other than the participant
or the subscriber under whom the clerical user is registered.
- PROHIBITIONS
AND REQUIREMENTS
11.1 Notification of California
Department of Real Estate (DRE) or California Office of Real Estate
Appraisers (OREA) Action
Participant and subscriber are required to notify the
MLS within 24 hours of any final action taken by the DRE (OREA) against
the participant, subscriber or any licensee affiliated with the participant
or subscriber including, but not limited to and final decisions restricting,
suspending or revoking a real estate license or appraisers certification
or license of a participant, the participant’s firm or corporation under
which the participant or subscriber acts, or any licensee affiliated with
the participant or the participant’s firm or licensee or appraiser who was
affiliated with the participant or participant’s firm at the time of the
underlying act.
11.2
Violations of the Law
If a participant, subscriber, appraiser or a licensee
affiliated with a participant or subscriber commits a felony or a crime
involving moral turpitude or violates the Real Estate Law or the laws relating
to appraisers, the participant and subscriber shall be in violation of this
section. However, a participant or subscriber shall not be found to have
violated this section unless the participant, subscriber, appraiser or salesperson
licensed to the Participant, has been convicted, adjudged, or otherwise
recorded as guilty by a final judgment of any court of competent jurisdiction
of l) a felony; or (2) a crime involving moral turpitude; or 3) on a determination
by any court of competent jurisdiction, or official of the State of California
authorized to make the determination, that the participant or subscriber
violated a provision of the California Real Estate Law or Regulation of
the Real Estate Commissioner or laws relating to appraisers.
11.3 Supervision of Licensees
and Appraisers
In addition to the notification requirements of paragraph
11.1, a participant may not allow any licensee under the participant’s license
whose license has been revoked, suspended or restricted by the DRE to use
the MLS in any manner while the DRE discipline is in effect except that
the licensee may use the MLS under a restricted license providing such use
is consistent with and does not violate such license restrictions.
11.4 Solicitation of Listing
Filed with the MLS
Participants and subscribers shall not solicit a listing
filed with the Service unless such solicitation is consistent with Article
16 of the N.A.R. Code of Ethics, its Standards of Practice and its Case
Interpretations. The purpose of this section is to encourage sellers to
permit their properties to be filed with the Service by protecting them
from being solicited through unwanted phone calls, visits and communications,
prior to expiration of the listing, by brokers and salespersons seeking
the listing upon its expiration. This section is also intended to encourage
brokers to participate in the Service by assuring them that other participants
and subscribers will not attempt to persuade the seller to breach the listing
agreement or to interfere with the listing broker’s attempts to market the
property. This section does not preclude solicitation of listings under
circumstances otherwise permitted under Article 16 of the N.A.R. Code of
Ethics its Standards of Practice and its Case Interpretations.
11.5 Misuse of Remarks
Participants and subscribers may not use the remarks
in a property data profile sheet or listing submitted to the MLS or inputted
directly into the MLS database for purposes of disparaging other real estate
agents or conveying information about other offices or for conveying any
other information that does not directly relate to the marketing of the
listing.
- No agent information is to appear in the first three lines of the
remarks.
- No reference to title or escrow shall be in the remarks section
of any MLS listing.
- Agents that refer to "when offers will be presented" in the remarks,
must update change in presentation date and time prior to four (4) hours
of the new date and/or time of presentation.
11.6 "For Sale" Signs
Only the "For Sale" signs of the listing broker may be
placed on the property.
11.7 "Sold" Signs and Use
of the term "Sold."
Only broker participants or real estate subscribers who
participated in the transaction as the listing broker or cooperating broker
may claim to have "sold" the property. Prior to closing, a cooperating broker
may post a "sold" sign on a property only with the consent of the listing
broker. This section does not, however, prohibit any broker from advertising
the addresses and prices of the properties that have sold in a neighborhood
after the information regarding the properties has been published as long
as the advertisement otherwise presents a "true picture". As is meant under
Article 12 of the N.A.R Code of Ethics, its Standards of Practice and its
Case Interpretations.
11.8 Advertising of Listing
Filed with the MLS
A listing shall not be advertised by any participant
or subscriber, other than the listing broker, without the prior consent
of the listing broker.
11.9 Limitations on Use of
Association or MLS Information in Advertising
Except as provided in Section 11.7 11.15 and 11.18, truthful
use of information from the MLS compilation of current listing information
from the A.O.R. "Statistical Report" or from a "sold" or "comparable" report
of the A.O.R. or MLS for public mass media advertising by an MLS participant
or subscriber or in other public representations for purposes of demonstrating
market share is not prohibited. However, any print or non-print forms of
advertising or other forms of public representations must clearly demonstrate
the period of time over which such claims are based and must include the
following, or substantially similar, notice:
Based on information from the Bay East Association of
REALTORS® (alternatively, from the A.O.R. MLS for the period (date) through
(date).
11.10 False or Misleading
Advertising and Representations
Participants and subscribers may not engage in false
or misleading advertising, including, but not limited to, advertisements
or representations regarding the participant’s or subscriber’s relationship
to the Service, about the Service itself, or about any property listed with
the Service.
11.11 Use of MLS Information
In recognition that the purpose of the MLS is to market
properties and offer compensation to other broker participants and real
estate subscribers for the sole purpose of selling the property, and that
sellers of properties filed with the Service have not given permission to
disseminate the information for any other purpose, participants and subscribers
are expressly prohibited from using MLS information for any purpose other
than to market property to bonafide prospective purchasers or to support
market evaluations or appraisals as specifically allowed by Section 11.14,
11.15, and 11.16. Any use of the MLS information inconsistent with these
sections is expressly prohibited. Nothing herein in this section, however,
shall limit the A.O.R. from entering into licensing agreement with MLS participants
and subscribers or other third parties for use of the MLS information.
11.12 Confidentiality of
MLS Information
Any information provided by the Service to the participants
and subscribers shall be considered and treated as confidential by participants
and subscribers and shall be for the exclusive use of the participants and
subscribers for purposes described in Section 11, 1.7 & 11.11 11.14 11.15,
11.16 and this section. Participants and subscribers shall at all times
maintain control over and responsibility for each copy of any MLS compilation
leased to them by the A.O.R. and shall not distribute any such copies to
persons other than participants and subscribers. Participants and subscribers
are responsible for the security of their pass codes and shall not give
or allow use of or make available their pass codes to any person. Participants
and subscribers may reproduce or display the information as provided in
these rules.
11.12.1 Clerical Users
Clerical users may have access to information solely
under the direction and supervision of the participant or subscriber.
Clerical users may not provide any MLS information to persons other
than the participant or subscriber under whom the clerical user is registered.
11.13 Access to Comparable
and Statistical Information
A.O.R. members who are actively engaged in real estate
brokerage, management, mortgage financing, 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 current
listing information that is generated wholly or in part by the MLS including
‘comparable’ information, ‘sold’ information, and statistical reports. This
information is provided for the exclusive use of Association Members and
individuals affiliated with A.O.R. members who are also engaged in the real
estate business and may not be transmitted, retransmitted or provided in
any manner to any unauthorized individual, office or firm except as otherwise
specified in these rules and regulations.
11.14 Display
Subject to Sections 11.5 and 11.16 broker participants
and real estate subscribers, shall be permitted to display the MLS compilation
in either electronic or printed format to specifically identified and bonafide
prospective purchasers only in conjunction with their ordinary business
activities or attempting to locate ready, willing and able buyers for the
properties described in said MLS compilation. Broker participants and real
estate subscribers shall be permitted to display the MLS compilation in
either electronic or printed format to specifically identified and bonafide
sellers or prospective sellers only in conjunction with their ordinary business
activities in listing properties. Appraiser participants and appraiser subscribers
shall be permitted to display the MLS compilation to the person requesting
the appraisal only in conjunction with their ordinary business activities
of producing a written appraisal. Such displays under this section shall
be only in the immediate presence of the participant or subscriber.
11.14.1 Clerical Users
Clerical users are expressly prohibited from displaying
MLS information to anyone other than the participant or subscribers
under whom the clerical user is registered.
11.15 Reproduction
"Reproduction" shall include, but not be limited to,
making photocopies, computer printouts, electronic transfers, (including
email) or downloading of MLS data or compilations. Participants and subscribers
or their affiliated licensees shall not reproduce any MLS compilation or
any portion thereof except in the following limited circumstances:
11.15.1 Copies to Prospective Purchaser
Broker participants and real estate subscribers may
reproduce from the MLS compilation, and distribute to prospective real
estate purchasers, copies of those portions of the MLS compilation consisting
of a description of the property including the address, features, financing
and price.
11.15.2 Information Reproduced
Unless the participant or subscriber obtains prior
written consent from the listing broker, the information reproduced
pursuant to this section shall not include the following:
- Property owner’s name, phone number, and address (if different than
the listed property);
- Showing instructions including any references to a lockbox, burglar
alarm or any security system, or to the vacancy of the property;
- Type of listing;
- Compensation or bonuses offered to subagents and cooperating brokers.
- Other information which goes beyond a description of the property
11.15.3 Copies for Appraisals
Participants and subscribers may reproduce from the
MLS compilation and attach to an appraisal as supporting documentation
copies of those portions of the MLS compilation consisting only of such
information on properties necessary to support a written appraisal or
estimate of value on a particular property.
11.15.4 Downloading into Computers
Participants and subscribers may download MLS information
into a computer or computer system as long as:
- Access to the computer receiving the information is strictly limited
to authorized participants, subscribers and clerical users as defined
in these rules; and
- The information is only retransmitted to the participants, subscribers
and clerical users as defined in these rules and
.
- The information is not reformatted or used to create another product
except as may be used by the participant who downloaded the data and
such use strictly complies with sections 11.7 and 11.11, 11.15 and 11.16.
11.15.5 Sold Information
Individuals legitimately in possession of current
listing information, ‘sold’ information, ‘comparables’ or statistical
information may utilize such information to support an estimate of a
value on a particular property for a particular client. However, only
such information that a the MLS has deemed to be non-confidential
and necessary to support the estimate of value may be reproduced and
attached to the report as supporting documentation. Any other use of
such information is unauthorized and prohibited by these rules and regulations.
11.16 Listing Information
on the Internet
- Notwithstanding anything in these rules and regulations to the contrary,
participants and subscribers may not download, display or reproduce
the listings of other participants and subscriber on the Internet in
any manner whatsoever without the prior written consent of the listing
broker. Consent is assumed unless affirmatively withheld by the listing
broker. Participants and subscribers may download, display, or reproduce
their own listing information on the Internet. The purpose of this section
is to insure the confidentiality of the active listing MLS compilation
and to prevent unauthorized use or unauthorized advertising of the active
listing without the listing broker’s consent. This section does not
prohibit participants and subscribers from linking their own Internet
sites to other Internet sites where other brokers’ listings may be advertised
or where MLS information may be licensed provided such linking does
not constitute false or misleading advertising and otherwise presents
a "true picture" as is meant under Article 12 of the N.A.R. Code of
Ethics, its Standards of Practice and its Case Interpretations.
- The listing broker’s consent for such internet display is presumed,
in satisfaction of Rule 11.8, unless a listing broker affirmatively
notifies the MLS that the listing broker refuses to permit display on
a listing-by-listing basis.
- All listings on a participant‘s or subscriber’s site or displayed
by framing or other electronic means, shall identify the name and telephone
number of the firm and the name and telephone number of the listing
agent.
- The firm name and telephone number and agent name and telephone
number shall appear directly under the listing price of the property
displayed and it shall be in at least the same font size, the same color
and same typeface as the displayed listing price.<
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