Citations and penalties from MLS


  • By
  • | 12:00 p.m. June 13, 2006
  • Realty Builder
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Citations

A citation, which carries a small fine, can be issued for the following violations:

Using street name field for advertising

Listing multiple floor plans on same lot

Missing required field information

Incorrect credit for a sale

Late listing

Late status change

Late price change, extension, or change in terms

Contact info in directions, public remarks, photo(s) or virtual tours

Mobile or manufactured home not identified as such.

Release of confidential or private information

Failure to disclose proper listing type

Failure to post commission as a dollar amount or a per cent

Failure to disclose broker/licensee as owner

Failure to notify of a change in member status

Major penalties

A major penalty carries a large fine and can result from one of these violations:

Deliberate removal of address information from expired listings

Failure to put a listing in withdrawn status if not available for showing

False depiction of a property via photo or virtual tour

Failure to disclose Variable/Dual Rate commission

Failure to disclose other variations on commission

Failure to correct a violation after being notified

Falsely submitting a listing

Failure or refusal to submit a listing

Falsely extending a listing

Failure to comply with IDX rules

Failure to comply with VOW rules

Failure to notify of sellers intent to not compensate coop broker

Failure to respond to a request for information from NEFMLS

Unauthorized access

 

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