Top MLS Compliance Fines
We've been hard at work ensuring the accuracy of your MLS data. We do our best to educate, remind and gently nudge agents to change their behavior or correct their listings, but sometimes, a fine becomes necessary. Here’s what topped the list for MLS compliance fines in the first quarter.
#1 - 4.2d Contact Info in a Public Field
Input of URLs, Agent, company, third party or seller contact information (including but not limited to; phone numbers, agent or company names, email addresses, open houses, website links, bank contacts, title company contacts, HOA contacts, directive to contact listing agent or owner, etc.) in any field not expressly marked for contact information. This includes, but is not limited to, the public and supplemental remarks fields, the directions field, and public documents. Contact information may ONLY be placed in the Broker Remarks field and/or other fields designated for contact information. $500 per occurrence (two business day grace period for the first offense and automatic fine for any offense thereafter).
#2 - 4.2a Login Sharing
Unauthorized use or disclosure of BMLS login information, the MLS Compilation, or any portion thereof, any listing information or statistical or comparable reports to an unauthorized third party. $5,000 per occurrence and MLS forces a password change (unless the person who logged in joins MLS as a subscriber, participant, or assistant within 14 days of the determined violation).
#3 - 4.1n Listing Without a Valid Agreement
If it is discovered that a Participant or Subscriber enters a listing into the BMLS system without a valid listing agreement the following fine will be assessed. 1st offense $1,000 per occurrence and 2nd offense $5,000 per occurrence.
Compliance Support Team
You can reach our Compliance Support Team by calling 561-353-9170 or by sending an email to compliance@rworld.com.