2013-2014 mfr fine structure
TRANSCRIPT
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Fine Structure &New Changes
EffectiveJanuary1,2014
12/5/13
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WHAT TO KNOW ABOUT FINES
Theres nothing fun about fines, but unfortunately to
maintain the integrity of the data, they often become a
necessary tool.Here is a helpful overview to assist you in
understanding the current MFR fines structure and the
new changes being implemented January 1, 2014.
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Uh ohTHERES AN ERROR!
In most instances, depending on the rule, we are able to provide
a violation warning versus an automatic fine. This gives you timeto correct the error before your account is assessed a fine.
In 2014, we will be extending the grace period for certain
violations, giving you additional time to correct the error.
Error Days to Correct in2013 Days to Correct in 2014Invalid Tax ID Format 24 Hours 3 Business Days
Missing Room Dimensions 24 Hours 3 Business Days
Invalid Virtual Tour 24 Hours 3 Business Days
Contact Info in Remarks 24 Hours 3 Business Days
URL in Remarks 24 Hours 3 Business Days
No photo 1 Business Day 3 Business Days
Invalid Directions 1 Business Day 3 Business Days
Branded Virtual Tour 1 Business Day 3 Business Days
Warning timeframes
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Warning timeframes cont.
Error Days to Correct in 2013 Days to Correct in 2014Incomplete Housing for Older
Persons
1 Business Day 3 Business Days
Incomplete Short Sale
Documentations
1 Business Day 3 Business Days
Invalid Address Field 1 Business Day 3 Business Days
Contact info in Directions 1 Business Day 3 Business Days
URL in Directions 1 Business Day 3 Business Days
Open House in Directions 1 Business Day 3 Business Days
Active with Backup in Remarks 1 Business Day 3 Business Days
Active with Backup in Directions 1 Business Day 3 Business Days
Active with No Showings in
Remarks
1 Business Day 3 Business Days
Active with No Showings in
Directions
1 Business Day 3 Business Days
Open House in Remarks Field 1 Business Day 3 Business Days
Active with Contract Listing
Procedure
1 Business Day 3 Business Days
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Warning timeframes cont.
Error Days to Correct in2013 Days to Correct in 2014
CBS Code in Remarks 3 Business Days
Combo Code in Listing 3 Business Days
Invalid Zip Code 3 Business Days
Invalid Address 3 Business Days
Invalid Sold Price 3 Business Days
Pending Listing with Past
Expected Closing; Excluding
Short Sales
5 Business Days 5 Business Days
If weve issued a warning and you havent corrected the error in the
allotted timeframe, your account will be assessed a 50 fine.
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Its AutomaticDue to the impact and severity of certain errors, MFR imposes automatic
fines. We encourage MLS users to watch closely as they input listings in the
MLS to avoid these errors.
Remember, the data in the MLS is only useful to its users if its accurate.
Error Amount Amount for Repeat OffendersInvalid Compensation $50 as of Jan 1, 2014 $100, $250, $ 500 within a 2
year period, 4thoffense = hearing
Incorrect Listing Status $100 $200 within a 2 year period. 4th
offense = $1,000 hearing
Closing out more than one
listing classification for the
same property
$100 $200 within a 2 year period. 4th
offense = $1,000 hearing
Failure to obtain owner(s) of
record signature
$500 $2500 each occurrence
Images not licensed or
purchased by the listing
agent
$100 $200, $500. 4thoffense =
$1,000 + a hearing.
Use of contact information $1000 $5,000 within a 2 year period
Errors with automatic fines.
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WHAT SHOULD YOU DO?
1
Ok, so youve gotten a fine. The two most important things to do are:
SoYOUVE GOTTEN A FINE
Correct the error. 2 Pay the fine.
Beginning February 1, 2014, listings not corrected will beassessed $25 each week, up to 30 days, in addition tothe original cost of the fine. It is important to not only paythe fine but to correct it as well.
Important
Note!
Fines paid, yet left uncorrected after 30 days will result in MLS account and access suspension.
Initial Fine Additional
Charge ifuncorrected
by Day 8
Additional
Charge ifuncorrected
by Day 15
Additional
Charge ifuncorrected
by Day 22
Additional
Charge ifuncorrected
by Day 29
Total Fine
$50 $25 $25 $25 $25 $150
Uncorrected Errors
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Allowing unauthorizedaccess to the MLS
Your access to the MLS is for only you!
Providing others with unauthorized access to
the MLS is automatic grounds for anadministrative hearing AND a fine of up to
$5,000 and/or suspension from the MLS.
THE ULTIMATE NO NO
We know mistakes happen, however repeat offenders for the same
error will have fines escalated after the first offense: $100 (2nd),
$250 (3rd
), $500 and automatic hearing (4th
) within a 2 year period.
Repeat Offenders
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Knowing the rules and regulations that govern the usage of the MLS will
certainly help you avoid encountering any of the errors and fines previously
listed.
To read the MLS rules and regulations in full visit:
http://mfrmls.myismart.com/pages/home
Our Call Center team is here to assist withquestions regarding fines and fine notices.
Phone: 800-686-7451
Email: [email protected]
Questions?
KNOW THE RULES
Call Center Hours of Operation
Monday Friday 7:30am 7:00pm Saturday 8:00am 6:00pm Sunday 9:00am 2:00pm
Appealing a Fine
Fines must be paid before a request for an appeal
can be made.
To request anappeal, click HERE
to complete the
online request form.
http://mfrmls.myismart.com/pages/homehttps://docs.google.com/forms/d/1ZHOE-1gee5zWFswU8XiroFg5iJKeLe2p3NbKI2Uibfo/viewform?pli=1https://docs.google.com/forms/d/1ZHOE-1gee5zWFswU8XiroFg5iJKeLe2p3NbKI2Uibfo/viewform?pli=1http://mfrmls.myismart.com/pages/home