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Penalty Fees & Fines
Printable Document

MLS Reinstatement Fee for Offices Suspended for Non-Payment
First Reinstatement $100.00
Second Reinstatement $250.00
Third Reinstatement (Within a Calendar Year) $500.00
     
Photo Fines
7 Day Fine - Applied when "Realtor Submit photo" is not submitted within 7 days. $50.00
Submitting a Property Photo w/ Agent or Office Branding
(Increases $50 for each subsequent offense)
$50.00 1st offense
$100.00 2nd offense
Inappropriate/Indecent Photo Upload $2500
Failure to submit at least one exterior photo for all property categories except Vacant Land $25
     
IDX Fines
Data Posting Violation $500.00 per occurrence
Unauthorized Use
(as described in Section 14 of MLS Rules and Regulations)
$500.00 per occurrence
Site Registration Violation $50.00 per occurrence
     
Listing/Membership Fines
Failure to report to MLS, all licensees in office $100.00 ea. + back billing
Giving Out Agent ID & Password to Unauthorized Users
(including non-members & clients)
$1,000 per offense
Reporting Late Listings $100.00 per day *
Reporting Late Price Changes $25.00 for 1-5 days
$5 per day thereafter
Reporting Late Pendings $25.00 for 1-5 days
$5 per day thereafter
Reporting Late Off-Markets (deal-fell, withdrawal) $25.00 for 1-5 days
$5 per day thereafter
Reporting Late Closings $25.00 for 1-5 days
$5 per day thereafter
Reporting Late Changes in Listing Contract $25.00 for 1-5 days
$5 per day thereafter
Incomplete or incorrect Listing Contract $25.00 per item
Incorrect listing date or expiration date entered $50.00
Incomplete Listings - Required Keywords & Features $3.00 per item
Entering Promotional Information in Remarks Section $50.00 per offense
For Failure to Report "terms of sale" in Remarks Section $25.00
Reporting Incorrect selling and/or off market information $25.00
For any extended listing, extended without sellers' signature $100.00 per offense
For Failure to provide MLS with requested documentation
within allotted time
$100.00 per day
For Failure to express clearly, compensation offered to
selling broker and buyers broker
$25.00
Inaccurate "Broker Assisted Sale" Sold Information $100.00
Rules & Regulations Violation - for fines not specified
(Lag policy may apply if violation is not rectified)
$50.00 per violation
     

* Maximum of $500 for the first offense, $1,000 for the second offense, $2,500 for the third offense and each thereafter.


Updated: 1/8/07

 


 
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