In an effort to emphasize member education over fines, the HiCentral MLS Board of Directors has approved the following changes to the MLS fine structure for status change and prohibited information violations:

Sharing Password Violation

$1,000 fine for sharing MLS system User Name and Password.

 

Status Change Violation

Late reporting of Active, Active Continue to Show, Pending, and Sold Status changes of a listing.

First violation

If it's your first status-change violation, you will receive a violation notice via e-mail notifying you of a mandatory MLS Rules and Regulations education requirement, which must be completed within 60 days. If you are unable to complete the education requirement, you will be assessed a $300 fine. The education requirement is for the first violation only.

Second violation

$100 fine

Third and subsequent violation

$300 fine

Annual reset as of Jan. 1.

 

Prohibited Information (Contact Information) Violation

Fine will be waived if compliance is verified within four calendar days of the Notice of Violation. If prohibited information is not removed within four calendar days, the following fines will be assessed:

First violation

$100 fine

Second violation

$300 fine

Annual reset as of Jan. 1.

 

All Other Violations

First violation

$100 fine

Second and subsequent violation

$300 fine

Annual reset as of Jan. 1.

 

The HiCentral MLS, Ltd. Board of Directors recognizes the value of having information that is accurate and timely. An assessment of a fine is intended to encourage all MLS subscribers to be good stewards of the MLS and to promote compliance with the MLS Rules and Regulations.

 

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