MLS Fines and Fees
Duluth Area MLS Fines and Fees
MLS STAFF INPUT PHOTO
A fee of $5.00/photo will be charged for the MLS staff to input pictures into the system.
MLS STAFF UPDATE INFORMATION
There is a charge of $2.50 for the MLS staff to make changes to your listings, with the exception of Cancelled, Withdrawn and Hold-No Show listings. It is the listing agent’s responsibility to mark Withdrawn and Hold-No Show listing back to active when needed. There is a charge of $10.00 for the MLS staff to input a listing for an agent/office.
HOLD/NO SHOWING LISTINGS
A fine of $500 will be levied for the listing agent/office allowing a showing on a Hold-No Showing listing. These listings will not appear as active until the status is changed to active. While the MLS office changes the listing to the Hold-No Show status, it is the listing agent’s responsibility to change the status to active.
A fine of $50 will be levied for having an active listing in the MLS with a notation in the remarks or addendum that states that no showings will be allowed until a certain date.
PERSONAL PROMOTION IN THE REMARKS/ADDENDUM SECTION
The agent will be notified of the personal promotion and will have two days to remove the remark. If the remark is not removed, MLS Staff will remove the remark and a fine of $50.00 will be levied.
REQUEST OF DOCUMENTATION
The requested documentation must be provided within 2 business days after request has been made. If the documentation is not received, a fine of $100/day will be assessed until the documentation is received by the MLS office. The tabulation for the fine will include weekends.
INVALID LISTING ENTERED IN THE MLS SYSTEM
Establish a $500 fine if a property is placed in the MLS and the listing office does not have a valid listing agreement. The listing will be deleted from the system and the fine levied.
LATE INPUT OF A LISTING:
Listings must be input within two business days of the date the listing is to begin.
If the listing is received in the mail from an out of town seller, the date received shall be the date received in the mail, as evidenced by the postmark on the envelope.
Any listing inputted after these time frames will be charged $50.00 per day for each day it is late. This tabulation includes weekends.
PROVIDING NONMEMBER ACCESS TO THE MLS
A fine of $2000 will be levied for providing the MLS access codes to a nonmember, excluding member office staff.
NO PICTURE:
Photos are required for single family residential, residential income and commercial properties in which the real estate is included.
You have three business days from the date input to provide a photo through the MLS. If the photo is not input within that time frame, a $20 fine will be levied. The fine will increase by $5.00 for each day the photo is missing.
NO PICTURE IN SOLD CD:
Quarterly Sold CDs $50 per listing. Year End Sold CDs $100 per listing.
FILING OF OFFICE EXCLUSIVE LISTING (OEX):
There is an administrative fee of $10 for filing an OEX listing. If an OEX is not filed within five calendar days of list date a fine of $50.00 will be assessed. The fine shall increase $50.00 per week for each week the OEX was not received.
INCOMPLETE/BLANK INFORMATION:
If listings appear in the MLS compilation with incomplete or improper information, a fine will be assessed as follows: $25 after 3 days. The fine will increase by $5.00/day for each day the incomplete/blank information appears in the compilation.
CHANGING THE STATUS OF A LISTING IN A TIMELY MANNER:
Any status change for a listing must be done within two (2) business days or a fine of $20.00/day for each day the change was not made will be imposed.
INCORRECT SOLD INFORMATION:
If sold information is inputted incorrectly, it should be brought to the attention of DAAR staff. The correct information will be entered and the listing company will received a $10 fine per listing.
EXTENDING LISTING WITHOUT SIGNED EXTENSION FORM: $50.00
A listing agent must have a signed extension form in hand, signed by the seller, prior to extending any listing. If the listing is extended without such a form, a fine of $50.00 will be imposed.
ALLOWING FILMING OF THE INTERIOR OF A LISTED PROPERTY WITHOUT THE LISTING BROKER’S PERMISSION:
Up to $500
ONCE FINES ARE ASSESSED AND APPEAR ON YOUR MLS STATEMENT, THEY MUST BE PAID UNLESS APPEALED TO THE MLS MANAGEMENT COMMITTEE. STAFF DOES NOT HAVE AUTHORITY TO WAIVE FINES. FINES MUST BE APPEALED IN WRITING TO THE ASSOCIATION OFFICE WITHIN 30 DAYS OF
THE DATE OF THE INVOICE. IF FINES ARE NOT APPEALED WITHIN THIS TIME FRAME, THEY MUST BE PAID.
Minnesota Arrowhead Fines and Fees
HOLD/NO SHOWING LISTINGS
A fine of $500 will be levied for the listing agent/office allowing a showing on a Hold-No Showing listing.
A fine of $50 will be levied for having an active listing in the MLS with a notation in the remarks or addendum that states that no showings will be allowed until a certain date.
PERSONAL PROMOTION IN THE REMARKS/ADDENDUM SECTION
A fine of $50/ occurrence will be instituted for placing personal promotions in the remarks or addendum. The agent will receive a warning letter.
LATE:
Listings must be input within seven days of the date the agreement is signed or the date the listing is to begin, whichever is later.
If the listing is received in the mail from an out of town seller, the date received shall be the date received in the mail, as evidenced by the postmark on the envelope.
Any listing inputted after these time frames will be charged $5.00 per day for each day it is late. This tabulation includes weekends.
PROVIDING NONMEMBER ACCESS TO THE MLS
A fine of $2000 will be levied for providing the MLS access codes to a nonmember, excluding member office staff.
NO PICTURE:
You have ten days from the date input to provide a photo through the MLS. After that time, a $5 fine will be assessed. You will be fined $10 for every 30 days after that date that the photo is not provided.
LATE FILING OF OFFICE EXCLUSIVE LISTING:
If an OEX is not filed within five calendar days of list date a fine of $50.00 will be assessed. After notification of the initial $50.00 fine, a fine of $50.00 per week shall be levied for each week the OEX is not received.
INCOMPLETE/BLANK INFORMATION:
If listings appear in the MLS with incomplete or improper information, a fine of $5.00 per listing will be assessed. This fine will continue until the information is completed.
INCORRECT SOLD INFORMATION:
If sold information is inputted incorrectly, it should be brought to the attention of DAAR staff. The correct information will be entered and the listing company will received a $10 fine per listing.
EXTENDING LISTING WITHOUT SIGNED EXTENSION FORM: $50.00
A listing agent must have a signed extension form in hand, signed by the seller, prior to extending any listing. If the listing is extended without such a form, a fine of $50.00 will be imposed.
PROVIDING MLS USER NAME AND PASSWORD TO A NONMEMBER: Up to $2,000.
ALLOWING FILMING OF THE INTERIOR OF A LISTED PROPERTY WITHOUT THE LISTING BROKER’S PERMISSION: Up to $500
ONCE FINES ARE ASSESSED AND APPEAR ON YOUR MLS STATEMENT, THEY MUST BE PAID UNLESS APPEALED TO THE MLS MANAGEMENT COMMITTEE. STAFF DOES NOT HAVE AUTHORITY TO WAIVE FINES. FINES MUST BE APPEALED IN WRITING TO THE ASSOCIATION OFFICE WITHIN 30 DAYS OF
THE DATE OF THE INVOICE. IF FINES ARE NOT APPEALED WITHIN THIS TIME FRAME, THEY MUST BE PAID.
