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NALMLS Disciplinary Report for January 2018

Posted on 02/15/2018

A reminder of how important it is to stay up to date on the latest NALMLS Rules & Regulations and the subsequent penalties that go along with them if the Rules and Regulations and/or Policies of the MLS are not followed. Penalties for violations of the NALMLS Rules & Regulations vary depending upon the TIER category of the violation.
Categories of Alleged Violations:
If a violation occurs, it will fall into one of the following categories:
1. Tier I, Non-Penalty Violations
2. Tier II, Penalty Violations
3. Tier III, Violations that incur an immediate fine
Below is a brief summary of the violations and subsequent fines for January 2018.
1.    Going past projected closing date = total of 15 each fine is $50
2.    Failure to mark listing as Contingent or Pending.  Status went directly from Active to SOLD = total of 2 each fine is $50
3.    Failure to update status (to Contingent/Pending) within required 2 working Days =total of 1 each fine is $50
4.    Advertising COMING SOON without a signed waiver=total of 1 each fine is $50
5.    No Photo=total of 1 each fine is $50
6.    failure to mark property as SOLD=total of 1 each fine is $50
7.    Tax ID number shows as an X-incorrect listing data=total of 1 each fine is $50
8.    failure to report a property as SOLD-total of 1 each fine is $50
9.    Failure to submit Random Audit =total of 1 each fine is $250
10.  Invalid Owner Name=total of 2 each fine is $50
NALMLS Rule SECTION 1.2 DETAILS FOR LISTINGS FILED WITH THE SERVICE regarding Status Changes:   
For withdrawn, contingent, pending, leased, or sold must be reported to the multiple listing service by the listing subscriber within 2 working days after they have occurred. No new listing may be added and immediately changed to a SOLD status without first changing the status to either contingent or pending in order to allow the normal progression of history to occur for each listing.
 
– Date: 1/4/2018 / Alleged Violation: Projected closing date has passed. / Fine Amount: $50.00
– Date: 1/4/2018 / Alleged Violation:   Projected closing date has passed. / Fine Amount:  $50.00
– Date:  1/4/2018 / Alleged Violation:   Projected closing date has passed. / Fine Amount:  $50.00
– Date: 1/4/2018 / Alleged Violation:   Projected closing date has passed. / Fine Amount: $50.00
– Date: 1/4/2018 / Alleged Violation:   Failure to mark listing as Contingent or Pending.  Status went directly from Active to SOLD / Fine Amount: $50.00
– Date: 1/4/2018 / Alleged Violation:   Failure to mark listing as Contingent or Pending.  Status went directly from Active to SOLD / Fine Amount: $50.00
– Date:  1/4/2018 / Alleged Violation:   Failure to update status (to Contingent/Pending) within required 2 working Days / Fine Amount: $50.00
– Date: 1/15/2018 / Alleged Violation:   Projected closing date has passed. / Fine Amount: $50.00
– Date: 01/17/2018 / Alleged Violation:   Advertising COMING SOON without a signed waiver $50.00 / Fine Amount: $50.00
– Date:  01/18/2018 / Alleged Violation:   Projected closing date has passed / Fine Amount:  $50.00
– Date: 01/31/2018 / Alleged Violation:   Projected closing date has passed / Fine Amount: $50.00
– Date: 01/18/2018 / Alleged Violation:   Projected closing date has passed / Fine Amount: $50.00
– Date: 01/18/2018 / Alleged Violation:   Projected closing date has passed / Fine Amount: $50.00
– Date:  01/18/2018 / Alleged Violation:   Projected closing date has passed / Fine Amount: $50.00
– Date: 01/18/2018 / Alleged Violation:   Projected closing date has passed / Fine Amount: $50.00
– Date: 01/18/2018 / Alleged Violation:   Projected closing date has passed / Fine Amount:  $50.00
– Date:  01/18/2018 / Alleged Violation:   Projected closing date has passed / Fine Amount:  $50.00
– Date: 01/18/2018 / Alleged Violation:   No Photo / Fine Amount: $50.00
– Date: 01/18/2018 / Alleged Violation:   failure to mark property as SOLD-$50.00 / Fine Amount: $50.00
– Date: 01/18/2018 / Alleged Violation: Tax ID number shows as an X-incorrect listing data-$50.00 fine / Fine Amount: $50.00
– Date:  01/23/2018 / Alleged Violation:   failure to report a property as SOLD-$50.00 / Fine Amount:  $50.00
– Date: 01/24/2018 / Alleged Violation:   Failure to submit Random Audit $250.00 / Fine Amount:  $250.00
– Date: 01/31/2018 / Alleged Violation:   Projected closing date has passed. / Fine Amount: $50.00
– Date: 01/31/2018 / Alleged Violation:   Projected closing date has passed. / Fine Amount: $50.00
SECTION 1.2 DETAILS FOR LISTINGS FILED WITH THE SERVICE
(14) OWNERS NAME: The names of the owners shall be on all active listings
– Date:  01/23/2018 / Alleged Violation:   Invalid Owner Name / Fine Amount: $50.00
– Date:  01/23/2018 / Alleged Violation:   Invalid Owner Name / Fine Amount: $50.00

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