PUBLIC REMARKS: Information in the Public Remarks field in the Listing shall be limited to information describing or marketing the listed property, to include any offers of seller-paid closing costs, repair allowances, or home warranties. Such field shall not include information about individuals or co-brokerage arrangements or any alarm codes or other information about how to gain access to the property.
Public Remarks shall not direct the user in any way to contact information or other information about a real estate agent or broker or any other individual or entity with a connection to the business of real estate. Any other use of a photo, floor plan, electronic file, rendering, virtual tour, website url, or other media to advertise or promote an agent, broker or real estate brokerage, or any other individual or entity, is strictly prohibited.
EXCEPTION: Properties entered in the RENTAL class may display a URL link to the rental application. For Model Homes, the first comment in public remarks shall read, “Model Home-Not for Sale”.
REPORTING SALES TO VALLEYMLS
Status changes, including final closing of sales, sales prices, selling office, selling agent, and terms, shall be reported to the multiple listing service by the listing broker within three (3) business days (excluding Saturday, Sunday, and Federal, State, and Postal Holidays) after they have occurred. If negotiations were carried on under Section 2 a. or b. hereof, the cooperating broker shall report accepted offers and prices to the listing broker within 24 hours unless a time-of-essence timeframe is specified in the purchase agreement. The listing broker shall report them to the MLS within three (3) business days (excluding Saturday, Sunday, and Federal, State, and Postal Holidays) after receiving notice from the cooperating broker.
If negotiations were carried on under Section 2 a. or b. hereof, the cooperating broker shall report accepted offers and prices to the listing broker within 3 days after occurrence and the listing broker shall report them to the MLS within 3 days after receiving notice from the cooperating broker.
If sales are not entered within the specified time allowed, the sales data may be sent to ValleyMLS on a listing change notice form signed by the seller.
Note: If reported to the service that a listing was changed/maintained as cancelled, but in fact did sale, the listing agent will incur an immediate fine.
Data reported in the following field(s) are subject to fines if not accurate and complete: Sold Date, Selling Price, Selling Office, Selling Agent, and Negotiated Closing Costs.
Entering an incorrect Selling Agent (when maintaining listing to sold) will result in an immediate fine.
