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MLS Tip: Beware Listing Lead Scams There have been an increase of the number of listing lead scams reported recently. Please be vigilant in vetting internet leads. Always verify the authenticity of the seller before entering a listing on the MLS. Use extra caution with out-of-state leads from internet web sites. Make sure the person signing the listing agreement is actually the owner of the property.
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Policy Violation Manual Updated – Effective October 1, 2023 You can now download the latest revision of the MLS Policy Violation Manual. The manual has been updated for changes effective October 1, 2023. Notable Changes:
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Other Residential with Deeded Land to Be Changed to Single Family- The MLS sub-type of Other Residential WITH Deeded Land will be removed on Wednesday, September 27. All of these listings in all statuses will be changed to Single Family. This does not affect mobile homes without deeded land. Mobile homes in a park or without land must still be entered as Other Residential without Deeded Land. All new mobile homes WITH deeded land should be entered as Single Family in the future.
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Changes to MLS ERS Listing Contract Wording from the ‘Brokerage Exclusive Waiver’ form has been added to the MLS ‘Exclusive Right to Sell (ERS) Listing Contract.’ This includes changes to brokerage exclusive workflow (for purposes of Clear Cooperation). Notable changes to the Contract and Policy Requirements:
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Policy Violation Manual Updated – Effective December 1, 2022 You can now download the latest revision of the MLS Policy Violation Manual. The manual has been updated for changes effective December 1, 2022. Changes include the following:
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MLS Policy Change : 1.02.08 Multiple Entry of Same Property MLS policy 1.02.08 has been modified. The previous policy allowed only Res Rental and Business Opportunity listings to be entered simultaneously in other Property types for single parcel. The policy has been modified to expand the multiple entry ability to better serve the seller and buyer. Members should use caution when entering listings in multiple property types. If listings are entered incorrectly, fines apply to each listing. More listings equals more potential for errors and fines. Also, members must be knowledgeable about each type of property in order to properly and professionally represent their client. Updated Policy as of December 1, 2022: 1.02.08 – Multiple Entry of the Same Property Fine with Warning
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Policy Violation Manual Updated – Effective October 1, 2022 You can now download the latest revision of the MLS Policy Violation Manual. The manual has been updated for changes effective October 1, 2022. Changes include the following: SECTION 5 DATA MAINTENANCE FEE OR FINE WAIVER PROCESS WITH EDUCATION CLASS SECTION 5.01 – Real Estate Data Accuracy Class Requirements: Data Maintenance Fee or Fine is due and payable within five (5) days of receipt of the policy violation notice. (Added September 2022) Under the following guidelines, REALTORS® may choose to attend the Real Estate Data Accuracy Class up to two (2) times in a calendar year (Jan. – Dec.) for violation of two different policies and receive up to $100 in waivers each time. (Amended September 2022)
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MLS Policy Change regarding fines and reimbursement – Oct. 1 The following change has been made to the MLS Policy Violation Manual. This change will be effective October 1, 2022. Changes are in bold red below. SECTION 5
Under the following guidelines REALTORS® may choose to attend the Real Estate Data Accuracy Class up
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A purchase contract does NOT negate MLS Coming Soon policy A purchase agreement between a buyer and a seller does not negate a member’s obligations to follow the MLS’ Rules and Regulations, which is an independent contract existing between the member listing broker and the MLS. If a listing is in Coming Soon status and the seller accepts a curb offer in which the buyer asks to see the property, you must ‘End Coming Soon’ before showing the property or you are in violation of MLS Policy 1.05.04 – Showing a Listing During a No Showings Allowed Period. Read letter from Columbus REALTORS® legal counsel.
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COCIE – Expanded Eligibility for Governing Board COCIE Rules and Regulations have been modified to expand the number of eligible firms for COCIE Governing Board appointment. Section 3.1.1b of the Rules now allows candidates to be selected from the ten largest firms. Firm size is determined by number of active COCIE members. Previously, eligibility was limited to the top five firms. The appointments for the large firms’ open seats are expected to be made at the July COCIE Governing Board meeting.
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