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NEW MLS RULE – Section 2.1.1 – Listings submitted to MLS but not available for showing.

Northwest Ohio Real Estate Information System (NORIS)

“NEW MLS RULE”

The NORIS Board of Directors at their meeting held on February 22, 2013 adopted the following MLS Rule, effective immediately.

Section 2.1.1 – Listings submitted to MLS but not available for showing.

Listings entered into the MLS compilation shall be available for showings and purchase immediately.  If the property is not available for showings at the time the listing contract is signed, the MLS Authority clause should be stricken out on the listing agreement, initialed by the seller(s) and a copy of the agreement sent to and kept on file by the MLS until the listing is available for showings.  Failure to comply with this rule shall result in the imposition of a fine as set forth in Section 7(b) of the MLS Rules & Regulations.  MLS staff will also immediately remove the “No Showing” comments from the listing. (02/22/13)

NOTE:  No listings entered into the MLS compilation shall include the comment “No Showing”, “No showings until further notice” and/or contain any reference to a “No Showing” comment for any reason.

Section 7(b)

2.1.1

Listing submitted to MLS but not available for showing(s)

$50

The rationale of the NORIS Directors in adopting this rule is; if a property can’t be shown, or if a seller won’t receive offers to purchase, then it’s not possible for potential cooperating brokers to “cooperate” in the sale of that property.

Please check all of your listings and remove any reference of “no showing(s)” by March 25, 2013.  After that date, you will be subject to the fine that is set forth in Section 7(b) of the MLS Rules & Regulations.

If you have any question, please contact 419-535-3222 or email sharon@toledorealtors.com.

Sharon Hubbard, MLS Director