Section

Description

Timeframes

All 48 hour timeframes have been changed to 2 Business Days.

Section III: Data Integrity Issues

• Updated “Compensation Detail”
• Replaced “Listings by non MLS Members” with “Reciprocal Listings added into CARETS”
• Updated “Property Already Listed by Another Agent/Broker”

Section

Description

Timeframes

All 48 hour timeframes have been changed to 2 Business Days.

Section 7: Listing Procedures

• Added “Property Already Listed by Another Agent/Broker” (Section 7.2)
• Added “Listing and Co-Listing Agents/Brokers” (Section 7.3)
• Added “Range Pricing” (Section 7.4)
• Updated “Withdrawal of Listing Prior to Expiration” (Section 7.12)
• Updated “Lender Approval Listings” (Section 7.18.2)

Section 10: Reporting Sales and Other Information To the MLS

Updated “Reporting of Sales” (Section 10.2)

Section 11: Ownership of Multiple Listing Service Compilations and Copyrights

Updated “Photographs on the MLS” (Section 11.5)

Section 12: Prohibitions and Requirements

• Updated “Misuse of Remarks and Media” (Section 12.5)
• Added “Display Purpose” (Section 12.16.8)
• Added “Restricted Access” (Section 12.16.10)
• Added “Third Party Comments and Automated Value Estimates” (Section 12.16.14)
• Added “Making Corrections” (Section 12.16.15)
• Added “Participant and Subscriber Standards of Conduct” (Section 12.21)

Section 13: Lockboxes

Updated “Required Lockbox” (Section 13.6)