January 2020 MLS Rules and Regulations!
The January 2020 MLS Rules and Regulations have been released! The full document can be found in the MLS Documents in Paragon or by clicking HERE. A summary of the… Read more »
Posts Categorized: Rules & Regs
NAR Extends COE Requirement to Every 3 Years
The National Association of REALTORS®(NAR) board of directors approved a change to NAR’s Code of Ethics training requirement. The change extends the training requirement from every two years to every… Read more »
How do you get the team lead reported as a buyer’s agent in the MLS?
MLS rules require that the listing broker/agent report the buyer’s agents that are specified on the purchase agreement. Only the buyer’s agents that are on the purchase agreement can be… Read more »
Understanding The Status: Temporarily Off Market (TOM)
WHAT IS IT? In certain situations when working with a seller, it may become necessary to suspend efforts to sell the property while an MLS Participant has a valid listing… Read more »
5 Photos / 5 Days
With the release of the July 2019 edition of the MLS Rules and Regulations Section 1.2 was edited to say “Section 1.2 (c) Properties entered into the Residential Class that… Read more »
Supra Key Use and Restrictions
What the Rules and Regulations say: Section 24.2.2 License to Use Holder is granted a revocable lease and license to use the Key in connection with the Holder’s normal and… Read more »
Contingency Addendum to Louisiana Residential Agreement to Buy or Sell
Many of you have been looking for the updated Contingency Addendum. It has now been added to the MLS Documents and sent to Instanet Solutions to be added to the… Read more »
Pocket Listings & Coming Soon
You may have heard these listings called by any number of names: off-MLS listings, waivered, exempted, exclusive, or pocket listings. Whatever you call them, they are all properties that are… Read more »
New Closing Rules — TILA-RESPA
Due to the merger of the Real Estate Settlement Procedures Act and the Truth in Lending Act, two new forms are emerging. The Loan Estimate and the Closing Disclosure will… Read more »
Change in LA Law Affects Limited Service Listings in MLS
Due to a recent change in Louisiana Law, clients can no longer waive the responsibilities of a licensee to accept and present offers. Since this practice is no longer permitted… Read more »
