Q4 MN MLS Compliance

The MLS has many rules that real estate agents must adhere to.  Some include how quickly you must post a picture on your listings to the fact that you can not have your  phone number in any of the supplements in the listings.  With over 15,000 Minnesota MLS subscribers, these rules help keep a level playing field and insure that everyone plays nice!

Northstar MLS sent over 8,000 compliance notices during the 4th quarter of 2009.  The majority of these were for missing, incorrect or incomplete listing information.  The goal is to ensure that listing data is correct and that agents/offices learn from any mistakes to avoid recurrences.  They achieved 100% compliance on these notices, with less than 6% resulting in an actual fine to the listing office (for 94% of these notifications, there was no fine or the fine was waived).  Typically if you get a notice from the MLS police, you snap to attention and do whatever they want!

In all seriousness though, I do appreciate the fact that they are as diligent as they are when it comes to keeping the MLS updated and accurate.  Our job as real estate agents is tough and frustrating enough at times.  Having mis-information in the system could be unbearable (and embarrassing for our customers).

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