Earlier today we sent the new Penalty Policy to all ARMLS Subscribers. Instead of a progressive level system where fines escalate, there will now be flat automatic fines based on the seriousness of the violation for non-lockbox violations. Our efforts are aimed at reducing the number of errors through increased education and an improved policy.
The ARMLS board, the Rules Committee and Subscribers helped determined the fines based on how each type of violation affected the business of others. Essentially, not all violations are equal and that’s where a level based system can fail. Right now, the issuing of fines has been temporarily suspended while we educate Subscribers on the new policy and increase understanding of the rules.
New Penalty Policy PDF | Outline of changes PDF
Common Violations & Fines:
Incorrect Listing Status
Listings that are not really Active waste the time of others. Under the new policy, this is a $100 fine. Under the old system, a $50 fine was assessed on the 3rd level.
Incorrect Sales Price
Entering the wrong sales price wreaks havoc with comps and the ability for other Subscribers to price listings correctly. Great pricing data is vital. Under the new policy, this is a $500 fine. Under the old system, a $50 fine was assessed on the 3rd level.
Contact Information in Media
Contact information in a photo / vitural tour / video, etc., allows a client to bypass their agent and go directly to the listing agent. Under the new policy, this is a $200 fine. Under the old system, a $50 fine was assessed on the 3rd level. Please note that Stacy Long and Wild Places Realty are fictitious.
This is part one of our Rules Week blog series aimed at educating Subscribers on the MLS rules.
See part 2 here or visit our Rules Week landing page.