We have two brand (2) new MLS policy improvements taking effect this week. We first shared them with you at the beginning of January. One pertains to having an exterior photo for every listing submitted to the MLS, regardless of the property type. The other has to do with the updated fine schedule for failure to upload a primary photo and/or appropriate disclosures to your listings.
Please see additional details below. These both become effective on Tuesday, February 5, 2019:
A MOTION was MADE, SECONDED, and CARRIED to require that all listings entered into the Realcomp MLS must have at least one (1) exterior photo.
Commentary: This revised policy applies to all property categories, including that of Vacant Land. For Vacant Land properties, MLS Subscribers may opt to upload an actual photo (i.e. ground-level or aerial shot), a plat map, or a sketch (while abiding by all copyright requirements).
Effective Date: Beginning Tuesday, February 5, 2019, this policy will include all newly listed Vacant Land properties. Having at least one (1) exterior photo is currently required on all other property categories.
A MOTION was MADE, SECONDED, and CARRIED to apply the initial fine for failure to upload a primary photo and the appropriate listing or property documents to a new listing at 48 hours and every five (5) days thereafter the required documents or photos have not been uploaded.
Commentary: Primary photos are now required for all listings. Listing documents/disclosures are also required for Residential, Condominium, and Multi-Family property types (with the exceptions of leases and new construction listings). Previously, the repeating fine was applied every seven (7) days on listings without photos and every 10 days on listings without documents.
Effective Date: Beginning Tuesday, February 5, 2019 the new fine schedule will go into effect.
If you have any questions about either of these policy improvements, please contact Realcomp’s Customer Care Department at (866) 553-3430. Thank you.