1. How long do you have to change the listing status in the MLS after an accepted offer?
Metro MLS Rules: Section 1.4, Change of Listing Status: Any changes in listed price or other change to the original listing agreement shall be made only when authorized in writing by the seller and shall be filed with the Service within forty-eight (48) hours, federal holidays excluded, after the authorized change is received by the listing broker. Changes entered into the online computer system, faxed or mailed to the Service shall constitute filing. Late submissions are subject to liquidated damages.
2. When does Metro MLS require one-party listings to be entered into the MLS after the property closes?
Metro MLS Rules: Section 2.3, REPORTING SALES TO THE SERVICE: Status changes, including final closing of sales, shall be reported to the MLS by the listing broker within ten (10) days after they have occurred. Late submissions are subject to liquidated damages (Section 7.0 (A)). If negotiations were carried on under Section 2 a. or b. hereof, the cooperating broker shall report accepted offers to the listing broker within seventy-two (72) hours after occurrence and the listing broker shall report them to the MLS consistent with license law and the provisions of this section.
3. Does the primary photo have to be an exterior photo?
Metro MLS Procedures: An acceptable primary photograph (exterior photo) shall be submitted with all residential listings (Categories one (1) Single Family, two (2) Two Family, three (3) Vacant Land, four (4) Multi Family, and (6) Condominium. If after seven (7) days (from Term of Contract) no photo is submitted, the MLS will charge the current sanction until a photo is received (section 7.0). Participant will be charged the then current fee for a photo. No personal, business or office/company/franchise branding of any kind is permitted on photos in MLS.
4. How much time do you have to upload a primary exterior photo with a listing in the MLS?
An acceptable primary photograph shall be submitted with all residential listings, unless otherwise instructed in writing by seller. If after seven (7) days no photo is submitted, the MLS will charge the current sanction until a photo is received (section 7.0).
5. How long do you have to submit a listing to the MLS once you start marketing the property?
Within two business day of marketing a property to the public, the listing broker must submit the listing to the MLS for cooperation with other MLS participants. Public marketing includes, but is not limited to, flyers displayed in windows, yard signs, digital marketing on public facing websites, brokerage website displays (including IDX and VOW), digital communications marketing (email blasts), multi-brokerage listing sharing networks, and applications available to the general public.
6. Do you need to make Metro MLS aware if your client purchases a for sale by owner property?
For a For Sale By Owner property you must submit the required paperwork -- Buyers Agency Agreement (including photo) -- after it closes. After the listing is entered into the computer system and given an MLS number, immediately change it to a SOLD status. Contact MLS to change the listing agent to NON MLS.
7. Can you advertise an excluded listing property?
Metro MLS Procedures: Properties being excluded from the MLS Compilation are not publicly advertised pursuant to the National Association of REALTORS® Clear Cooperation Policy. Participants/Subscribers have 1 (one) business day to enter the Excluded Property into the MLS Compilation once advertising of the property has begun. Failure to enter the listing into the MLS Compilation within 1 (one) business day of a property being advertised will be sanctioned the current appropriate sanctions as outlined in Section 7 of the MLS Rules.
8. Are you allowed to show a delayed or withdrawn listing?
You can still market a listing that is delayed or withdrawn, but the property is not allowed to be shown, including by the listing company.
9. Are you allowed to show a listing if that status is Active with Offer?
Active with Offer indicates that the property has an accepted offer. However, the listing broker is continuing to show the property and accept secondary offers. These listings will continue to appear in active searches. If a property has an offer with a bump clause for a home sale contingency, Metro MLS recommends REALTORS® put in the private remarks that they currently have an offer with a bump clause and to allow the seller a specific time frame for acceptance.
10. Can virtual tours be branded with listing company name, logo and agent name?
Metro MLS Procedures: Virtual tours may be branded with listing company name and logo and/or listing agent name. However, no other branding or contact information will be allowed on the virtual tour listed in MLS. You must check the box, "This virtual tour contains branding," when you add a virtual tour in Flexmls.