NTREIS Rules Changes
On October 16, The NTREIS Board of Directors approved the additions below to the NTREIS Rules and Regulations.
The updated rules will be posted on NTREIS.net later today
Additions in Red:
SECTION 10 - OTHER PARTICIPANT COMPENSATION
10.01 Participants, Subscribers, or their sellers may not make offers of compensation to buyer brokers and other buyer representatives in the MLS. Use of MLS data or data feeds to directly or indirectly establish or maintain a platform to make offers of compensation from multiple brokers to buyer brokers or other buyer representatives is prohibited and must result in the MLS terminating that Participant’s access to any MLS data and data feeds.
Inclusion of offers of compensation in text fields, media, or other means of indicating compensation are prohibited and subject to fines and/or other penalties. Repeated violations may result in suspension of MLS services.
SECTION 12 - ENFORCEMENT OF RULES OR DISPUTES
12.07 NTREIS reserves the right to remove, or authorize an MLS Provider to remove, any listing content, including text descriptions, photos, documents, or other media while a complaint regarding such content is under investigation.
12.08 NTREIS or an MLS Provider may require, and a Participant must provide, documentation to aid in the investigation of a complaint, including but not limited to listing agreements, buyer representation agreements and applicable addendum. Such documents are to be used only for said investigation and shall not be shared with any individuals or entities that are not a party to the document or agreement.
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