Rules and Regulations: 3.10 Coming Soon Listings.
3.10.1 – Coming Soon listings shall be entered into the MLS System within one (1) Business Days after the Listing Agreement Commence Date. Listing Agreements for Coming Soon properties must include a Coming Soon addendum signed by the seller indicating that the seller acknowledges and consents to the Coming Soon status.
Compliance Guidelines:
SECTION 5: SERIOUS VIOLATIONS
4. – Failure to enter a Coming Soon Listing Addendum when entering a Coming Soon listing;
Fines for Serious Violations are as follows:
• First Infraction: Warning notification
• Second Infraction: $250.00 fine
• Third Infraction: $500.00 fine; and referral to MLS Board of Directors for review and discipline if applicable.