Compliance Guidelines: SECTION 5: SERIOUS VIOLATIONS
7. Failure to place a property in Released status when a listing agreement has been terminated by the broker and seller(s);
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.