SECTION 5: SERIOUS VIOLATIONS
9. – Failure to properly disclose in the appropriate field any conditions, terms, Reserved Buyers and any other contingencies affecting the ability to sell or lease the 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.