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SUMMARY
OF PPMLS FEES AND FINES
FEES:
REFER TO APPENDIX C OF THE PPMLS RULES AND REGULATIONS
FINES:
Please note that a “courtesy warning” is
sent to the listing broker at their ppar.net mailbox. Check
your ppar.net mailbox on a daily basis to ensure that you
respond to a courtesy warning within the allotted time.
DOCUMENTED UNAUTHORIZED USE OF PPMLS SERVICES - $240
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If
documented, this violation will result in an automatic
fine of 6 months times the current PPMLS Participation
Fee (6x$40=$240) assessed to the Designated REALTOR®.
STATUS CHANGE TO WC AND NEW LISTING ENTERED - $100
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Listing Broker (and also DR, Office Manager, and Broker Load
Secretary) will be sent a “courtesy warning” email with a
request for written documentation sighed by seller
authorizing the cancellation of the listing agreement, as
well as a copy of the new listing agreement that was entered
within 30 days of cancellation.
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If
documentation is not provided within 5 business days a $100
fine will be assessed to the listing broker.
FAILURE TO REPORT SALES INFORMATION WITHIN THE 72-HOUR REPORTING
PERIOD- $100
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A
“courtesy warning” will be emailed to the listing broker (and
also DR, Office Manager, and Broker Load Secretary).
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If
the change is not made within 5 business days a $100 fine
will be assessed to the listing broker.
DELETION OF UNAUTHORIZED TEXT
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If
unauthorized text appears in the Property Description
Remarks or other free-text field a “courtesy warning” will
be emailed to listing broker (and also DR, Office Manager,
and Broker Load Secretary) stating that the unauthorized
text was removed from the field.
FAILURE TO GIVE NOTICE OF STATUS CHANGE - $100 FINE OR LISTING
WITHDRAWN
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If
the listing broker fails to give notice of a status change
or contingency (or removal thereof) within the 72-hour
reporting period, a “courtesy warning” will be emailed to
listing broker.
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If
update or correction is not made within 5 business days,
then the listing will be withdrawn from the PPMLS
until the change has been made. If the listing is already
in an off-market status, then a $100 file will be assessed.
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