Accuracy is key.
This is why compliance is vital to your business.
MLSOK has reviewed and revised its MLS Rules and Regulations and Compliance Guidelines. Several things have been added to make the documents easier to use. These include a table of contents, glossary of terms, and search capabilities on the online documents (<ctrl+f> in most browsers).
The Compliance Guidelines will speak in detail to the different categories of violations, as well as discuss the escalation process for violations, when needed. Sometimes, these escalations include fines which can even accrue on a daily basis! If left uncorrected, the listing will end up being pulled from the database. No one wants that to happen.
Most of compliance runs through an automated system called Listing Data Checker (LDC). This system scans all the listings as they are entered and edited in Matrix and sends automatic notices to both the listing agent and the listing broker for correction.
Stay tuned to the Mocha. We’ll be featuring compliance articles regularly which will focus on specific rules that are most frequently an issue. We call these the Most Wanted list.
You can always find the MLSOK Governing Documents on okcmar.org, mlsok.com, and under External Links on the home page of Matrix.
Questions regarding compliance can always be submitted to email@example.com.
The MLSOK Helpdesk is happy to help in any way we can!