"COMING SOON" signs appear to be popping up all over the valley and causing some confusion amongst fellow Realtors. To make the rules clear, below are the two MLS rules which speak to this topic. Whether a listing has a sign on the property with "Coming Soon" on it or does not have one, the listing must be inputted into the MLS within 2 days. Should there be some reason the Seller does not want the listing in the MLS a "Seller Instruction to Exclude Listing from the Multiple Listing Service" (SELM) form must be filed with CDAR. Should this form not be filed with CDAR within the same 2 day time period, a violation will be issued for Late Entry of Listing/No SELM on File. First violation is a warning. Second violation carries a $500 fine. Third violation carries a $1000 fine.
For Listings not entered in the MLS at all, with no SELM on file within the timeframe as noted in Section 7.5, a violation will be issued for Failure to Input a Required Listing/No SELM on File. First violation is a warning. Second violation carries a $600 fine. Third violation carries a $1800 fine.
For the exact MLS rules, please click the button below.
2016 ECONOMIC FORECAST - MARCH GMM
Thank you to all members that attended our March General Membership Meeting at the CSUSB Palm Desert campus for our 2016 Economic Forecast! We had a turnout of close to 200 people today that all came to listen to special guest C.A.R. VP and Chief Economist Leslie Appleton-Young cover the economic outlook and the California housing market forecast.
For those that were unable to attend the March general membership meeting and still want a copy of Leslie Appleton Young's presentation and 2016 Economic Forecast, please click here to get your copy.