PPMLS UPDATE

· PPMLS Policies Are Designed For The Benefit Of The Participants: The PPAR and RSC Board of Directors comprised of Designated REALTORS® or Appraisers, Office Managers, and Licensees, from large and small companies, represent and serve the PPMLS Participants. The Directors create policies for the benefit of the Participants and to “keep REALTORS® in the center of the transaction.” The Directors are also subject to the policies they approve. The PPMLS policies that result in a fine, withdrawal of the listing, or suspension of computer access are designed only to maintain the integrity of the PPMLS database. The PPMLS Participants need reliable information in order to better serve their clients and customers.

· NAR Guidelines and Approval: The PPMLS Rules and Regulations conform to NAR guidelines and are subject to NAR approval.

· One Of The Four Foundational Tenets Of The PPMLS: It is to provide “a facility for the orderly correlation and dissemination of information among the Participants so that they may better serve their clients/customers and the public.” Please note the words “among the Participants.” Although limited listing information is provided to sellers, buyers, and the public, primarily the database is designed to disseminate the information among the Participants of the PPMLS rather than promoting and marketing properties among the public.

Summary of Violations that are Subject to a Fine of Withdrawal of the Listing:

1. Unauthorized Use of PPMLS Services:

o If documented, the Designated REALTOR® (DR) will be sent a letter.

o The fine is six times the monthly PPMLS fee and is assessed to the DR.

2. Incorrect Listing Status:

A “courtesy warning” will be emailed to the listing agent’s “ppar.net” email address, with copies to the TEMPO email address (if available), the DR, and Broker Load Secretary requesting the appropriate documentation.

a. Status Change to WC and New Listing Entered into PPMLS within 30 days:

o $100 fine if appropriate documentation is not provided within two days of courtesy warning.

b. Failure to Report Sales Information within the 24-hour Reporting Period:

o $100 fine if update or correction is not made within two days of courtesy warning.

o If correction is not made within 24 hours fining, then computer access is suspended.

c. Failure to Give Notice of Status Change or Contingency (or Removal Thereof) within the 24-hour Reporting Period:

o The listing will be temporarily Withdrawn from the PPMLS if update or correction is not made within two days of courtesy warning.

o If the listing is already in an off-market status, a $100 fine will be assessed against the listing agent if update or correction is not made within two days of courtesy warning.

3. Unauthorized Text:

Property Description Remarks, Property Description Supplemental Remarks, and Photo Remarks should only contain information that describes the “physical attributes” of the property.

· During the Add Listing and Edit Listing process, the TEMPO system will “scrub” these remarks and delete unauthorized content such as contact information and financial information.

· RSC staff will review these remarks to find text not detected by the Remarks Scrubber. A “courtesy warning” will be emailed to the listing agent’s “ppar.net” email address, with copies to the TEMPO email address (if available), and the DR and Broker Load secretary requesting that the inappropriate content be removed.

o The listing will be temporarily Withdrawn from the PPMLS if update or correction is not made within two days of courtesy warning.

· Remember that information other than the physical attributes of the property may be included in the Agent/Show Remarks, or the Sale Condition field so that if appropriate, the coop agent may share this information with their client.

Thank you for your cooperation. If you have questions please email us at ppmls@ppar.org.