Have you ever received a violation from the SmartMLS Compliance Team?
It’s never fun but issuing compliance inquires for rule violations is essential to maintain an accurate MLS database.
Here’s a quick breakdown of MLS compliance, where the rules come from, and why they’re important for everyone’s business.
WHY do we need MLS compliance?
As Connecticut real estate professionals, we succeed the most when we work together. And to do that, we need to agree on a set of reasonable ground rules.
Rules? What rules?
When you’re a SmartMLS subscriber, you are subject to the SmartMLS Rules and Regulations.
Okay…so who makes these rules?
The SmartMLS Rules and Regs are based on the Handbook of Multiple Listing Policy developed by the National Association of Realtors. Additional recommendations must be approved by the SmartMLS Board of Directors before being put into effect.
Why do these rules matter for agents and brokers?
Access to accurate, up-to-date listing data is essential to the success of your business.
Imagine you are trying to help a client come up with the right price to list their home for sale, but none of the MLS homes sales data in the surrounding area is accurate. Without reliable information on comparable home sales in the market, establishing price and advising on a marketing strategy becomes a LOT harder.
Reliable data is essential in maintaining an accurate MLS database. See the short video linked below for information on how to keep track of your data compliance concerns.