Action Items:
The following rule changes were approved by the NNEREN Board of Directors, and subsequently approved by NAR. They will become effective January 30, 2012.
Section 4.2 Other Listings (Comparable Listings, Auction Listings)
A closed property that is not listed in the MLS may be entered into the NNEREN® database for comparable purposes only when submitted by the selling (buying side) broker within seven (7) calendar days of closing.
Section 4.4 Public Field Restriction
There shall be no promotion of any website address, phone number, agent, office, office address, or reference to any agent, office, website address or phone number in any public field including photographs, attachments and virtual tours.
SECTION 9.0 Service Fees, Charges, and Notifications
[Removed the requirement to make payment by company check only]
Section 10.3 Compliance with Rules
For failure to pay any service charges or fee within fifteen (15) days of the due date, and provided that at least ten (10) days notice has been given, NNEREN® service shall be suspended and a penalty of $15 per agent per invoice with a maximum of $150 will be imposed. At no time however will the penalty fee exceed the amount originally owed.
Section 10.3 Compliance with Rules
Section 19 - General fine procedure for listing violations not otherwise specified: A fine of $100 will apply if not corrected with 24 hours of NNEREN contact. If violation is still not corrected within 7 calendar days of contacting the broker, an additional $250 fine and removal of the listing from the MLS by NNEREN staff is authorized
The BOD voted to move forward with contract discussions for “Point2”, a listing syndication tool. If satisfactory agreement is reached, Point2 will offer NNEREN brokers and agents an alternative to the ListHub syndication product which is currently available.
NNEREN News
NNEREN President John Kinney was recognized for his leadership and commitment to the NNEREN membership and organization over the past year by NNEREN President-elect Peter Schwartz and the entire Board of Directors.
The BOD discussed the outcome of the November, 2012 NAR MLS Policy Committee Meeting and subsequent NAR BOD Meeting.
- Regarding mandatory NAR IDX rules:
- The “Franchisor” IDX provision has been eliminated
- Several elements from an NAR PAG committee’s recommendation have been approved in concept, including allowing IDX display on social media sites (with a broker opt-out provision), and allowing IDX content on 3rd party sites where displays are “controlled by the participant”. However, IDX via RSS is to be prohibited.
IDX model rules and policy are to be drafted accordingly in preparation for the 2012 NAR Mid-year meetings. NNEREN participants can voice their opinion on these IDX issues through an online nationwide survey. A link to the survey is available to brokers in the NNEREN News section of the InnoVia homepage.
2) NAR has also determined that MLSs may now require participants to disclose if a listed property is a foreclosure, bank-owned, or real estate owned (“REO”). NNEREN members are encouraged to share their input on this potential mandatory disclosure requirement with their NNEREN representative or NNEREN management.
Down Payment Resource – the new tool that provides online notice of homebuyer assistance programs through an icon on property displays – is gaining traction with NNEREN members and consumers. The traffic report for November indicated that DPR generated approx. 2600 views by agents, 1450 consumer views by the public (with nearly 600 views via IDX sites), more than 500 buyer eligibility form completions and about 100 submissions of contact info by consumers. The full report is available on the member side of www.nneren.com under “Resources” then “Forms & Member Resources”.
As of January 1, 2012, brokers who wish to allow continued use of Fax-to PDF service will need to change the Fax-to-PDF setting from "No" to "Yes" in their InnoVia firm record. Member offices will incur a charge of $.17 per page for any Fax-to-PDF usage after Dec. 31st, 2011.
In Memorium
It was voted to make a monetary donation to the Orleans County Board of Realtors® Scholarship Fund in memory of NNEREN Director Terry Burdick.
