Divisions of Commissions Section 5 of the MLS Rules and Regulations.
COMPENSATION SPECIFIED ON EACH LISTING
In filing a property with the Multiple Listing Service of a Board of REALTORS®, the Participant of the Service is making blanket unilateral offers of cooperation to the other MLS Participants, and shall therefore specify on each listing filed with the Service, the compensation being offered to the other MLS Participants. Specifying the compensation on each listing is necessary, because the cooperating broker has the right to know what his compensation shall be prior to his endeavor to sell.
The commission offered to the co-operating broker through the MLS may be in the form of a (%) percentage or ($) a dollar amount. Be sure to read this field carefully so there is no misunderstanding as to the amount of the offer of compensation.
Deadline for Ticket Sponsorships is TOMORROW, Oct. 4!
You can still get a discounted ticket by being a "Ticket Sponsor"
- 10 tickets for $300 or
- 20 tickets for $500
The deadline for Ticket Sponsorships is tomorrow Tuesday, Oct. 4. Use this form.
Individual tickets are $45 and $60 at the door. Click here to register online.
Attendees receive 4 hours of CE credit.
Second Annual REALTORS® Build Day with the St. Bernard Project!
Join NOMAR & SBP on Monday, Oct. 10 from 9 a.m. - 3 p.m. to volunteer with your fellow REALTORS® and rebuild homes in the New Orleans community! No construction experience necessary, just a good attitude!
2017 Board of Directors Election Social
Join us on Thursday, Oct. 20 at Mellow Mushroom in Metairie, located at 3131 Veterans Blvd., from 4 - 6 p.m. to celebrate the unveiling of our newest Board of Directors members!
Northshore Bowling Party at Tiffany Lanes in Mandeville
On Thursday, Nov. 17, put on your most wicked awesome costume and get ready to listen to all the best jams the 80’s had to offer at our 80’s prom-themed bowling tournament! Here’s the 411 - this tournament will be held at Tiffany Lanes in Mandeville from 1 – 4 p.m. and will benefit the Covington Food Bank. There will be prizes given out for the most ace costumes – categories to follow. Cost is $125 for teams of four. Buggin’ about not having a team? No sweat – individuals can party too, for $15 per person. Mark your calendars today because this tournament is going to be like, totally bangin’.
Women with Wings Event
Women's Council of Realtors New Orleans Metropolitan Chapter presents:
WOMEN WITH WINGS
Sponsoring Metropolitan Center for Women and Children
October 5, 2016
6:30 PM - 9:30 PM
1261 Esplanade Avenue
$65 Donation: Open Bar, Food, Live Entertainment, Music, Silent Auction
WCR's Sixth Annual Bras for a Cause
The St. Tammany Women's Council of REALTORS® event, Bras for a Cause event is Oct. 13, 2016 from 6 - 9 p.m. at the Northshore Harbor center, located at 100 Harbor Center Blvd in Slidell.
NOMAR election winners at the Louisiana REALTORS® Fall Conference:
Mary Vastola, elected to serve as NOMAR’s Region IV RVP
Rick Roberts, elected to serve as NAR Director
Beth Cristina, elected to serve as LR Director.
New FEMA Flood Insurance Rate Maps for Orleans Parish in Effect
The new FEMA Flood Insurance Rate Maps (FIRMs) are available online where residents can view information about their property by navigating to their state, parish and local address.
Due to significant improvements in drainage and flood protection, more than 53 percent of all properties in New Orleans were removed from Special Flood Hazard Areas (“A” zones”) and as a result, will benefit from more affordable flood insurance. Under the new FIRMS, many homeowners will be eligible for a significantly lower flood insurance rate.
Jefferson Parish Flood Hazard Info
Land in Jefferson Parish is located in or next to a floodplain and is subject to flooding. The most common source of flooding is from rainfall. Ensure you and your clients read this fact sheet to stay informed.
Code of Ethics Cycle 4 is Due
All REALTORS® must take NAR’s Code of Ethics - Cycle 4 training sometime between Jan. 1, 2013 and Dec. 31, 2016. To ensure that you do not get suspended with no services, complete your Code of Ethics - Cycle 4 now – before time runs out.
Don’t forget – Code of Ethics classes at NOMAR are FREE until Oct. 1st when they will cost members $5 an hour! If you do not know if you have completed your Code of Ethics training, click here to download the list.
**Please note: this list is strictly people who have NOT taken Code of Ethics.
Avoid Costly MLS Mistakes
Reliable information on comparable home sales in the market, establishing pricing and advising on market strategy is about to become a little easier.
Gulf South Real Estate Information Network, Inc. (GSREIN) is proud to announce the upcoming implementation of Listing Data Checker, a component to Matrix. Listing Data Checker is a powerful web-based software solution that will automatically validate the quality and accuracy of your listing data and enforce the correction of violations.
GSREIN wants you to be prepared for this automated MLS Compliance program which is tentatively scheduled to rollout late in October 2016.
Below you will find a list of the Most Common MLS Violations. Please take time to review your files to prepare for the next step in Listing Data Integrity.
It is also important to understand that the Data Checker software is 100% dependent upon notifying you via email.
You must have a valid email address on file with GSREIN as per the Rules and Regulations.
Important Information to Remember Regarding Your Electronic Keys (both Xpress keys & eKeys)
Each MLS Participant/Subscriber in good standing who holds a valid real estate license, or is a state certified appraiser, shall be eligible to obtain a Supra Key subject to the MLS Rules and Regulations and the execution of a lease agreement.
Each Supra Key and PIN code shall not be loaned, shared, or allowed to come into possession of anyone other than the Keyholder.
A Supra Keyholder who violates this rule and loans their key to a GSREIN member shall be subject to fines and punishment as follows: first offense = $100.00, second offense = $250.00 and third offense = revocation of Supra Key.
A Supra Key holder who loans their key to an MLS non-member will result in a $1000 fine to the Keyholder, second offense will result in revocation of SUPRA Key and $1000 fine to the Keyholder.
Monthly CE Schedule
Please check out our online calendar to schedule your CE classes. Once logged in you can access the monthly calendar and find the class you want. Once you click on the class, it will take you to another page where there will be a gray button that says "Click here to Register." Press that and go through the steps to finish registering. Please remember that in the last quarter of the year we do charge $5.00 an hour for CE for members.
Check out these 2 courses while you are on the October calendar - "Lease Purchase/Owner Financing & Bond for Deed" taught at our Metairie location for us by Crescent Title and"Agent Accountabilities and Liabilities" taught in our Metairie location as well by Titlestream.
MLS Matrix, Supra and Instanet Support
MLS Matrix Support
For all Matrix support questions contact Matrix Support Reps: