Listings Not Ready to be Shown Must Still be Entered
New listings must be entered into the MLS within one (1) business day of being publicly marketed. If marketing has not yet begun, listings must be entered no later than four (4) calendar days from the effective date (first day of the term) of the listing contract. Entering verbiage in the listing contract to keep the listing off the MLS until a later date is not allowed.
Agents are subject to fines of $500/day if they market a listing and fail to enter it in the MLS within 1 business day. Agents are subject to a fine of $100/day if they fail to enter a new listing, not yet being marketed, within 4 calendar days.
If a new listing is not ready to be shown, it still must be entered into the MLS. You have the option of entering it as either Delayed or Active. If entered as Active, the date showings will be allowed must be entered in the first line of the public remarks. If a listing is not ready to be shown, it cannot be shown by anyone, not even the listing office.
New Disclosure for Waterfront Properties
At their last meeting, the MLS Board of Directors approved a new disclosure requirement for waterfront properties where the actual frontage is owned by another entity (such as Wisconsin River Power Company) and specific shoreline rights are granted exclusively to the property owner. Castle Rock and Petenwell Lakes are examples of this arrangement. In these cases, the listing agent can select the waterfront feature “has actual waterfrontage”, but if they do, the following statement must be included in the public MLS remarks:
Waterfrontage contiguous to the property is owned by ____________, with specific rights granted exclusively to the property owner.
Non-Member Sale Side
If the agent on the sale side of your transaction is not a member of our MLS, enter SCWMLS Non-Member in the sale agent field and include the agent and office name in the broker-to-broker info. You will get a friendly popup reminder when selecting SCWMLS Non-Member. Simply select Accept on the reminder once you have added this info to the broker-to-broker info.
