$1000 fine

Frustrated, Overzealous Home Buyers (and Their Agents) Clamor to See New Listings

Overheated Housing Market Prompts MLS Rule Changes [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Combine an overheated housing market with seemingly zero inventory, rampant multiple offers, and...
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MLS Increases TNAS Fine From $100 to $1,000

Trying to Keep the Playing Field Level “As you are no doubt aware, allowing a showing on your listing while it is in TNAS (Temporarily Not Available for Showing) status is a NorthstarMLS rule violation. We have changed the fine for this violation to the List Agent from $100 to $1,000. This reflects its more...
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Told "No," But Hearing "Yes"

Showing a Home Without Permission Showing a home without permission is a big MLS no-no: any Realtor caught doing it is automatically on the hook for a $1,000 fine. But the operative word is “caught.” Unless the homeowner happens to be home, it’s one of those transgressions that you’d guess frequently goes undetected. And even...
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