Beginning March 1, 2019, connectMLS users will be required to make listing status changes within 48 hours, including weekends and holidays.
This new requirement applies to the following statuses:
- New (NEW)
- Contingent (CTG)
- Active-Temporarily No Showings (TEMP)
- Auction (AUCT)
- Pending (PEND)
- Price Change (PCHG)
- Closed (CLSD)
- Rented (RNTD)
- Canceled (CANC)
- Expired (EXP)
Previously, MRED required changes to be made within a 72-hour time period, but has changed this to improve the accuracy of the connectMLS database.
If you do not update the statuses within 48 hours, beginning March 1st and beyond, you are subject to a $250 fine from MRED. This fine was in place prior to the new rules being announced.
All REALTORS® are encouraged to read the FAQsabout this new rule orcontact MRED’s Rules and Regulations Departmentwith any other questions or concerns.