Residential Multiple Listing Service Agreement

By agreeing to the terms of membership expressed in this application, I affirm that I presently hold a real estate Broker’s license with the State of Minnesota and I maintain an established place of business in the state of Minnesota. I have read the MLS Rules, Regulations and Operating Procedures and I agree to comply with all the provisions contained therein. I agree to arbitrate any disputes with fellow REALTORS® which might arise out of the use of the service in compliance with MLS Rules and Bylaws of the Minneapolis Area REALTORS®, and to abide by the Code of Ethics.

I agree to pay a $100.00 initial participation fee for new MLS participants before the time the MLS Service commences.

I understand and agree that I will be individually responsible for the prompt payment of all MLS membership dues, service charges and fees incurred by myself and/or other members of my firm during the period in which I am an MLS Participant.

I further understand and agree that the service may be discontinued if MLS bills are not promptly paid, and that all outstanding monthly charges must be paid, together with a reinstatement charge, before the service will be reinstated.

I agree to release the Minneapolis Area REALTORS® and its Multiple Listing Service, including the Regional Multiple Listing Service of Minnesota, their officers, directors, committee members, employees and agents, from any claim or demand arising from my active participation in the Multiple Listing Service.

GUARANTY: For value received, the undersigned firm guarantees unconditionally the payment of all obligations incurred by or on behalf of the above Designated REALTOR® member of the firm to the Multiple Listing Service of the Minneapolis Area REALTORS®, and hereby waives any notice of default.

Membership Agreement Terms
 

New Broker Orientation

As part of application procedures for broker membership, I understand that I must attend a new broker orientation within 120 days of application. All membership services will be terminated for new brokers who fail to complete their orientation program within 6 months of application.

Dues and Fees

There will be no refund of dues or fees paid by the applicant unless applicant is denied membership.
NOTE THAT IF YOU BECOME INACTIVE FOR MORE THAN 60 DAYS, THERE IS $100 REINSTATEMENT FEE.

Notice: Payments to the Minneapolis Area REALTORS® are not deductible as charitable contributions for federal income tax purposes. Also, federal law states that the percentage of your association dues used for state and federal lobbying activities is nondeductible as a business expense for federal tax purposes.

Member Acknowledgement

I, the applicant, hereby apply for REALTOR® Membership in the Minneapolis Area REALTORS® (MAR), and I understand that I will only be refunded in the event I am not accepted for membership. In the event my application is approved, I agree as a condition of membership to attend the orientation seminar and to familiarize myself, comply with and be subject to the Code of Ethics of the National Association of REALTORS®, including the duty to arbitrate business disputes in accordance with the Code of Ethics and Arbitration Manual of the Association and with the Bylaws of MAR, the Minnesota Association and the National Association and the policies of the various programs and services. Finally, I consent to and authorize MAR to invite and receive information and comment about me from any member or other person, and I agree that any information and comment furnished to MAR by any member or other person in response to any such invitation shall be conclusively deemed to be privileged and shall not form the basis of any action by me for slander, libel or defamation of character. Applicant acknowledges that if accepted as a member and he/she subsequently resigns or is expelled from membership in MAR with an ethics complaint or arbitration request pending, the Board of Directors may condition renewal of membership upon applicant’s verification that he/she will submit to the pending ethics or arbitration proceeding and will abide by the decision of the hearing panel. If applicant resigns or otherwise causes membership to terminate, the duty to submit to arbitration continues in effect even after membership lapses or is terminated, provided the dispute arose while applicant was a REALTOR®. To the full extent permitted by applicable law, I irrevocably waive all claims against MAR or any of its officers, employees, directors or members, for any act in connection with the business of MAR, and particularly as to their acts in electing or failing to elect, advancing, suspending, expelling or otherwise disciplining me as an applicant or as a member. Upon the expiration of said membership for any cause, I will discontinue the use of the term REALTOR®.

Member Information

I acknowledge that the board/association will maintain a membership file of information which may be shared with other boards/associations where applicant subsequently seeks membership. This file shall include: previous applications for membership; all final findings of Code of Ethics violations within the time limit specified in the decision letter and violations of other membership duties within the past three (3) years; pending complaints alleging violations of the Code of Ethics or alleging violations of other membership duties; incomplete or pending disciplinary measures; pending arbitration requests; and information related to unpaid arbitration awards or unpaid financial obligations to the board/association or its Multiple Listing Service. If any information on the applicant’s real estate, appraiser or limited broker’s license should change or is found to be conflicting with what is in the MAR database, MAR reserves the right to update its system to reflect the change based on the license issued by the Department of Commerce.

Membership Applications received after 3:30 p.m. will be processed the next business day.