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Per Sections 7 and 8 of the NTREIS Rules & Regulations:

Submission of New Listings: All new listings must be entered into the MLS system within three days of the listing date. A fine of not less than $50, nor more than $100 per day will be assessed for failure to comply. Computer failure shall not be an excuse for non-compliance.

Reporting of Option Contract (AO): An option contract must be reported in the MLS system within three days of the contract date. A fine of not less than $50, nor more than $100 per day will be assessed for failure to comply. Computer failure shall not be an excuse for non-compliance.

Reporting of Kick-Out Contract (AK): A kick-out contract must be reported in the MLS system within three days of the contract date. A fine of not less than $50, nor more than $100 per day will be assessed for failure to comply. Computer failure shall not be an excuse for non-compliance.

Reporting a Contingent Contract (AC): A contingent contract must be reported in the MLS system within three days of the last date of the option period, or the date of the contract when there is no option period in the contract. A fine of not less than $50, nor more than $100 per day will be assessed for failure to comply. Computer failure shall not be an excuse for non-compliance.

Reporting of a Pending Contract (P): A contract where all contingencies have been met is a pending contract and must be reported in the MLS system within three days of the date the last contingency was met. A fine of not less than $50, nor more than $100 per day will be assessed for failure to comply. Computer failure shall not be an excuse for non-compliance.

Reporting of Sales (S): A property is considered sold when it is closed and must be reported in the MLS system within three days of the actual closing date. It is the responsibility of the Listing Office to report the sale. A fine of not less than $50, nor more than $100 per day will be assessed for failure to comply. Computer failure shall not be an excuse for non-compliance.

Reporting Back on Market (BOM): A property is considered back on market if a contract falls through and is again ACTIVE (A) and must be reported in the MLS system within three days of contract termination. A fine of not less than $50, nor more than $100 per day will be assessed for failure to comply. Computer failure shall not be an excuse for non-compliance.

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