MLS Compliance Quiz

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MLS Compliance Quiz

Test your knowledge of the MLS Technology Inc. Rules & Regulations. Here is the link to the Rules & Regulations for reference during your test!

Are you allowed to share your password or login information?
*

1 point

Yes.

I am not allowed to share my password with anyone (spouse or family included) other than a member of the MLS Tech Support Staff.

I am only allowed to share my password with my Broker.

I am only allowed to share my password with those inside my office.

Does the MLS require you to upload a photo(s) to your listing?

1 point

Yes.

No.

Only if the listing is an auction sale and with the text "AUCTION" on top of the image.

Only if the listing is Residential.

Clear selection

What is considered an acceptable primary photo for a Residential listing?
*

1 point

A photo of the view of the backyard.

A photo of the front hallway of the house.

An exterior front view or aerial view of the property.

An A.I. Rendered image of a home.

Which of the following photos are NOT considered acceptable on the MLS? (Please mark all that apply)

(NOTE: All images are A.I. generated so assume they are not when making selections)
*

1 point

Option 1

Option 2

Option 3

Option 4

Option 5

Option 6

Option 7

Option 8

Option 9

Option 10

Required

Can you include contact information in the Public Remarks field of your listing?
*

1 point

Yes.

No.

Only the agents contact information.

Only the sellers information.

Only if it's being co-listed.

What are the acceptable sources you can quote a property's Living Area sqft. from on the MLS listing? (Please mark all that apply) *

1 point

Court House Records

Estimates from Realist

Owners

Building Permits

Appraisal Reports

Estimates from Matrix

Required

When are you required to mark your listing Pending?
*

1 point

Within 3 Business Days of the Earnest Money being received.

Within 3 Business Days of the Sales Contract being signed by both the buyer and the seller.

Within 5 Business Days of the Earnest Money being received.

Within 5 Business Days of the Sales Contract being signed by both the buyer and the seller.

When are you required to mark your MLS Listing as Closed? *

1 point

Within 3 Business Days of the title changing hands from Seller to Buyer.

Within 1 Business Day of the title changing hands from Seller to Buyer.

Within 5 Business Days of the title changing hands from Seller to Buyer.

Within 7 Business Days of the title changing hands from Seller to Buyer.

Once a Listing is made active in the MLS, how long do you have to upload your disclosures to your MLS Listing?
*

1 point

Within 3 Business Days.

Within 1 Business Day.

Within 3 Days.

Within 1 Day.

What following rules are true regarding Coming Soon Listings? (Please mark all that apply)
*

1 point

I CAN move the showing start date forward (to a later date).

I CAN move the showing start date backwards (to an earlier date).

I CAN set the showing start date up to the 11th day from the listing date.

I must have a Listing Agreement and Coming Soon Seller Authorization signed by my seller.

I must incluide the language "COMING SOON: NO SHOWINGS OR OFFERS UNTIL [showing start date]" in my public remarks

I CAN market the listing before it goes active.

I CANNOT market the listing before it goes active.

I CANNOT move the showing start date backward (to an earlier date).

Required

Which status should you use if a property cannot be shown for any reason (including On-Hold)?
*

1 point

Withdrawn

Released

Pending

Closed

Active

Expired

Which status indicates a manual termination of the contract representing the relationship between the broker/agent and seller?
*

1 point

Withdrawn

Active

Expired

Released

Closed

Pending

When is a property allowed to be marked contingent? (Please mark all that apply) *

1 point

When the seller needs to make a repair to the property.

During a short sale, where an offer has been accepted by the seller and has been submitted to the seller’s lender for approval.

When the sales contract has been signed by both parties.

When the property has closed.

The Contract of Sale is contingent upon the Buyer’s property, which is on the market but not presently under contract, being sold and closed.

When the buyer has made an offer but is still awaiting financing.

Required

How long can a Residential listing be active in the MLS before it will need to be re-entered?
*

1 point

6 months

3 months

9 months

1 year (365 days)

Who is liable for errors within listing data on the MLS according to the MLS Rules?
*

1 point

MLS Technology Inc.

The Seller

The Listing Agent

The Listing Participant (Broker)

Submit

Clear form

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