By Suzanne M. Foley, Compliance Coordinator
MRIS, February 2, 2009-Although most settlements occur within 90 days of a ratified contract, there are exceptions. If you have ever tried to enter a settlement date that is more than 90 days in the future, you may have received this message:
“Warning Rule Violation Close Date <=+ (.today+90).”
A proposed closing (or settlement date) may be entered up to 365 days in the future. Should you receive the message above and your settlement is scheduled beyond the 90 day time frame, click the “Accept button” on the far right side of the message.
Accuracy and timeliness of listing information is critical to the MRIS customers’ success. The Compliance Department audits and assesses fines for properties that are in Contract status and the settlement date has passed. In addition, fines are assessed for listings that have actually settled, but continue to show up with a contract status and a settlement date that is too far in the future.
Please feel free to contact the Compliance Department directly at (301) 838-7140 or email compliance@mris.net with any questions.
To send feedback on this article, email communications@mris.net.
