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By Suzanne M. Foley, Compliance Coordinator

MRIS, Nov. 3, 2008-Once a listing agent transfers to another brokerage or branch office, the listing agent will no longer be able to access the listing in Keystone unless the listing has been transferred along with the agent to the new office. Listings belong to the broker and it is the broker’s or manager’s responsibility to update the listings. The branch manager or any person in the office can make changes to listings. The name of the person making the changes will appear in the listing history.If an agent is terminated from a brokerage the listing should be reassigned to another agent or withdrawn. According to the MRIS Rules and Regulations, the broker has 10 days to reassign the listing or the listing will be withdrawn by MRIS.

While auditing listings for non-compliance with the MRIS Rules and Regulations, the Compliance Department finds that listings of a transferred or terminated agent have not been updated by the broker or manager. If an agent has transferred to another office, MRIS will continue to send Compliance Notices to the listing office, not the office that the agent has been transferred to.

If you have transferred to a new office and your listings have not been updated, you should contact your broker or manager and provide them with the information to update the listing.

Please feel free to contact the Compliance Department at 301-838-7140 or e-mail with any questions or concerns about this article.

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