Compliance 101 Final Review Exam
with Solved Solutions 2026-2027
Updated.
Why an MLS? - Answer provides a framework for data integrity
offers blanket, unilateral offers of compensation
In house sales are under 25%
Fuels cooperation, Cooperation fuels business
Why listing compliance? - Answer By understanding the rules and regulations, we ensure that
we have better data for everyone.
Violations can be costly to your business and the business of others.
Adhering to the rules ensures that everyone is on the same page and gives us the best tools for
our business.
MLS Subscription - Answer intended for ONE user
password sharing is strictly prohibited
MLS contains highly sensitive data
unlicensed assistants and appraisers must have the OWN accounts that can be purchased
through your local realtor board.
Software is used to identify log in locations and keystroke patterns in an effort to identify
account sharing. Fines can range from $500 for your first offense to $15,000 for recurring
offenses.
Who makes the Rules and Regs? - Answer NARS: National Association of Realtors handbook
on multiple listings policy
Stellar MLS Board of Directors
Recommendations made by MAC: MLS Advisory Council
Where can you find the Rules and Regs? - Answer Matrix: External Links widget, Listing tab,
Stellar University link
StellarMLS.com: Under the Resources tab
Stellar University
Why do we need rules and regulations? - Answer Rules and Regulations...
ensures the spirit of cooperation.
ensures that accurate data is shared in a timely manner.
, The online version is easily searchable for your reference at any time.
How can you search inside the Rules and Regulations? - Answer You can search by:
the actual article number
by keyword/topic
MLS Listing Types - Answer MLS does NOT accept:
Net Listings
Open Listings
MLS accepts:
Exclusive Rights to Sell Listings
Exclusive Agency Listings
Exclusive Listings with Exceptions
Submission of Listings - Answer Mandatory listing types MUST be submitted into the MLS
within 5 business days:
Date Owner(s) Sign Agreement OR
Effective Date of Listing Agreement OR
within one "1" business day of public marketing
What counts as public marketing? - Answer Flyers displayed on windows
yard signs
digital marketing on public facing websites
Brokerage website displays (including IDX and VOW)
Digital communications marketing (email blasts)
Multi-brokerage listing sharing networks
Steps when filing an exclusion - Answer During the 5 day period:
place the listing in the MLS
File either the Temporary Exclusion or Office Exclusive form
As soon as ANY marketing on listing begins, the property must be entered into the MLS within
ONE business day
with Solved Solutions 2026-2027
Updated.
Why an MLS? - Answer provides a framework for data integrity
offers blanket, unilateral offers of compensation
In house sales are under 25%
Fuels cooperation, Cooperation fuels business
Why listing compliance? - Answer By understanding the rules and regulations, we ensure that
we have better data for everyone.
Violations can be costly to your business and the business of others.
Adhering to the rules ensures that everyone is on the same page and gives us the best tools for
our business.
MLS Subscription - Answer intended for ONE user
password sharing is strictly prohibited
MLS contains highly sensitive data
unlicensed assistants and appraisers must have the OWN accounts that can be purchased
through your local realtor board.
Software is used to identify log in locations and keystroke patterns in an effort to identify
account sharing. Fines can range from $500 for your first offense to $15,000 for recurring
offenses.
Who makes the Rules and Regs? - Answer NARS: National Association of Realtors handbook
on multiple listings policy
Stellar MLS Board of Directors
Recommendations made by MAC: MLS Advisory Council
Where can you find the Rules and Regs? - Answer Matrix: External Links widget, Listing tab,
Stellar University link
StellarMLS.com: Under the Resources tab
Stellar University
Why do we need rules and regulations? - Answer Rules and Regulations...
ensures the spirit of cooperation.
ensures that accurate data is shared in a timely manner.
, The online version is easily searchable for your reference at any time.
How can you search inside the Rules and Regulations? - Answer You can search by:
the actual article number
by keyword/topic
MLS Listing Types - Answer MLS does NOT accept:
Net Listings
Open Listings
MLS accepts:
Exclusive Rights to Sell Listings
Exclusive Agency Listings
Exclusive Listings with Exceptions
Submission of Listings - Answer Mandatory listing types MUST be submitted into the MLS
within 5 business days:
Date Owner(s) Sign Agreement OR
Effective Date of Listing Agreement OR
within one "1" business day of public marketing
What counts as public marketing? - Answer Flyers displayed on windows
yard signs
digital marketing on public facing websites
Brokerage website displays (including IDX and VOW)
Digital communications marketing (email blasts)
Multi-brokerage listing sharing networks
Steps when filing an exclusion - Answer During the 5 day period:
place the listing in the MLS
File either the Temporary Exclusion or Office Exclusive form
As soon as ANY marketing on listing begins, the property must be entered into the MLS within
ONE business day
