Frequently Asked Questions
1. When are LCAR dues billed out to members?
When are they due? Past due?
2. Must every agent of an office join LCAR?
3. Are LCAR dues prorated when joining at various times
during the year?
4. When are MLIS dues billed out? What time period is
covered? When are they due? Are they prorated?
5. Must every agent of an office join MLIS?
6. What other types of dues and fees are billed out?
Are they voluntary (RPAC, GAD, etc.)?
7. Who does what on the staff?
8. How much are lockboxes?
9. What if my lockbox does not work?
10. How can I get IDX access on my website? What does it
cost? Who approves the request? Is there a form?
11. What is the Supra support phone number?
12. What is the Paragon agent support phone number?
13. Where may I find contact information of the 2009 board
members?
14. What is the Correction button for? How does it work?
15. How may I find out which Smart Phones are compatible with
Supra?
16. What are the various fees charged for lockbox access (Display
Key, EKey, Other)? When are these fees billed and due?
17. Where may I find a copy of the LCAR and MLIS Bylaws?
18. Where may I find a copy of the MLIS Rules & Regulations?
19. How can I get an item on the Board of Directors agenda?
20. What happens with my listings when I am inactivated?
Where do the fines go?
21. May I copy/clone a listing?
22. What is an Affiliated VOW Partner (AVP)?
23. What is the difference between a VOW and an IDX site?
24. What is Automated Valuation Model (AVM)?
25. What is a blog?
26. Are the new fields, Automated Valuation (AVM), Blogging, Court
Approval, Entry Only Listing, Limited Service Listing, and Code Remarks
required?
27. What are the default settings on the new fields?
28. What goes in Code Remarks?
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1. When are LCAR dues
billed out to members? When are they due? Past due?
LCAR
Dues are billed by the 1st of October and considered delinquent if not paid by
November 1st of the current year.
2. Must every agent of an office join LCAR?
If the
Qualifying Broker of the office is a member of LCAR, every agent licensed under
the QB's name must be a member of LCAR.
3. Are LCAR dues prorated when joining at various times
during the year?
Yes,
they are.
4. When are MLIS dues billed out? What time period
is covered? When are they due? Are they prorated?
MLIS
fees are billed June 15th and December 15th of each year. They are due
July 1st and January 1st, covering six months. If fees billed June 15th
are
not paid before August 1st and fees billed December 15th are not paid before
February 1st, a reinstatement fee will apply.
5. Must every agent of an office join MLIS?
No.
MLIS is optional.
6. What other types of dues and fees are billed out?
Are they voluntary (RPAC, GAD, etc.)?
LCAR
dues include local, state and national. GAD (Government Affairs Director)
fees are included and mandatory. RPAC (REALTORS® Political
Action
Committee) is optional.
7. Who does what on the staff?
Please
refer to the CONTACT US page our website.
8. How much are lockboxes?
$106.00 each, effective March 1, 2009.
9. What if my lockbox does not work?
A
malfunctioning lockbox, brought in by the person who owns it, may be exchanged
for a working one at the LCAR office at no charge. Any costs
associated with the removal of a lockbox from a property are incurred by the
owner of the lockbox.
10. How can I get IDX access on my website? What does it
cost? Who approves the request? Is there a form?
There
is no charge for IDX. Your Participant must have a Participant's Agreement
on file with the MLIS office and they will have to sign an
authorization form in order for you to access an IDX feed. Once MLIS
receives these documents, the process is simple. Please call the MLIS
Technical Administrator for details.
11. What is the Supra support phone number?
1-877-699-6787
12. What is the Paragon agent support phone number?
1-877-657-4357
13. Where may I find contact information of the 2009 board
members?
Please
refer to the LCAR
and MLIS Board Of
Directors pages on our website.
14. What is the Correction button for? How does it work?
The
Correction button is a tool by which agents may anonymously report any
inaccuracies they find in a listing. The agent simply clicks the
Correction button, which generates an email they use to detail the requested
corrections. This email is then submitted to MLIS staff for
further review.
15. How may I find out which Smart Phones are compatible with
Supra?
Please
click on the following address for a complete listing of Smart Phones compatible
with Supra:
http://www.gesecurity.com/GESecurity/Real%20Estate/current_devices.pdf
16. What are the various fees charged for lockbox access
(Display Key, EKey, Other)? When are these fees billed and due?
The
charge for a Display Key is $46.98 per half-year and it is billed with your MLIS
bi-annual billing. Smart Phones and EKeys are billed directly
to you by
Supra. Please refer to the phone number in Question 11 to get the EKey
rates.
17. Where may I find a copy of the LCAR and MLIS Bylaws?
Please
refer to the
LCAR and MLIS
Bylaws pages on our website.
18. Where may I find a copy of the MLIS Rules &
Regulations?
Please
refer to the MLIS Rules & Regulations
pages on our website.
19. How can I get an item on the Board of Directors agenda?
Call
the Executive Officer two weeks prior to the meeting.
20. What happens with my listings when I am inactivated?
Where do the fines go?
If you
are inactivated in Paragon, your Participant has the opportunity to put the
listings in an active agent's name or in the Participant's name.
If the
Participant does not choose one of those options or if the Participant is
inactivated, the listings are removed from Paragon. Fines are sent
to the
Participant.
21. May I copy/clone a listing?
Paragon allows you to make copies of listings that you have already entered into
the MLIS database. This allows you to enter listings, such as land
lots,
town homes, condos, etc., that are similar to previous listings
quickly and efficiently. When listings are copied/cloned, you must
remember
that
it is an exact copy/clone- which includes any previously entered errors.
You must review the new listings that are created by copy/clone to
ensure that
required changes are completed. Copy/clone does not function properly
between classes. For further information, see the Help Files
in
Paragon, under the heading, "Copy/Clone Listings."
22. What is an Affiliated VOW Partner (AVP)?
An
Affiliated VOW Partner (AVP) is a vendor or other service provider that operates
a VOW on behalf of a Participant, subject to the Participant's
supervision, accountability and the terms of the VOW policy.
23. What is the difference between a VOW and an IDX site?
An IDX
site is considered advertising- and listing brokers' consent is required before
another broker may advertise his or her listings. A VOW is
considered on-line brokerage. Listing brokers' consent is not required to
display on a VOW any listing otherwise available to MLIS participants
and
subscribers for internet display.
24. What is Automated Valuation Model (AVM)?
Automated Valuation Model (AVM) is a technology-driven report and the name given
to a service that can provide valuations using mathematical
modeling
combined with a database. Most AVM's calculate a property's value at a
specific point in time by analyzing values of comparable
properties.
As well as this, some look at previous appraisal valuations, historical house
price movements and user inputs (i.e. number of bedrooms,
home
improvement spending, etc.). An AVM typically includes: (1) An indicative
market value for many residential properties nationwide.
(2)
The tax assessor's indication of value, if available. (3) Information on a
subject property and recent sales history. (4) Comparable sales analysis
of like
properties.
25. What is a blog?
A blog
(a contraction of the term "weblog") is a website, usually maintained by an
individual with regular entries of commentary, descriptions of
events, or other material such as graphics or video. The ability for
readers to leave comments in an interactive format is an important part of
many blogs.
Most blogs are primarily textual, although some focus on art (artlog),
photographs (photoblog), sketches (sketchblog), videos, (vlog),
music
(MP3blog), audio (podcasting), which are part of a wider network of social
media. With the advent of video blogging, the word blog has
taken
on an even looser meaning- that of any bit of media wherein the subject
expresses his opinion or simply talks about something.
26. Are the new fields, Automated Valuation (AVM), Blogging,
Court Approval, Entry Only Listing, Limited Service Listing, and Code Remarks
required?
No.
27. What are the default settings on the new fields?
Automated Valuation (AVM) and Blogging are defaulted to YES (meaning no partial
opt-out has been signed by the seller). Court Approval, Entry
Only
Listing, and Limited Service Listing are defaulted to NO (meaning no court
approval is required for the sale, it is not an Entry Only Listing,
and/or
it is not a limited service listing.
28. What goes in Code Remarks?
In any
instance where a participant discloses a potential short sale, participants may
communicate to other participants how any reduction in the
gross
commission established in the listing contract and required by the lender as a
condition of approving the sale, will be apportioned between
listing and
cooperating participants. This information will be entered in the Code
Remarks field. In such instances, where the gross commission
established
in the listing contract may be reduced by a court, the potential reduction in
compensation and the apportionment between the listing
Participant
and the selling Participant may be disclosed in the Code Remarks field.
Communicated compensation presented in the Code Remarks
field must be
positive statements and not leave the cooperating participant in question of the
compensation to be received.
Any listing
contract that does not have a gross commission amount or percentage, as
established by SECTION 5, at the listing onset, may not be
entered into
th MLIS database.
The letter V
will indicate Variable Code and must be defined in Code Remarks. Variable
is when the seller pays less total commission if sold by the
listing
office.