MRIS Rules & Regulations
Synopsis of Changes to the MRIS Rules and Regulations
From time to time the MRIS® Rules and Regulations are revised to reflect changes in NAR® policy, real estate regulations, or clarifications of the existing Rules and Regulations. The following changes to the Rules and Regulations become effective on January 1, 2012 (please note that the text in BLUE indicates ADDITIONS to the Rules and Regulations and the deleted text in RED indicates a DELETION):
Article V. Non-Compliance with the Regulations
Sec 6. Procedures for Appeal of a Sanction (Formerly Sec 4: Procedures for Complaints)
A. An appeal for a sanction must be in writing and received by the Compliance Department within 20 calendar days of the sanction. Staff will review the appeal and respond within 10 calendar days of receipt. An appeal that meets the criteria as established by the Compliance Committee and the Board of Directors will be waived.
B. Upon notification of MRIS's review of the appeal the subscriber may appeal the sanction to the Sanction Appeal Panel, comprised of three members of the Compliance Committee, within 20 calendar days. Appeals to the Sanction Appeal Panel must be in writing. The Sanction Appeal Panel will consider the information provided in the original appeal and any additional new information provided by the subscriber or staff within 20 calendar days. The decision of the Sanction Appeal Panel will be provided to the subscriber within 10 calendar days.
C. The Sanction Appeal Panel review is final unless there is a procedural violation or a claim that any of the MRIS Rules and Regulations giving rise to the sanction has been misapplied to the facts. Appeals must be received within 20 calendar days after receipt of notification of the sanction. The Sanction Review Board consists of five members of the Compliance Committee, who do not have a relationship with the appellant or have participated in the Sanction Appeal Panel. The Sanction Review Board only will review a sanction appeal if there is a claimed procedural violation or if there is a claim that any of the MRIS Rules and Regulations giving rise to the sanction has been misapplied to the facts. The decision of the Sanction Review Board will be provided to the subscriber within 10 calendar days of Sanction Review Board meeting.
G. Any sanction imposed to the Compliance Panel may be appealed in writing to the full Compliance Committee. Appeals must be received within 20 calendar days after receipt of notification of the sanction.
H. The respondent may request to be present at the appeal hearing of the Full Compliance Committee. The Compliance Committee will review the appeal of the Compliance Panel's decision. The Compliance Panel members involved in the initial review of the complaint will be excused from the appeal.
I. The decision of the full Compliance Committee is final.
Click to download:
