Rules, Regulation and Compliance
Sharing BLC Password and/or Unauthorized Access Rules
$1000 – (Level Four) Violation of “Sharing BLC® Password/Unauthorized Access” Rules The BLC® Listing Service is a subscription-based service requiring each member to have a unique set of credentials (Login ID and Password) to gain access. ...
Staff Transfer of Listings
Staff Transfer of Listings BLC® Listing Service support staff will transfer listings from one agent to another in the same company or from one branch to another within the same firm. Listings moved from one company/firm to another must be released by ...
Report a Listing Violation
Reporting Violations Violations of rules, regulations, and policies governing the use of the BLC® Listing Service may be reported to BLC® Listing Service support staff via email, helpdesk, fax, or by utilizing the “Report Rules Violation” link in the ...
How do I request a Fine Waiver?
Requesting a Waiver (a). A Member issued a Notice of Violation may request, in writing, that the fine be waived (“Waiver Request”). The Waiver Request, together with any additional documentation the Member wishes to submit must be received by MIBOR ...
List Date
List Date Definition The effective date of the listing contract or the date of the seller(s) signature, whichever is later. List Date Application a. A listing must be entered in MIBOR BLC® listing service within two (2) full business ...
Repeat Violations
Repeat Violations Listing agents receiving three (3) fines in a 12-month period will be required to attend an educational session on the rules, regulations and policies of the BLC® Listing Service within 90 days of being notified of the requirement ...
BLC Access Suspension
Suspension of BLC® Listing Service Access (a). In the event a violation or decision is deemed final (whether by exhausting all remedies provided under the Compliance Policy or this Manual or due to the failure to timely request a waiver, hearing, or ...
Delete a Listing
BLC® Listing Service support staff will not delete or erase a listing and its history from the BLC® Listing Service system under any circumstance other than the removal of an accidental duplication or re-list occurring within five (5) business days ...
Erroneous Duplicate Sale Entries
When needed, be sure to only change one BLC# to Sold when a single listing is entered with multiple BLC#s or in multiple property types. Any additional BLC#s should be changed to Released status. Changing multiple entries of the same property to Sold ...
Watermarks on Listing Photos
The BLC Rules state: No photograph or architect’s rendering of the listing, which contains any type or copy, including logo(s) or advertising of any kind, placed on or within the photograph (excluding normal real estate signage within the ...
Reuse of Listing Photos
Reusing another agent's listing photos requires having the previous agent's permission.
Fair Housing
For more information about Fair Housing rules, please visit the Fair Housing Center of Central Indiana or contact MIBOR’s Professional Services staff at professionalservices@mibor.com.
Showing Availability
The BLC Rules define “Showings” as either of the following: 1) Physical, on site viewing of the listed property by potential buyers with a cooperating broker; or 2) Virtual showing (which could mean live or pre-recorded video of listed property), ...
Mandatory Fee Disclosure (HOA)
The BLC Rules define a “Mandatory Fee” as follows: Mandatory Fee Definition a. Any fee that is required by this property, typically association dues. Mandatory Fee Application a. Any association that requires a mandatory fee should have ...
Expired Estimated Closing Date
The BLC Rules state that listing status updates must be completed within 2 business days. Please update the Estimated Closing Date or, if the listing has sold, update the listing status to Sold.
Bedroom Definition
The BLC Rules define a “Bedroom” as follows: Bedroom Definition a. Must have a closet within the bedroom or master bedroom suite. b. Must not be used as a “walk through” to another room. c. Must have two means of egress (door and window). i. ...
Listing Price Specified
Section 1.7 of the BLC Rules state that the full gross listing price stated in the listing contract will be included in the information published in the Broker Listing Cooperative® listing service compilation of current listings, unless the property ...
Photo Rules
The BLC Rules require a minimum of 2 photos within 2 business days of the List Date or prior to changing to Pending, with the Primary Photo being the property exterior. Additionally, the BLC Rules do not permit photos containing legible real estate ...
Condo Rules
The BLC Rules state that a Condo must meet the following criteria: ii. Condo Lifestyle (meets one or more of the criteria below): • Some, or all, of the homeowner fee pays for exterior maintenance of the dwelling. • Unit is titled to ...
MIBOR BLC® CLEAR COOPERATION
In November 2019, the National Association of REALTORS created a new policy called the Clear Cooperation Policy. MIBOR began an education campaign and launched the policy in April 2020. The intent of the Clear Cooperation Policy is to solidify the ...
Updating a Listing to Sold with Multiple MLS IDs
To avoid issues when updating a listing that has multiple MLS IDs or property types, be sure to change only one of the listings to Sold. All remaining MLS IDs should be changed to a Released status. Changing multiple entries for the same property to ...
Changing an Auction Sale Price
Auction listings that are changed to Sold with a list price of $0 or $1 will negatively impact the Sold data within the BLC resulting in an excessive List Price to Sale Price ratio. To avoid this, be sure to update the List Price to match the ...
Reactivating a Listing after Pending Fallout
The BLC® Policy does not specifically address the allowance of placing a listing back on market after a pending contract termination and MIBOR cannot provide you with legal advice. Generally accepted business practice allows activation of a listing ...
Listing Display on Broker Websites
The Internet Data Exchange (IDX) policy defines the MIBOR BLC® Listing Service Participant’s (the principal broker’s) authorization of limited electronic display and delivery of their listings by other Participants and their licensees s via the ...
Architectural Style
Architectural Style Guide
Reporting Sale for Buyer Representation Only
Reporting Sales when One Party was a Non-Member Licensee. When a sale involves both a member and a non-member licensee, the member may only report him/herself for one side of the transaction. When reporting a closed transaction where the selling ...
When Do I Need to Input a Listing
Section 1 - Listing Procedures: Listings of real or personal property of the following types, which are listed subject to a real estate broker's license, located within the State of Indiana and taken by Participants, shall be entered into the Broker ...
What Can an Unlicensed Admin Do within the Listing Service?
MIBOR staff receives numerous questions on what assistants can do whether licensed or unlicensed. Indiana license law, in 876 IAC 8-1-7, does list the prohibited activities of unlicensed assistants but leaves us all wondering what they CAN do as ...
What Can MIBOR Staff Change in the Listing Service?
BLC® Listing Service support staff may not revise listing data without written approval of the listing broker (Participant or authorized managing broker), and then, only in the specific circumstances provided below and upon receipt of any necessary ...
Area Definition
An Area Definition is the assigned number for county and township of a property’s physical location. To ensure compliance, listings must be entered in the area number in which they are physically located and are assessed taxes, regardless of the ...
Private Remarks (Agent to Agent Remarks)
Members can utilize Private Remarks in the following ways: To display comment that cannot be seen by the public and are only viewable to agents. Relay helpful information to the buyer’s agent. Include exclusions, negotiable concessions and/or ...