 Fees and Fines
| Initiation Fee: |
$95 |
| For REALTORS® and their office staff ($225 for Non-REALTORS® and their office staff). Please note that the initiation fee and a minimum of one month subscription fee are due upon initial sign up and/or reactivation, if reactivation occurs 6 months or more after a cancellation or waiver date. Those who choose to reactivate their IRES subscription within 6 months of cancelling or waiving may do so without paying the initiation fee. |
| Subscription Fees: |
$35 |
| Per licensee per month ($45 for non-REALTORS®). Fees are billed quarterly to each subscriber and are due on the 1st day of the middle of each quarter: February, May, August and November. An annual payment option is also available. |
| Statement and Payment Options |
$ |
| IRES subscribers may receive their IRES statements via email or be set up with the convenience of automatic payments using EFT from a checking or savings account, or automatic credit card payments (Visa, Discover or Mastercard). Request any of these options by clicking here. (For your protection, authorization must be received in writing.) Payments can also be processed online through this web site. Subscribers may, at their option, pay one annual fee equivalent to the monthly fee multiplied times 11, receiving one month free. Watch for an announcement from IRES regarding this option at the end of each year. If exercised, the annual fee is due by February 1st and is non-refundable. |
| Listing Input by IRES |
$20 per listing |
| As a matter of convenience and customer service, IRES will input listings on behalf of our customers. Every effort will be made to enter listing data on the same day received, as long as all necessary information and forms are received prior to 4 PM. After the listing is entered, a printed copy of the full listing is promptly faxed to the listing office, also requesting confirmation of the information. A fee of $20 per listing will be charged, which is due upon receipt. (There is no charge for listings entered by brokers or their staff.) |
| Changes to Listings |
$0 |
| There is no charge for listing changes input by IRES. Examples include status changes, price changes and corrections to existing listings. For the purposes of streamlining data entry for similar properties listed by the same office (e.g. several condo units), there is no charge to copy existing listings. Note: This function is available at the IRES admin level only. |
| Transfer Fee |
$10 |
| A transfer fee is assessed whenever a subscriber transfers from one office to a different office. |
| Refund Admin Fee |
$25 |
| An IRES admin fee for refunds of $25 will be deducted from any refund owed a subscriber. |
| Password Sharing |
$500 1st offense / $1000 2nd offense |
| Any IRES subscriber who shares or provides their login name and password with any other unregistered individual or entity is subject to a $500 fine. For any subsequent offense, the fine doubles. |
| Contact Information in the Comment Section |
$50 per occurrence |
| Contact information of any kind, such as names, co-listing agent’s name, phone numbers, websites, 1-800 numbers, is not allowed in the Comment/Remark section of an MLS listing. An emailed fine warning will be sent to the listing agent, then a fine of $50 will be sent by fax for any contact information entered prior to that warning. |
| Inaccurate Input |
$50 per occurrence |
a) Category - Choose the proper category for your listing.
b) Duplicate Listings are NOT PERMITTED, but you may take advantage of Secondary Category for listings that may be considered as more than one property type. |
| Fine for Tardy Input |
$50 per occurrence |
| After receiving all necessary signatures, users are subject to a 3 business day maximum to enter new listings, status changes and price changes. Any data entered exceeding the 3 business day limit is subject to the fine. |
| Reinstatement Fee |
$100 per suspended individual |
| A reinstatement fee will be assessed to any individual who has been suspended from IRES services for non-payment of fees and must be paid in full prior to services being reinstated including on line access. (Individual suspension occurs 30 days after the quarterly due date.) |
| Staff Credits |
+ |
In an effort to help offset administrative costs, each broker/owner is entitled to a specific number of staff credits that waive monthly subscription fees for licensed employees, after submitting and signing the proper form. In order to qualify for the credits, the employee may not list, sell or appraise property.
The number of credits offered is based upon the number of licensees within the office as follows: 1 to 19 licensees =1 staff credit, 20-29=2 credits, 30-39=3 credits, 40-49 = 4 credits, and so on. If the number of credits desired exceeds the number of credits available, the broker/owner shall decide which individuals may receive the credit. |
| Waiver from Monthly MLS Fees |
+ |
| Based on the "Suggested Form of Multiple Listing Service Subscription Waiver" of the NATIONAL ASSOCIATION OF REALTORS, an individual may be exempt from monthly subscription fees if they do not utilize the system in any manner. Examples of those who will be considered for a waiver include those engaged in commercial, industrial or property management as well as referral agents. Examples of those who do not qualify for a waiver include builders, developers and administrative staff. (The latter should consider applying for a staff credit instead.) |
|
|
