Slides from Aug., 17, 2015 Broker Roundtable

1. HiCentral MLS, Ltd.
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2. Why are MLS Rules and Regs
Important
Purpose of the MLS
• A facility for the orderly correlation and dissemination of
listing information to serve clients, customers and the
public
• Participants offer of cooperation and compensation to
other Participants
208/17/2015

3. Why are the MLS Rules and Regs
Important
HiCentral MLS, Ltd. – Ends Policies
• 1.1 Subscribers have reliable, comprehensive and
accurate market data in an accessible and integrated
form.
• 1.5 Participants and subscribers adhere to the Standards
and Code of the National Association of REALTORS and
to the MLS Rules and Regulations of HiCentral MLS, Ltd.
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4. How are the rules created?
• NAR mandates – MLSs must adopt
• Local MLS Rules and RegsTask Force
• Chairperson – FrancineVillarmia-Kahawai
• Allison Lum, Plum Associates, Inc.
• Darryl Macha,Century 21 All Islands
• David Nash, Sachi HI PacificCentury Prop.
• JoniAnn Shiraishi, Hawaii Realty Professionals
• Joyce Nakamura, Coldwell Banker Pacific Properties
• BethWorrall Daily, List Sotheby's International Realty
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5. • Kate Braden, Oahu Real Estate Online LLC
• Lorraine Fukumae, Marcus &Associates, Inc.
• Richard Sterman, Sterman Realty
• Sandra Sakuma, iProperties Hawaii, LLC
• Legal Counsel – NathanAipa, Pitluck, Kido & Aipa
508/17/2015

6. Task Force Processes
• Review MLS Rules and Regulations
• Ensure compliance with NAR mandates
• Member suggestions – Discuss
• Task Force votes on recommended policies (majority
rules)
• Proposed rules submitted to NAR for compliance check
and approval
• Proposed rules submitted the Board of Directors of
HiCentral MLS for approval.
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7. Summary of revisions to MLS Rules and
Regulations
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8. Effective Date of New MLS Rules and Regs – October
1, 2015
Fines for new rules - Grace Period – October. 1 –
December. 31, 2015 – Refer to Page 9 of Highlights
Appendix A: MLS Fines
Section 1
Section 2.13
Appendix A
NOTE: Existing fines will be assessed for violations.
808/17/2015

9. Subscribers compliance with MLS Rules
and Regulations
The Board of Directors of HiCentral MLS, Ltd. will
review suggestions for enforcing policies that ensures
professional and ethical behavior.
Challenge – Find the right balance to achieve
compliance
• Monetary
• Mandatory Education
• Combination
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10. 08/17/2015 10
Suggestions may be emailed to:
MLSAdmin@hicentralmls.com or
Donna.Asino@hicentralmls.com

11. I wish the MLS could:
Wish List – Discuss new functions that you would like
to see as possible system enhancements for Matrix or
in a future MLS system. Submit ideas on the form
provided which will be collected at the end of the
meeting.
Wish Lists will be compiled for review by the MLS
Specifications User Group for future MLS system
requests.
1108/17/2015

12. MAHALO
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