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Membership Blog: What does your Service Center do for CTMLS?

Most of you think of your CTMLS service center as your Board of REALTORS®. The boards (or associations) provide a variety of services and are primarily responsible for offering continuing education courses that are required to maintain a Connecticut real estate license. Boards serve as hubs of communication for their members, providing opportunities for networking and dissemination of information on legislative, financial, legal, marketing and other issues that are of interest to their members. They often arrange for speakers and other training sessions on a variety of issues of timely concern. Boards also oversee a dispute resolution process to deal with complaints and violations of the Code of Ethics. In addition to taking care Read more [...]

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Compliance Blog: Changes To Commission

Last week we talked about commissions in the MLS and we got a lot of great feedback and questions about the post, so we decided to give you even more information about this incredibly important Connecticut real estate topic. Often we get inquiries from agents regarding commission disputes on MLS listings; cooperating agent feels that the listing broker changed the commission after an offer was accepted. Compensation is locked once an offer has been produced; this is actually part of the REALTOR® Code of Ethics, Article 3. Any changes to commission should be made by the broker prior to the time cooperating REALTORS® produce offers to purchase the property. Any changes to commission after an offer has been produced must Continue Reading

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CTMLS | 860 North Main St. Ext. Wallingford, CT 06492 | Phone: (203)697-1006 | Fax: (203)697-1064