San Carlos Listings Multiple Listing Service - Rules & Guidelines -

Authority

The Shareholder Associations of  Realtors  have organized AMPI Section San Carlos, a San Carlos, Sonora Mexico corporation (hereinafter referred to as “The AMPI/San Carlos”), to operate and maintain a Multiple Listing Service,  (hereinafter also referred to as “MLS” or “service”) for the use of licensed real estate Brokers and Salespersons and licensed or certified Appraisers.

Purpose

A Multiple Listing Service is a means by which authorized MLS Broker Participants establish legal relationships with other Participants by making a blanket unilateral contractual offer of compensation and cooperation to other Broker Participants; by which information is accumulated and disseminated to enable authorized Participants to prepare appraisals and other valuations of real property; by which Participants engaging in real estate appraisal contribute to common databases; and is a facility for the orderly correlation and dissemination of listing information among the Participants so that they may better serve their clients, customers and the public.

The MLS/San Carlos Committees

The MLS/SAN CARLOS shall be governed by its board of directors (hereinafter “Board of Directors”) in accordance with its articles of incorporation and its bylaws. Committees may be established to perform such functions as may be delegated, but all actions of committees shall be subject to the approval and confirmation of the Board of Directors.

Participation and Authorized Access

4.1 Participant.

A Participant is any individual who applies and is accepted by the MLS, meets and continues to meet all of the following requirements of either a Broker Participant or an Appraiser Participant as defined below in Sections 4.1.1 and 4.1.2.