Fees and Fines

Fees

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 during initial sign up and/or reactivation, (if reactivation occurs 6 months or more after cancellation or waiver date.) Those who want to reinstate their IRES MLS subscription within 6 months of the date of cancellation 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, via email, to each subscriber and are due on the 1st day of the second month of each quarter: February 1st, May 1st, August 1st and November 1st. An annual payment option is also available.

Statement and Payment Options
$

IRES MLS subscribers receive IRES statements via email or have the option to 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

For convenience and customer service, IRES will input listings on behalf of our subscribers. 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.

Fines

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. Any past due fees that were not paid at the time of cancellation, must be paid before an account can be reinstated.