13.1
“For Sale” Signs. Only the “For
Sale” signs of the listing
broker may be placed on the
property.
13.2 “Sold”
Signs and Use of the Term
“Sold.” Prior to closing, only
the “sold” or “in escrow” signs
of the listing broker may be
placed on a property, unless the
listing broker authorizes the
cooperating broker to post such
signs. After closing,
“sold” signs of the listing
broker or the cooperating broker
may be placed on a property, and
the listing broker or
the cooperating broker may
advertise the property as “sold.” Only Members who
participated in the transaction
as the listing broker or
cooperating broker may claim to
have “sold” the property.
(2/27/06)
13.3 Use
of On Market MLS Data in
Advertising. Except as
provided in Regulations 14.2 and
14.3, without
the prior written consent of the
listing broker, any
advertising of On Market MLS
Data is prohibited by any Member
other than the listing broker. (2/27/06)
13.4 Use of Comparable MLS Data in Advertising. Except
as provided in Regulations 12.2
and 13.2, any
advertising of comparable MLS data is
prohibited except for
use in a Member’s marketing
materials that are designed to
promote the Member’s services as
a real estate broker, agent or
appraiser, generally. Comparable
MLS Data obtained from BAREIS
and used in such marketing
materials must contain the
following disclaimer:
“This information is
based on sales reported in Bay
Area Real Estate Information
Services, Inc. (BAREIS) and is
not verified and is subject to
change. Listings represented may
not have been listed or sold by
(agent/firm name).
(2/27/06)
13.5 Use of MLS
Data in Market Share
Advertising. Advertising of
statistical data for the purpose
of demonstrating market share is
permitted; provided, however,
any use of MLS data for
demonstrating market share must
include the following notice:
“Based on information from Bay
Area Real Estate Information
Services, Inc. (BAREIS) for the
period [date] through [date]. Information has not been
verified, is not guaranteed, and
is subject to change.” (2/27/06)
13.6
False or Misleading
Advertising and Representations;
Unfair Competition. Members may
not engage in false or
misleading advertising or any
other conduct that violates the
provisions of California
Business and Professions Code,
Section 17200, et seq.,
including, but not limited to,
advertisements or
representations regarding the
Member’s relationship to BAREIS,
BAREIS itself, or any property
listed in the MLS Database. It
shall not be BAREIS’
responsibility to mediate or
resolve conflicts between or
among Members with respect to
false or misleading advertising
or other unfair business
practices. (2/27/06)
13.7
Use of the terms
MLS and Multiple Listing Service. California Civil Code Section
1087 defines a multiple listing
service as: “a facility of
cooperation of agents and
appraisers, operating through an
intermediary which does not
itself act as an agent or
appraiser, through which agents
establish express or implied
legal relationships with respect
to listed properties, or which
may be used by agents and
appraisers, pursuant to the
rules of the service, to prepare
market evaluations and
appraisals of real property.”
No
Participant, Subscriber or
licensee affiliated with any
Participant shall, through the
name of his, her or its firm,
URLs, e-mail addresses, website
addresses, or in any other way
represent, suggest or imply that
the individual or firm is a
multiple listing service, an “MLS,” or that he, she or it operates a multiple listing service.
Participants, Subscribers and
licensees affiliated with
Participants shall not
represent, suggest or imply that
consumers or others have direct
access to the BAREIS MLS®
databases, or that consumers or
others are able to search BAREIS
MLS® databases
available only to participants
and subscribers. This does not
prohibit Participants and
Subscribers from representing
that any information they are
authorized under the Rules and
these Regulations to provide to
clients or consumers is
available on their websites or
otherwise.
Provisions in the Department of
Real Estate Regulations Article
Five, Section 2731 of the
Regulations of the Real Estate
Commissioner governs fictitious
business names and prohibits the
use of any names that are
misleading or would constitute
false advertisement. (Effective
05/19/08)