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3. DEFINITIONS

3.1     “Member” means a Member, as defined in the Bylaws, and, for purposes of these Rules and Regulations, includes a broker Participant, an appraiser Participant, a real estate Subscriber, an appraiser Subscriber, or an administrative user.  See Regulation 5 for a definition of each membership type under these Regulations.

3.2     “Buyer” shall also include a lessee as well as an exchangee in a real property exchange, as the case may be.  “Seller” shall also include a lessor as well as an exchanger in a real property exchange, as the case may be.  All references to a “sale” shall also include a lease or exchange.

3.3     “Filed with BAREIS” means any listing (or change to a listing) submitted for input to the MLS Database on a listing input form (or listing change form) to be input by BAREIS staff if directed to do so by the listing broker, or listing information entered directly into the MLS Database by the listing broker.  BAREIS does not retain a hard copy of the listing input form.

3.4     “Business Days” means Monday through Friday, excepting California and federal holidays.

3.5  
 “MLS Database” means BAREIS’ copyrighted multiple listing service database and computer software, whether in tangible or electronic form, in whole or in part, including all copyrighted photographs and images in such database.

3.6    
“MLS Data” includes, but is not limited to, the MLS Database, all data submitted by Members to BAREIS, all membership contact information, and all copyrighted BAREIS publications, instructions, training materials and similar matter, whether in print or electronic form.

3.7     “On Market MLS Data” means that section of the MLS Database that includes listings of real property that are currently for sale, as well as all indexes and other information relating to the current listing inventory. (2/27/06)

3.8     “Comparable MLS Data” means that portion of the MLS Database that includes the off-market data and sold information regarding properties that are not currently for sale, as well as all indexes and other information relating to sold listings.

Contents
NOTICE
1. Authority
2. Purpose
3. Definitions...
4. Ownership...
5. Membership...
6. Fees & Charges...
7. Notification...
8. Regional/...
9. Listing Procedures...
10. Selling Procedures
11. Compensation
12. Confidentiality...
13. Advertising...
14. Internet...
15. Lockbox/Keypad
16. Violations...

 To print a full version of the new Rules & Regulations click here Complete version.

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All rights reserved.

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