MLS Policy states that all information entered into the MLS, including address, are accurate and timely. However, questions are being raised on what is the actual property address. This is especially true in the address area – do you use United States Postal Service (USPS) city, taxing municipality or perhaps a school district coverage area?
The correct answer is taxing municipality. Although Metro MLS is looking at ways to incorporate USPS into the address as well as provide information on the taxing municipality that is some time off. The most common violation that we enforce with incorrect address information is how a member may intentionally misrepresent a property address or location. In these scenarios members may feel a certain city, township or school district may be more desirable or perhaps have the opportunity to sell at a higher price. This practice is not acceptable and those found in violation are fined. This practice may also lead to a violation of article 12 of the Realtors Code of Ethics which states:
REALTORS® shall be honest and truthful in their real estate communications and shall present a true picture in their advertising, marketing, and other representations. REALTORS® shall ensure that their status as real estate professionals is readily apparent in their advertising, marketing, and other representations, and that the recipients of all real estate communications are, or have been, notified that those communications are from a real estate professional.
The primary purpose of MLS is to provide accurate information and the address field is key among those facts.