Download Responses Q1. Which of the following is NOT a PRIMARY purpose

Responses
Q1. Which of the following is NOT a PRIMARY
purpose of the Cincinnati Multiple Listing Service?
Participants engaging in real estate appraisal can
contribute to common databases
Enhanced cooperation among Participants
Blanket offers of cooperation and compensation
with other MLS Participants
(Correct) Marketing tool for the sale of property
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Q2. Which types of Listing Agreements are accepted
by CincyMLS?
Verbal
Open Listing
CincyMLS accepts all Listing Agreements
(Correct) Exclusive Right to Sell and Exclusive
Agency only
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Q3. What is the time frame to enter a listing into MLS
to avoid a violation?
There is no limit
Within thirty (30) days
Within seven (7) days of the list date
(Correct) Within three (3) business days of the
listing date
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Q4. Under which status is a Listing Agreement still
valid but the property is not being actively marketed
in MLS?
Expired
Cancelled
Sold
(Correct) Conditional Withdrawal
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Q5. Which of the following is permitted in the
Marketing Remarks section?
Your company website
Showing Instructions
Your name and contact information
(Correct) Descriptive information about the
property
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Q6. When may a property be accessed without
setting a showing?
The property has a KEYbox
The showing was unexpected
The property is vacant
(Correct) Specific authority was stipulated in the
Agent Remarks
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Q7. Suburb Identification Code (SIC) assignment in
MLS is determined by which of the following?
Zip Code as determined by the Auditor or CAGIS
Mailing Address as determined by the Auditor or
CAGIS
School District as determined by the Auditor or
CAGIS
(Correct) Tax District as determined by the
Auditor or CAGIS
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Q8. Failure to pay CincyMLS Agent Dues and
applicable Late Fee and Reactivation Fee within thirty
(30) days of the due date may result in which of the
following?
$100 Fine
No additional action will be taken
Additional $20 Late Fee
(Correct) Suspension of Office, including all
members and subscribers
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Q9. When should you change a listing to the Pending
status?
Within three (3) business days of financial
commitment date
Within three (3) days after the lender agrees to
the purchase contract of a short sale
Within three (3) business days after inspections
are complete
(Correct) Within three (3) days of accepted offer
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Q10. Which MLS action requires seller authorization
and paperwork to be submitted to CincyMLS for
validation?
Updating the Estimated Selling Date
Changing the status to Sold
Changing the status to Pending
(Correct) Changing Active listings terms such as
price or expiration date
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Q11. Which of the following would not fall under the
responsibility of CincyMLS?
Validating listing documents
Rapattoni data
Late status changes
(Correct) Code of Ethics violations
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Q12. Are a Board/Association of Realtors and the
CincyMLS the same organization?
Yes
(Correct) No
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Q13. Why does CincyMLS have so many rules?
CincyMLS staff are control freaks
It gives something for CincyMLS staff to do all
day
Monetary Gain
(Correct) Accurate data and cooperation is the
most valuable asset our members have and
everyone needs to follow the same rules
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