Realtor®/Appraisers must continue to grant access to affiliates and unlicensed individuals such as contractors, inspectors, and photographers. The original reason for the change was because of liability risk to the Board by using the one-day codes. For example, if a member gives access to a person using a one-day code, and something happens during this time the person is in the property, or if the one-day code is shared with an unauthorized person. Since the VBR is providing the lockbox service, the liability could potentially fall to the association, because we would not have had a way to track who was in the property.
If members choose to use the one day code feature, they are REQUIRED to input the first name, last name, and phone number of the person entering the property so that the MLS has the data needed for our liability. As part of the changes to the Rules and Regulations, a fee of $50 per occurrence will be issued to members who violate this requirement.
This change requires an update to the MLS Rules and Regulations, and the redlined changes are linked below. Because we are amending Exhibit B, we are required to provide a 10-day notice of these changes to all subscribers. The one-day code feature will be activated for members to use again starting on Monday, August 17th.
Adding the one-day codes feature is an additional backup for members to use; the SentriConnect feature is still the most secure way to allow individuals access to lockboxes.
