Compliance Corner- Adding Teams to Closed listings

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Please note: this article is a snapshot of a message that was posted on the MLS system at some point within the last year.  Things evolve rapidly in our industry, and the information in this article may have changed since it was first published. Compliance Corner articles are not updated after they are published, even if the information contained within has changed.

For the most up-to-date information on this (or any other topic), please visit our SmartDesk.

 

Compliance Corner #66

January 18, 2023

 

Adding Teams

to Closed Listings

 

 

 

We have received a number of inquiries requesting that a Team ID be added to the sales side of closed listings. Before SmartMLS can add a Team ID to a listing, SmartMLS staff is required to check DCP to make sure that the agent is a registered member of the team on DCP at the time of the request and verify that the member is listed on the team in Matrix.

If a request comes in and the team member is not listed on DCP, SmartMLS will not add that Team ID to the closed listings, even if the agent is added after the fact.

SmartMLS timestamps the records from DCP showing the full list of agents registered with any team. Any agent added to the team after the listing has closed in SmartMLS will not qualify to have the TEAM ID added to those closed listings as the agent was not a registered member of the team on DCP prior to the listing closing.

Please make sure you are keeping track of the members on your team. All members must be registered with the DCP and be active members of SmartMLS. To add or remove members to a team in Matrix, please reach out to our Membership Team directly at 203.750.6000, option 2.

For more information on teams and to register team members with the state, please reach out to DCP directly or click the following link.
https://portal.ct.gov/DCP/License-Services-Division/All-License-Applications/Real-Estate-Teams

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The Compliance Team values your opinions, comments and suggestions. Never hesitate to contact us at compliance@smartmls.com or 203-750-6000.

 

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