CHANGES IN RULES AND REGULATIONS

Section 14 - Changes in Rules and Regulations:

Amendments to the Rules and Regulations of SCCMLS shall be by consideration and approved by a two-thirds (2/3) vote of all members of the MLS Standards Committee present and voting, subject to approval of the Board of Directors of the SCCMLS and subject to an annual approval by the Board of Directors of the Santa Cruz County Board of REALTORS® (shareholder).

(A) Any changes to the Rules and Regulations of SCCMLS, mandated by the National Association of REALTORS®, shall be automatically incorporated into the current Rules and Regulations and do not require approval by the MLS Standards Committee or the Board of Directors of the SCCMLS.

Section 14.1 – Effective Rules Changes:

Amendments to these Rules shall become effective at such future date as the SCCMLS Board of Directors may designate, but no sooner than ten (10) Days after their approval in accordance with the governing documents of the MLS. SCCMLS will send each Participant and Subscriber a written notification via email of approved changes to these Rules.

(A) The MLS Standards Committee will re-evaluate any objection and take appropriate action subject to approval of the SCCMLS Board of Directors at its next regularly scheduled meeting.