Article 1: ORGANIZATION AND PURPOSE

Section 1.1 Name

The name of this organization is the Central Virginia Regional Multiple Listing Service (CVR MLS). CVR MLS is a Virginia limited liability corporation solely and wholly-owned by the Richmond Association of REALTORS® and the Southside Virginia Association of REALTORS®.

Section 1.2 Service Area

CVR MLS primarily serves the cities of Richmond, Hopewell, Petersburg and Colonial Heights, and the Counties of Chesterfield, Dinwiddie, Goochland, Hanover, Henrico, Powhatan, Prince George, Charles City, New Kent and King William, Greensville, Surry and Sussex. However, CVR MLS provides its Users with tax records for every Virginia jurisdiction to facilitate the entry of all Virginia listings into the MLS Database. All listings requiring mandatory submission under these Rules and Regulations should be entered into the MLS unless it has been entered into the MLS of a data share partner.

Section 1.3 Purpose

The Multiple Listing Service operated by CVR MLS is: 

A. a facility for the orderly correlation and dissemination of listing information so Participants may better serve their clients and customers and the public;

B. a means of enhancing cooperation among Participants;

C. a means by which information is accumulated and disseminated to enable authorized Participants to prepare appraisals, analyses, and other valuations of real property for bona fide clients and customers; and

D. a means by which Participants engaging in real estate appraisal contribute to common databases (Revised).

Section 1.4 Meetings

The meetings of the CVR MLS Board of Directors for the transaction of CVR MLS business shall be held in accordance with the Operating Agreement and Policies and Procedures of CVR MLS.

Section 1.5 Posting of Rules & Regulations

A current version of the CVR MLS Rules & Regulations is available on the CVR MLS web site. CVR MLS Rules and Regulations may be amended from time to time by the Board of Directors of the Central Virginia Regional MLS. Changes to the Rules and Regulations will be noticed to all Users on the CVR MLS  website and shall become effective no earlier than 30 days after such notice is posted.