NEW RILIVING.COM RENTAL ADVERTISING POLICIES

New Policies Adopted for Rental Classified Advertising on RILiving.com - In an effort to address growing complaints related to the existence of numerous off-market rental properties on RILiving.com, the State-Wide MLS Board of Directors recently voted to implement new advertising policies for rental property ads posted to our consumer website. Effective Tuesday, June 29th:

(1) Although still renewable, the new maximum ad duration time for an RILiving rental property will be reduced from 90 days to 30 days;

(2) A rental property ad's posted/renewal date will now be displayed;

(3) Members must remove a rental property ad from RILiving within 48 hours after that property becomes unavailable to prospective renters.

Failure to comply with this policy will result in a $50 fine and automatic withdrawal of that ad, escalating by an additional $50 for each subsequent property ad not in compliance with this policy.