Common use of Maintaining Security Clause in Contracts

Maintaining Security. a. Each Participant and Subscriber shall be made aware that it is essential to maintain the security of the access devices issued to such persons in order to prevent their unauthorized use by any person not so authorized. Participants and Subscribers shall be prohibited from providing access codes to other Participants and Subscribers who have neglected to purchase access to the lockbox system, however, access to listed properties secured by an MLS lockbox device must still be granted either by the listing agent accompanying the showing agent, client, or customer, or by making a physical key available, or by some other means. b. Participants and Subscribers duly leasing an MLS lockbox device shall: (1) Keep the access device in the Participant/Subscriber’s possession or in a safe place at all times. (2) Not allow his or her personal identification (PIN) to be attached to the access device or disclosed to any third party. (3) Not loan the access device to any person for any purpose whatsoever, or to permit the access device be used for any purpose by any other person. (4) Not duplicate the access device or allow any person to do so. (5) Not assign, transfer, or pledge the rights of the Participant/Subscriber in connection with the use of the access device. (6) Notify the MLS within three (3) days of the loss or theft of an access device. The Participant and/or Subscriber shall sign and deliver a statement to the MLS with respect to the circumstances surrounding the loss or theft of any access device. The MLS shall charge for the replacement of any access device which is lost or damaged. (7) Follow all additional security procedures as reasonably specified by the MLS.

Maintaining Security. a. Each Participant and Subscriber shall be made aware that it is essential to maintain the security of the access devices issued to such persons in order to prevent their unauthorized use by any person not so authorized. Participants and Subscribers shall be prohibited from providing access codes to other Participants and Subscribers who have neglected to purchase access to the lockbox system, however, access to listed properties secured by an MLS lockbox device must still be granted either by the listing agent accompanying the showing agent, client, or customer, or by making a physical key available, or by some other means. b. Participants or Subscribers duly leasing an MLS lockbox device shall give reciprocal access upon request to members of all other MLS Stakeholder Associations by means of a temporary access code. c. Participants and Subscribers duly leasing an MLS lockbox device device, or receiving such a temporary access code (as applicable) shall: (1) Keep the access device in the Participant/Subscriber’s possession or in a safe place at all times. (2) Not allow his or her personal identification (PIN) to be attached to the access device or disclosed to any third party. (3) Not loan the access device to any person for any purpose whatsoever, or to permit the access device be used for any purpose by any other person. (4) Not duplicate the access device or allow any person to do so. (5) Not assign, transfer, or pledge the rights of the Participant/Subscriber in connection with the use of the access device. (6) Notify the MLS within three (3) days of the loss or theft of an access device. The Participant and/or Subscriber shall sign and deliver a statement to the MLS with respect to the circumstances surrounding the loss or theft of any access device. The MLS shall charge for the replacement of any access device which is lost or damaged. (7) Follow all additional security procedures as reasonably specified by the MLS.