I ran into this list today and thought I'd share it as I think it's a great way to summarize the biblical view of prophets and prophecy.
1. If God gives someone a prophetic word, and they declare it as "thus sayeth the Lord", and it comes to pass, then they are a prophet. If He didn't give it to them, or they get it wrong, then they're a false prophet.
2. Anyone who has written "scripture" since the close of the cannon in the first century is a false prophet. IE, nothing written since the end of the first century is scripture, period. The cannon of scripture is presently closed until the Millennial kingdom where it will be briefly reopened under the direct supervision of Christ. Until then, anything outside of biblical cannon is apocrypha.
3. People who have dreams and visions given by God are NOT prophets. Stop calling them that. Dreams and visions can be prophetic, but that doesn't make someone who receives them is a prophet. (IE, see #1 or #2 for the definition of "prophet" according to the bible) If they agree with scripture, or at the very least are neutral (IE, neither agree nor disagree), be discerning and at least give them some consideration. If they go against scripture, they are false and should be ignored.
4. There are NO modern prophets. None. Period. So stop saying there are. (personal note: I slightly disagree with this, but only in reference to point 1, and not #2. That one I fully agree with. #1 I think still exists, but they're hyper rare, unlike in times past.)
Anyhow, this was an interesting list I thought I'd share with you. :)