Category: Data Accuracy

MLS data is always evolving and being updated. Inaccurate listing data can quickly deflate potential buyers’ perceptions of your clients’ home. NorthstarMLS safeguards market information so you can do your job confidently. When you login to the MLS, you can be assured that you’re seeing the latest, most accurate information about a property. The rules we operate by, the decisions we make, the regulations we enforce: all are created through …

Rules Safeguard your MLS Data Read More »

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Each week the NorthstarMLS Rules & Regulations Department receives reports of potential issues with listings in the Matrix System. You’ve probably run across these at some point. Anything from inaccurate data – wrong square footage measurements or photo issues – such as a company sign in the photo, to name a couple examples. What’s the Need for Rules in the MLS?  In quarter one of 2016, the Rules & Regs Department addressed 5,134 listing violations …

Rules Roundup: The Q1 2016 Summary Read More »

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Rules Roundup – Are You Putting the Correct Status Updates on Your Listings? Inaccurate listing statuses and untimely listing updates in the NorthstarMLS database continues to be one of the most common complaints to our Rules and Regs Department. In fact, in 2015 there were over 850 violations for incorrect statuses or contingencies. It has an adverse effect on your sellers, buyers and the entire NorthstarMLS community who …

Rules Roundup: TNAS and Statuses Read More »

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Rules Roundup – Third Quarter Stats Summary In quarter three of 2015, the NorthstarMLS Rules and Regulations Department addressed 7,432 listing violations – 98% of them were waived or no fine was given. This infographic highlights the top 5 incorrect data issues, top 5 rule violations and other issues reported by our rules & regs staff during the third quarter of 2015. Submit Your Own Rules Roundup Question …

Rules Roundup: Q3 Stats Summary Read More »

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Tip of the Week – Past the Projected Closed Date Have you ever received a notice for a listing that is “Past the Projected Closed Date”? It is one of the most common violations that the NorthstarMLS rules and regulations department addresses. In 2015, there has already been over 9,900 violation notices that could have been avoided if agents or an office member had updated their pending listings. …

Tip of the Week for 10/5 Read More »

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Rules Roundup – Don’t Be That Agent! Each week the NorthstarMLS Rules & Regs Department receives reports of potential issues with listings in the Matrix System. You’ve probably run across these at some point. Anything from inaccurate data – such as the wrong square footage or photo issues – such as a company sign in the photo, just to name a few examples. Watch this compilation of some of the ones …

Rules Roundup: Don’t Be That Agent Read More »

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Rules Roundup – Q4 Rules & Regs Stats Summary Inaccurate listing data can quickly deflate potential buyers’ perceptions of your clients’ home. More than ever, the accuracy of the listing data you input into NorthstarMLS affects the success of the appraisal and loan processes. You’ll be helping yourself, your seller/buyer, appraisers and everyone else using the NorthstarMLS system by ensuring each listing is as accurate, complete and up-to-date …

Rules Roundup: Q4 Stats Summary Read More »

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Tip of the Week – Renewed Urgency for Data Accuracy Starting today (Jan. 26), Fannie Mae is making its new Collateral Underwriter program available to lenders. This automated model flags potential errors in an appraisal and scores it for the overall risk of inaccuracy. Depending on the results, lenders may slow down the loan approval process or deny the loan altogether. This has significant potential consequences for all …

Tip of the Week for 1/26 Read More »

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Tip of the Week – Report a Problem With This Listing Did you know there is a quick and easy way for you to help us make the NorthstarMLS database as accurate as possible? On every listing’s Property Full Display, there is a link labeled “Report a problem with this listing.” If you see any problem with a listing, click this link to let the NorthstarMLS Help Desk …

Tip of the Week for 10/6 Read More »

Rules Roundup: Measuring a 4-Level Split Have you ever struggled measuring a split level house? Accurate measurements are critical to fellow agents, potential buyers, CMA’s, appraisals, etc. Incorrect or incomplete data remains one of the top violations reported to the NorthstarMLS Rules and Regs Department each year. In fact, last quarter there were over 2,300 total notices on listings with incorrect or incomplete data – such as measurement …

Rules Roundup: Measuring Video (Pt. 2) Read More »

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