NorthstarMLS has added several commonly requested data fields to the MLS.
Contingency: We have added two new options within the Contingency field—With Bump Clause and Without Bump Clause. These two options are available only for listings located in the State of Wisconsin. According to the Wisconsin Realtors Association, a bump clause essentially permits a seller who has found another buyer with a better offer to “bump” the first buyer out of the transaction if the first buyer cannot meet the requirements stated in the offer. For information about bump clauses, see pages 19-20 of this document on the WRA website.
Co-Selling Agent and Office: You may now indicate a co-selling agent and office on a sale. The List Office may enter these when the property is set to Pending status. These fields are optional.
Garage Dimensions: Previously you had to enter the Garage as an “Extra Room” if you wanted to indicate the dimensions. Now it has its own field. Start with the front of the garage and measure clockwise around. This field is optional.
PID #2 and PID #3: When you have a listing with more than one PID number, you can now enter up to three of them in their own fields. For example a land listing with more than one PID or a condo with a separate PID for its garage stall.
These fields are available now in the Add/Edit system. They are also available in Matrix for search and on the NorthstarMLS listing input forms in Matrix. They will be available on the Matrix displays and reports by the end of the day (Wednesday).