Rules Roundup: Comp Sold Listing

When can I enter a Comp Sold Listing?

If you represent the buyer in a transaction and the seller has not signed a listing contract with a NorthstarMLS participant, you may (with the buyer’s signature on an Input form) record the sale on NorthstarMLS as a Comp Sold. A Comp Sold is a property sold by an MLS participant when the property was never available for sale on NorthstarMLS. A Comp Sold will not have a listing agent as there was no listing contract under NorthstarMLS.

A Comp Sold cannot be entered as an actual listing and then changed to sold because it never has active status, so it should not show MLS Market Time.

Comp Sold listings do count towards broker market share, and will be available to other agents and appraisers for CMAs and appraisals. There are fewer required fields on a Comp Sold listing, but we encourage you to enter all fields as they are valuable for those CMAs and appraisals.

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