Category: TrustFunds

Kevin Shannon of Edina Realty loves all the time and effort TrustFunds, a new core service we introduced back in March, saves him in managing the earnest money process for his transactions. TrustFunds not only delivers an earnest money transaction with just a few clicks (no driving around wasting gas money and time!), but should a deal get canceled, TrustFunds delivers the money back just as fast.

Watch more of what Kevin had to say about TrustFunds in this quick two-minute video interview below:

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Want to see how quick and easy it is to send an earnest money request to your client? Now you can using a new NorthstarMLS core service called TrustFunds that we introduced back in March.

Check out this brief tutorial video (under 2 minutes) and learn how to send an earnest money request to your buyer. It can be a huge time saver for you and your clients — no more driving to the bank wasting gas!

 Click Here to Watch the Video

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Tip of the Week – NorthstarMLS Core Services

Did you know that there are over 20 NorthstarMLS Core Services? These are the applications and services that are included with your MLS fees at no additional charge — which include Matrix, Realist, BookAShowing, Add/Edit, Infosparks and more.

You can view all NorthstarMLS Core Services here

Additional Tools & Services
NorthstarMLS® contracts with a number of 3rd party vendors who provide additional value-add services to NorthstarMLS users. NorthstarMLS provides a data feed to these vendors. They incorporate the data into their products and market them to NorthstarMLS users for an additional fee. Click here to see a list of all the vendors who currently have a data feed.

Please Note: NorthstarMLS does not endorse any of these products/services, nor do we provide technical support for them. We enable their use in our market through the MLS data feed. Purchase of any of these additional tools is your business decision. Contact them directly to learn more about and purchase their products.

Need a little Extra Guidance of the NorthstarMLS System?
Check out the NorthstarMLS YouTube Channel! You can go online quickly learn how to use some of the NorthstarMLS® core services, and even learn some tips and tricks for them.


Submit Your Own Tip! Do you have a question that you would like to see featured a Tip of the Week? Or maybe you have your own tip you would like to share with other NorthstarMLS users. Send your question or idea to tips@northstarmls.com. We will use one submission each month and the winner will receive a $30 Caribou Coffee gift card!


Tips On Demand Want to check out older Tip of the Week topics? Click here to view an archive of previous Tip of the Week entries.

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TrustFunds has “simplified the way we do real estate today,” says Jeremy Cudd, broker from Property Executives Realty in Hudson, Wis. Agents are busy and don’t always have time to try new tools/products that can help make their business more efficient. But Jeremy has found that many of his agents don’t want to go back to the old way of collecting earnest money checks (usually entails a drive to the bank at the very least) after using TrustFunds.

Watch Jeremy talk about the advantages of using TrustFunds for all his Earnest Money transactions.

To get started, select TrustFunds from the Matrix Home tab menu. Click here to learn more.

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When Janet C. was purchasing her house, she was out of town for most of the duration and worried that she might not be able to complete an earnest money transaction in time to save the deal with other offers on the table. But with TrustFunds, a NorthstarMLS core service we introduced back in March, she was able to submit her earnest money transaction while being miles away from her agent. Securing her home!

Watch more of what Janet had to say about her experience using TrustFunds to complete her earnest money transaction for her home purchase in the video interview below:

Want to see how quick and easy it is to send an earnest money request to your client? Check out this brief tutorial video (under 2 minutes) and learn how to send an earnest money request. It can be a huge time saver for you and your clients!

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“There’s nothing to even learn — it’s super simple — couldn’t have made it any easier [to use],” says Janelle Mulowski, an agent at Downtown Resource Group, when she’s asked by other agents/colleagues about TrustFunds. It’s a NorthstarMLS core service we introduced back in March.

Janelle also talks about a past deal almost fell apart when an earnest money check was lost and a new offer had to be made. That won’t happen with TrustFunds!

Watch more of what Janelle had to say about TrustFunds in this video interview below:

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“By using it, you’re simplifying your client’s transaction incredibly – saving them a lot of time in having to go mail something or go to the bank for a certified check,” says Adam Duckwall, a broker/agent at BRIX Real Estate about TrustFunds, a NorthstarMLS core service we introduced back in March.

Adam also explains TrustFunds’ online earnest money tracking capability that allows him to know exactly when his client has made the deposit, when it’s been received on the other end and when it’s funded. It’s all made possible through a one-click system integration with NorthstarMLS, making it “incredibly easy to use.”

Watch more of what Adam had to say about TrustFunds in this video interview below:

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“Earnest money made easy – finally!” That’s how local agent Chad Dixon of RE/MAX Results (Eden Prairie) describes TrustFunds, a NorthstarMLS core service we introduced back in March.

TrustFunds helps Chad eliminate the worry of where his client’s paper check is “floating around” with the tracking component of TrustFunds. He no longer has paper checks with account numbers and routing numbers laying around the office or back seat of a car. Chad’s clients can make their earnest money payment online in minutes with the click of a few buttons — no extra trips to the bank wasting gas!

Listen to more of what Chad has to say about how simple, easy and efficient TrustFunds is in the brief (under 2 minutes) video interview below:

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TrustFunds Makes Earnest Money Deposits a Snap for your Buyers!

Are you using TrustFunds with your buyers on the listings of participating brokers? Don’t miss out on this fast, secure and easy way to make earnest money deposits. Your clients will love you for it!

TrustFunds is available through NorthstarMLS to all agents representing buyers who have completed their personal profile. It is not a requirement that your broker be a member of TrustFunds for you to facilitate the electronic deposit of your buyer’s earnest money as long as the listing broker is a member of TrustFunds.

If a listing broker is a member of TrustFunds, the ‘TrustFunds Electronic Earnest Money Deposit’ link will appear on the detail page of the listing below the photo. In addition, you will see the TrustFunds icon next to the name of the listing broker in the Contact Information section of the listing.

To get started simply click on the ‘TrustFunds’ link in the External Links box on the Matrix home screen (or from the drop-down Home tab menu) and complete your profile.

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Benefits of TrustFunds for Brokers Recorded Webinar

Were you unable to attend any of the live Benefits of TrustFunds for Brokers Webinar sessions over the past couple months? No worries! Now you can view the same webinar that over 600 NorthstarMLS agents attended, on your own time.

TrustFunds is now available through NorthstarMLS. It’s a secure and convenient web-based service that allows buyers to simply and securely make their earnest money payment online and easily verify the status at anytime.

 Click here to watch the Broker TrustFunds Video


Not a Broker?
Watch the Benenfits of TrustFunds for Agents Recorded Webinar — tailored for Agents. Click here to view it.

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