Starting Tuesday, February 18, NorthstarMLS has new data fields and new options under existing fields. These are to accommodate popular requests from current subscribers, and to accommodate potential future MLS mergers.

Please take a few moments to check out our detailed list of MLS field changes.

Here are some of the highlights:

  • Property Sub Type: A new field where you can identify special kinds of properties beyond the Style field, such as Patio Homes, Cabins, etc. 
  • Internet Options: A new field to indicate the type of Internet connections available (Cable, DSL, Fiber Optic, Satellite).
  • Parking Characteristics: Added values to indicate when there are multiple garages, a shared garage/stall or an electric vehicle charging station.
  • Appliances: Water Heater options added for Gas, Electric, Oil and Wood.

Check out all the changes in our comprehensive list.

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Graphiq “data visualizations” are now available to view in the Matrix client portal. You and your clients will find them on the property detail screens on the right side, just below the property map. The added data and knowledge from these visualizations include:
  • Walk IQ/Drive IQ: Scores the walkability and drivability of the location compared to other homes across the country.
  • Schools: public and private schools in the area, including ratings for public schools and student:teacher ratios or private schools.
  • Real Estate Market Trends Overview: Market health score and home price index.
  • Home Ownership Overview: Rent vs Own, fuel costs, costs of ownership.
Source of the data: For details on where the data comes from for each of these, click the “Show details” link at the bottom of the data visualization box. Example:
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NorthstarMLS is excited to launch Remine, the latest core service that is part of your MLS subscription. Remine combines data on property and people to help you more effectively target your prospect marketing.

Get Started Now!
From the Matrix Home tab drop-down menu, or in the “External Links” box on the Matrix Home screen, click the “Remine” Remine will open in a new browser tab. You can also bookmark the direct link https://northstarmls.remine.com.

How Does Remine Work?

  1. Start with this 3-minute Remine overview video. For many, this will be enough to get started and exploring the program.
  2. When you open Remine, click through all the pop-ups that show you how to use each section of the program. At any time, click “Tutorial & Help” (bottom right of the Remine screen) to go through the walkthroughs and tutorial.
  3. Come to one of our in-person demos around the metro the week of Feb 12 (check the News box on the Matrix Home screen for the schedule and sign-ups) or, in the St. Cloud or Greater Lakes Area, sign up for one of the live webinars the week of Feb 19 (also detailed in the Matrix News box). More live webinars will be added soon for all NorthstarMLS subscribers if you can’t make it to a live event.
  4. Request a 1-on-1 online demo from a Remine success coach. In Remine, click the drop down menu (with your name) in the upper right corner. Select “Request a Demo” and follow the prompts.

What is Included with Remine as a NorthstarMLS Core Service?
The Remine “Starter” level, available to you at no extra charge as part of your NorthstarMLS core service, contains most of the Remine functionality. There are several extra data visualizations and expansions to the number of properties and people you can track, available with an additional cost subscription. For subscription details, click the drop-down menu (with your name on it) in the upper right corner of Remine and select “Subscriptions.”

Remine Highlights

  • Predictive Analytics: Know when clients are most likely to buy or sell property
  • Opportunity on a Map: Visualize dozens of data layers to help you extract new deals
  • Track People and Property with Timely Alerts: Keep a pulse on properties, neighborhoods, and people including changes in sell score, MLS activity, occupancy, deeds and more
  • Simple Map-Based Search: Sort opportunities by propensity to sell, value, equity, mortgage information, ownership time and more
  • Contact Information: Purchase household contact information of owners, absentee-owners, and non-owner occupants (18 and older)
  • Score your Contacts: Upload your own contacts and score them based on their real estate and propensity to sell

If you have any questions, contact our help desk: help@northstarmls.com or 651-251-5456 (1-877-251-5455 toll free), M-F, 8:00 to 5:00.

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Tip of the Week — Using Max in Infosparks

Meet Max. Max goes back a loooong way. Like as far back as there is reliable data. Infosparks defaults to a 3-year historical view of the market, because most answers can be obtained by looking at fairly current data.

But if you want to see a longer trend line, than select Max (as seen in the screen shot below).

Here are two examples using Homes for Sale (click for screen shot) and Median Sales Price (click for screen shot) in the Twin Cities. In each case, the trend line for a three-year view only scratches the surface of what Max can offer. Utilize Max (click for screen shot) to set buyer and seller expectations.

Click here for a printable PDF of this Tip with large screen shots.


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


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!

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“I’ll trade you these Vikings versus Packers tickets for a list of homes that are pending – deal?” Seems like a great offer, but did you know that you would be in violation of MLS rules (subject to a $1,000 fine) if you accepted it?

The NorthstarMLS Rules and Regs department has received complaints about a use of MLS data not allowed by MLS rules. A recent example of this was a local moving company asking an agent for a list of pending and recently sold homes to generate business. Be on guard for these and other third parties that may attempt to strike a deal with you to access your data or share your system access (if so, please inform NorthstarMLS immediately).

Remember, only authorized agents, appraisers and office staff may access the system. Do not share your access information under any circumstances with anyone, including colleagues, customers, non-member agents, assistants, friends or family. Thank you for helping ensure that MLS data is accessed and used consistent with the rules.

Questions? Our rules & regs staff is here to help! If you have questions about NorthstarMLS rules and regs, contact us at help@northstarmls.com or call 651-251-3210.


Submit Your Own Rules Roundup Question or Topic! Do you have a question or topic that you would like to see featured as a Rules Roundup article? We’ll supply the answers. Just send your idea to tips@northstarmls.com. We will use one submission each month and the winner will receive a $30 Caribou Coffee gift card!


Rules Roundup On Demand Want to check out older Rules Roundup topics? Click here to view an archive of previous Rules Roundup entries.

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Minnesota State Data Sharing Available Again to NorthstarMLS Subscribers

Since the original Minnesota MLS data share agreement ended, we have looked for alternatives for sharing statewide listing information and offers of compensation. We initially announced FIND as a solution, but have since added RPR View™ from Realtors Property Resource.

RPR View™, consolidated into RPR, is already available to you through your NorthstarMLS subscription. You may now access listings in RPR (including offers of compensation) from these Minnesota State MLS’s:

  • Duluth Area Association of Realtors
  • Greater Alexandria Area Association of Realtors
  • Lake Region Association of Realtors (Fergus Falls)
  • Northwest Minnesota Association of Realtors (Bemidji)
  • Realtor Association of Southern MN (Mankato)
  • Southeast Minnesota Association of Realtors (Rochester/Winona)
  • West Central Association of Realtors (Willmar)

Please take a moment to watch this short video that shows how you can access these MLS listings, including offers of compensation through RPR.

If you have never used RPR and need to create an account, learn how here. If you need help, RPR’s Call Center is ready to walk you through, 24/7. Call 1-877-977-7576.  Once your account is set up (or if you have already been using RPR), access it here from the Matrix home tab drop-down menu or the External Links box.

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TLC – True Lifestyle Cost – an exciting core service from NorthstarMLS, uses Big Data to help you show home buyers the true cost of homeownership.

TLC taps the most trusted and up-date data sources to provide a solid benchmark to show the true costs of all the expenses that comes with buying a home: Commuting expenses, energy bills, car insurance costs, local day care fees and more.

TLC then takes it one step further, allowing the data to be updated by you and your sellers, improving the data by including what your sellers really pay for home costs. This seller-sourced information makes the benchmark numbers that TLC provides even more accurate. That’s something you can’t get from a Zillow search.

Try TLC today!
When you’re signed into Matrix, click on “True Lifestyle Cost” in the External Links box.


Want to learn more about True Lifestyle Costs (TLC)?
Click here to check out a library of articles, videos and tutorials to help you get started using TLC, or to learn more about this great new MLS tool.

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Tip of the Week – Versatility with Infosparks

As an agent, you are an expert in every area of your business – marketing, advertising, business development, sales, social media and more! Infosparks can help build your brand and business as a one-stop stats shop. Infosparks can help:

•  Leverage MLS data on the fly
•  Create stats that position you as the data expert in your market
•  Create custom reports for use in marketing and advertising campaigns (print and online!)
•  Pull up stats at events and open houses to demonstrate the speed with which you can access your resources
•  Print reports for handouts and displays at open houses or listing agreements
•  Use reports to strengthen bargaining power during negotiations
•  Manage client expectations in and out of the office with empirical data

TRY IT OUT!


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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As announced by your REALTOR Associations, the Minnesota MLS data share organization SASI’s data vendor contract ended April 30.

We are pleased to announce that the participating REALTOR Associations now have an alternative method for sharing MLS listings with offers of compensation included. This sharing is available through the Find application, available to you as a NorthstarMLS core service.

Association listings currently available through Find are the Duluth Area Association of Realtors and the Realtors Association of Southern Minnesota (Mankato).

Other Association MLS listings that will be added soon are: West Central (Willmar), Greater Alexandria, Northwest Minnesota (Bemidji), Lakes Region (Fergus Falls) and Southeast Minnesota (Rochester). We will update you as these become available.

As of now, members of these Associations can view NorthstarMLS listing reports (including the offer of compensation) in Find.

To access Find, select it from the External Links box here on the Matrix home screen:

Within Find, search your desired area, for example Duluth. On the listing detail pages, you will find a link like this:

Click the link to open an MLS report that includes the offer of compensation.

We understand this solution is not as convenient as being able to search and view the listings directly within NorthstarMLS, but we are pleased to be able to offer it as an alternative (to having nothing) to help you do business in Minnesota across the arbitrary boundaries between MLS’s.

For help using Find, open the Find application and click the Help link in the upper left corner of the screen:

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Tip of the Week – Rolling 12 Month

Because of their volatile nature, stats based on small geographic areas can appear distorted. Provide your clients with a realistic picture of smaller markets by adjusting for seasonality and small sample sizes.

By using the Rolling 12 Months calculation in Infosparks, you can educate buyers and sellers on basic fundamentals of statistics and provide meaningful information that can be used to make buying and selling decisions. The concept of rolling 12 months is quite simple. Each data point on the line graph represents 12 months of activity up to that point in time. The sample set will be larger for more meaningful trend analysis. Note how much smoother the line is when using the Rolling 12 Months calculation.

CLICK HERE TO TRY IT OUT!


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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