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 (a record high for a first quarter) – 98% of them were waived or no fine was given. But the notices are an important part of ensuring the most accurate and up-to-date data for NorthstarMLS subscribers.

Watch our Q1 Summary Video (under 2 mins!) and see what the Top 5 Listing Violations and Top 5 Incorrect Data Issues were for NorthstarMLS subscribers this past quarter.

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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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 as possible.

In quarter four of 2014, the NorthstarMLS Rules and Regulations Department addressed 5,864 listing violations – 97% of them were waived or no fine was given. This infographic highlights the top 5 most common data errors and other issues reported by our rules & regs staff during the fourth quarter of 2014.

Questions? Our rules & regs staff is here to help! Contact us at help@northstarmls.com or 651-251-3210.

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