Tag: MLS Rules

MLS data is always evolving and being updated. Inaccurate listing data can quickly deflate potential buyers’ perceptions of your clients’ home. NorthstarMLS safeguards market information so you can do your job confidently. When you login to the MLS, you can be assured that you’re seeing the latest, most accurate information about a property. The rules we operate by, the decisions we make, the regulations we enforce: all are created through …

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Rules Roundup — Showing Etiquette Infographic Gearing up for a busy summer? Monday marked the official first day of Summer 2016 and it’s shaping up to be a good one for the housing market. More than 85 percent of buyers who said they plan to buy a home this year say it will be in the spring or summer of 2016. That could mean lots of showings and …

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Rules Roundup – Status Change Over the Holidays Are you working with a seller who would rather not schedule showings over the holidays? If the property is going to be unavailable for showing for more than 24 hours, the listing must be changed to TNAS (Temporary Not Available for Showing) Status. Those days won’t count toward the Days On Market and the listing can go back to Active …

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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 …

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Tip of the Week – Past the Projected Closed Date Have you ever received a notice for a listing that is “Past the Projected Closed Date”? It is one of the most common violations that the NorthstarMLS rules and regulations department addresses – over 14,000 violation notices could have been avoided in 2014 if agents updated their pending listings. This video will walk you through how to create …

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Real Estate Rush Hour – “Picture Perfect” Remember, at least one photo must be uploaded to NorthstarMLS within two business days of the listing being entered (except Lots & Land). In our next Real Estate Rush Hour adventure, Sheriff Polaris & Deputy Flicker attempt to defuse an issue with listing photos, or lack thereof, in the MLS. Real Estate Rush Hour Comic Strips As we recently announced, we …

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Rules Roundup Measuring Video Incorrect or incomplete data remains one of the top violations reported to the NorthstarMLS Rules and Regs Department each year. In fact, last quarter there were over 2,300 total notices on listings with incorrect or incomplete data – such as measurement of the finished square footage, foundation size or room dimensions. Accurate measurements are critical to fellow agents, potential buyers, CMA’s, appraisals, etc. To …

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Rules Roundup Showing Etiquette Infographic After a seemingly endless winter, the spring market is here and warmer weather is finally here to stay — hopefully giving way to more showings for your listings. While this is not an official or complete list — the infographic below illustrates some showing etiquette tips that we’ve received from agents, along with some plain common sense, to help ensure a pleasant house …

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Rules Roundup What Constitutes a Legal Bedroom in the MLS? Does it depend on a particular city? Does there have to be a closet to make it a legal bedroom? Must there be at least an egress window in it? What is the minimum square footage that a room can have to be considered a bedroom? Because real estate is locally regulated, the legal definition of a bedroom …

Rules Roundup: Bedrooms Read More »

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