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by NorthstarMLSPosted on Posted in Data Accuracy, Making the Market Work, MLS Rules, NorthstarMLS Matrix, Rules Roundup No Comments

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 …

Rules Safeguard your MLS Data Read More »

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by NorthstarMLSPosted on Posted in MLS Rules, Rules Roundup, Videos

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 …

Rules Roundup: Measuring Video Read More »

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by NorthstarMLSPosted on Posted in Data Accuracy, MLS Rules, Rules Roundup

Rules Roundup 2014 Q1 Rules and Regs Summary Are your listings up-to-date and accurate? This infographic highlights the top 5 most common data errors and other issues reported by our rules & regs staff during the first quarter. Questions? Our rules & regs staff is here to help! Contact us at help@northstarmls.com or 651-251-3210. (Click here to see larger version) Submit Your Own Rules Roundup Question or Topic! …

Rules Roundup: Q1 Summary Read More »

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by NorthstarMLSPosted on Posted in Data Accuracy, Rules Roundup

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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by NorthstarMLSPosted on Posted in BookAShowing, MLS Rules, Showings No Comments

Not all Showing Agents Have BookAShowing Perhaps you’ve come across this scenario: You’re a NorthstarMLS subscribed agent or office staff, and an agent from another MLS calls to schedule a showing for one of your listings. Because you use BookAShowing exclusively, you tell the caller they have to use BookAShowing if they want an appointment. But before you dismiss this agent and their potential buyer, please keep in …

Rules Roundup: Agents With No BAS Access Read More »

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by NorthstarMLSPosted on Posted in MLS Rules, Rules Roundup No Comments

Listing Agreement A List Agreement is the first step to entering a listing on the MLS. If you don’t have one, you should not enter the listing on NorthstarMLS. Entering a listing without a listing agreement is considered a serious violation with a fine of $1,000 for a first offense. The listing agreement authorizes the listing broker to cooperate with and to compensate other brokers. NorthstarMLS does not …

Rules Roundup: Listing Agreement Read More »

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by NorthstarMLSPosted on Posted in MLS Rules, Rules Roundup No Comments

Have you ever wondered if you can embed a YouTube video in your NorthstarMLS listing? Unfortunately, this is not allowed. All video tours must be only of the property and cannot link out to any other websites (which YouTube does). The tour must also be free from any contact information, broker or agent branding, and third party promotions. NorthstarMLS makes the tour available to nearly 4,000 NorthstarMLS agent …

Rules Roundup: Virtual Tours Read More »

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by NorthstarMLSPosted on Posted in Rules Roundup No Comments

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 …

Rules Roundup: Comp Sold Listing Read More »

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by NorthstarMLSPosted on Posted in Rules Roundup No Comments

What Is a Withhold and Why Would I Use It? We all know the best way to display a listing is to post it on the MLS. But what if your seller has signed a listing contract and decides it’s time to do an overhaul on the property before listing it on the MLS? For example, the seller decides a new roof is in order, or a new …

Rules Roundup: Withholds Read More »

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