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:

Tagged with: , ,

Notice Regarding Selling Listings Across MLS Boundaries

We recently posted a message from your Association regarding the ending of the Minnesota data share program known as SASI (Shared Associations Services and Information). If you missed it, you will find it in the News & Alerts box here on the Matrix Home screen.  Below is another important message from the SASI legal counsel, Brian Larson. Please direct all questions to your Association.

The technology utility that permits several MLSs in Minnesota to share MLS data and brokers’ offers of compensation to other brokers across MLS boundaries will cease to function at the end of April 30. That group of MLSs, called SASI, is working to provide a substitute technology as soon as possible. This development has important implications to you in the meantime.

First, beginning May 1, you will no longer see active listings in your MLS system from brokers who do not participate in your MLS. Some listings that are there today probably will not be there on May 1, even though they are still available for sale in other MLSs. [Note: You can identify SASI listings on NorthstarMLS by the alpha code in front of the MLS number. For example, MLS# DAAR6015110 is from the Duluth Area Association of Realtors.]

Second, if you find a listing for sale listed by another Minnesota broker on the Internet, including on Move’s FIND, RPR, Realtor.com, or Zillow, check to see if the listing appears in your local MLS. If it does appear in your local MLS, your firm is entitled to the compensation showing there if your firm is procuring cause of the sale of that listing. If the listing does not appear in your local MLS, you must negotiate your compensation with the listing broker by contacting him or her. Your MLS recommends that you get any offer of compensation in writing (even if it’s just an email). That offer of compensation may take any form agreed to between the listing and selling broker, but you may find it easiest to use the formula from the MLS: express the compensation as a flat dollar amount or percentage of gross selling price that the listing broker will pay if the cooperating broker is procuring cause of the sale.

Third, if you are a broker working as a buyer’s agent and seeking compensation from a listing broker that is not in your MLS, be careful of your fiduciary duties. Make sure that your representation agreement with your buyer directs you to seek compensation from the listing broker, or get your buyer’s permission/direction to do so in a separate communication. You won’t want to be accused of entering a conflict of interest by interposing your demand for compensation between your buyer and the potential house of her dreams. Consult your own legal counsel for advice on handling these matters. Your MLS cannot offer you legal advice.

If you have questions about these developments, contact your Association.

Tagged with: