Did you know that in 2017, the typical age of a buyer rose to 45 and the typical home seller was 55 years old? The National Association of Realtors® recently conducted its annual survey of recent home buyers and sellers provides insight into detailed information about their experiences with this important transaction.
The infographic below highlights some characteristics of buyers and sellers in 2017. If you want to read the entire NAR Buyer and Seller Profile report, click here.
Earlier this week, we announced improvements to the Client Portal, including improved displays. Those improvements are now in place. The Portal works basically the same, so your clients do not need to re-learn it. Most of the changes are cosmetic.
If you haven’t already watched, take a moment to watch our five minute tutorial video. You can share this video with your clients, and it is available in the Help section of the Portal.
Rules Roundup – Unauthorized Access to Listing Property
The temps are rising, the snow is melting and we recently entered Daylight Saving Time. The spring real estate market is about to be in full swing! Whether you represent the buyer or the seller, showing requests tend to increase as the temps climb. Remember to always arrange showings with the listing office before bringing clients out for showings even if the property is vacant. If a mistake occurs and you accidentally enter a property without an appointment, contact the listing agent immediately to let them know what happened. Respecting privacy and security is an important professional responsibility.
Entering any listed property without prior authorization is considered a Serious Violation and can come with a fine of $1,000. Continued repeat violations by the same agent can result in doubling of the last fine amount. An additional $1,000 fine can be assessed by your Association for a lockbox rule violation.
A recent comment from a NorthstarMLS user of this happening “I have had a lot of this happening on my listings lately, and the agents do not think it is an issue, and nor do some of their brokers. Not only is it a violation of MLS and COE, but it is illegal and creates a huge liability for the agent if they or their client were to get hurt, etc.”
Questions? Our rules & regs staff is here to help! If you have questions about NorthstarMLS rules and regs, contact us at firstname.lastname@example.org 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 email@example.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.