Outside Comp
Brokers have asked for the ability to enter comps when they represent a buyer. Now, they can submit valuations based on agent-provided data. Having these co...
Tue, 13 Apr, 2021 at 9:47 PM
This policy affects brokers who handle transactions which have never been entered into MRED’s connectMLS. This policy will allow brokers to obtain credit fo...
Tue, 13 Apr, 2021 at 9:48 PM
Section 9.14 of MRED’s Rules and Regulations was revised to state: REPORTING OF CLOSED TRANSACTIONS BY NON-LISTING BROKER. Only the Listing Broker Service P...
Tue, 13 Apr, 2021 at 9:48 PM
No, this is optional.
Tue, 13 Apr, 2021 at 9:49 PM
Yes. You will need to get permission to enter the transaction into connectMLS, but MRED does not require you to obtain a listing agreement or authorization ...
Fri, 16 Apr, 2021 at 3:13 PM
It is optional to use a form, but MRED recommends that you do. It is always a best practice to have permission in writing. Your managing broker may want to ...
Tue, 13 Apr, 2021 at 9:49 PM
Yes. You can enter comps into the MLS for all property types.
Tue, 13 Apr, 2021 at 9:50 PM
There are a few basic fields that must be filled out for each comp. These include: • Sales Price • Concessions • Type of Financing • Upgrade amount ...
Tue, 13 Apr, 2021 at 9:51 PM
Buyers’ brokers may not have access to a property’s interior. In creating the policy, MRED met with a focus group comprised of appraisers and they provided ...
Tue, 13 Apr, 2021 at 9:52 PM
The rule which requires closed transactions to be entered within 48 hours applies unless you have written direction from the buyer specifying a certain date...
Tue, 13 Apr, 2021 at 9:52 PM