Outside Comp

How do I list an outside comp?
We created a property type “COMP. Sold outside the MLS” for these listings. See here for a short video.
Tue, 13 Apr, 2021 at 10:00 PM
What do I put in for the listing broker ID?
The listing broker’s ID will automatically update in the system as a comp ID once the COMP property type is selected. You will enter your ID as the buyers’ ...
Tue, 13 Apr, 2021 at 10:01 PM
I was a dual agent on the transaction. Can I enter the listing in the comp status?
No, if you were the listing broker, you would enter it in the appropriate property type, representing yourself as the listing broker and buyer’s broker.
Tue, 13 Apr, 2021 at 10:03 PM
Will I receive year-end credit for sales which were the result of outside comps?
Yes. This is one of the important reasons brokers told us they wanted the ability to enter outside comps.
Tue, 13 Apr, 2021 at 10:04 PM
How will stats related to Comps be displayed?
Under MRED’s rules, brokerages will receive “credit” for transactions including the number of units and price. However, no market time will be recorded. Com...
Tue, 13 Apr, 2021 at 10:04 PM