Bye-Bye STI June 19, 2008
The NWMLS has announced that as of June 24th 2008, they will no longer use the term. Active STI. It will become Pending Inspection and two new statuses will be created, Pending Feasibility and Pending BU Requested.
For those who are members and have access to the database, all three statuses will appear in the pending [...]
NWMLS to Allow Brokerages to share more Data June 2, 2008
The Northwest Multiple Listing Service has announced policy changes that will allow brokerages to display more information on their websites. This means that if brokerages choose to, people will be able to see the length of time a property has been on the market, referred to as days-on-market (DOM), as well as cumulative-days-on-market (CDOM), along [...]
The MLS is not just for advertising your property October 23, 2007
Agent receives $5,000 fine for taking the key from the keybox, giving it to the electrician and allowing the electrician to remain on the property unattended.
Agent receives $5,000 fine for giving her keypad to an unlicensed friend to show property.
Agent fined $3,000 for changing the price by $1.00 or $2.00 to cause the property to [...]
NWMLS Form Changes September 28, 2007
I attended a Forms Update Training Class put on by the NWMLS recently and learned about a bunch of changes that are coming down the pike on October 15, 2007. And while I posted some class notes and sample Purchase and Sale Agreement documents over on my site, I thought I’d summarize things [...]
Seller Privacy vs. the Connected Web May 20, 2007
There has been much discussion on RCG and other blogs regarding property blogs and seller’s right to privacy from bloggers who post “sometimes accurate/sometimes not” opinions about a listed home. As was recently shown by NWMLS’ fine against Redfin, an MLS may have legitimate rule authority to prevent a member from engaging in [...]
From stirring to digging in one day… May 17, 2007
Another day, another Redfin story:
The Northwest Multiple Listing Service has fined Redfin $50,000 and asked the company to stop publishing a popular blog in which the online real estate brokerage posted reviews of Seattle-area homes.
(”Asked” is probably a bit kind since the consequence of non-compliance was for Redfin to loose their ability to display [...]
Where should the MLS end and the IDX begin? May 10, 2007
The whole ruckus over the NWMLS no longer sending its member’s listings to realtor.com inspired many unlit pixels of commentary and many more wasted bytes of hard drive space. As I pondered a while ago, the industry appears to have a healthy appetite for technology. However, one of the comments was really insightful….
I still feel [...]
What’s in the best interests of agents? May 4, 2007
Jan at the logical dog has set up a petition that requests the NWMLS board to reverse it’s decision and continue sending listings to Realtor.com.
This got me thinking about the often-interesting dynamic between the “best interests” of brokers vs the “best interest” of agents, which is something I’ve heard Russ Cofano talk to quite [...]
Is the mobile web the next big thing? March 14, 2007
I was recently inspired by Joel Burslem’s, House Hunting On the Go blog posting. A lot of folks have voiced their desire for having MLS search tools designed for their mobile devices. Since I had some spare time last weekend, I went ahead and designed a mobile version of Real Property Associates’ web site. If [...]
2006 Statistical Review and Highlights January 28, 2007
Straight out of the horses mouth. I noticed these stats posted by the NWMLS today. I found a smilar post on their public site, nwrealestate.com. You can see the detailed story here
During 2006, members of NWMLS. . .
Reported more than 96,000 closed sales with a combined value of more than $35 billion
Experienced [...]
