We often hear from brokers who are frustrated by out-of-date information when a broker does not update a listing’s status in a timely manner. Knowing a listing’s status is vital to your ability to serve your clients. Timely status changes are not only a professional courtesy, but delaying status updates impacts housing market statistics, CMAs, […]
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How can I enter an off-market listing to include in comps? Doesn’t this violate the Clear Cooperation policy? Why should I enter a listing that was closed off the MLS? Can I search for these listings? Closed Off MLS Listings can cause confusion if you’re not familiar with their purpose. Read on as we clarify […]
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Key Takeaways: • Brokers have three business days to update their listing when it moves from one status to another, including Active to Pending and Pending to Closed.• The REcolorado Rules and Regulations Committee increased the fines associated with violations to the MLS Rules, Reporting Status Changes to the MLS. When a violation occurs, the […]
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Timely status changes make the market work! It is important for you and your clients to have accurate listing information, including homes that are no longer on the market. Per REcolorado rules and regulations, a status change must be made within 3 business days. As you’re preparing for closing, plan ahead to ensure you have […]
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Key points: • Expiring and re-entering a listing is a manipulation of listing data and violation of REcolorado Rules and Regulations.• This causes issues with data integrity, resulting in inaccurate data that skews housing market statistics and market activity. • Violating this rule results in an immediate $100 fine. You rely on accurate data to […]
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Key Points: • As a NAR-chartered organization, REcolorado keeps track of National Association of REALTORS® policy changes so you don’t have to!• The REcolorado Matrix MLS is built to help you remain in compliance.• REcolorado is already in compliance with most policy changes announced last Fall, and is making adjustments to keyword logic to address […]
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April is Fair Housing Month! Find helpful resources to ensure you’re serving your clients with the most accurate, complete set of listings. Say “Yes” to Fair Housing! The goal of Fair Housing is to ensure all potential buyers have access to all homes for sale. All listings entered into REcolorado Matrix and displayed on REcolorado.com […]
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As your multiple listing service (MLS) partner, REcolorado collects, aggregates, and distributes listing data you rely on to find and sell property, generate housing market statistics, communicate with clients, and more. Because data drives your business and data powers everything you do, we take protecting it and your access to it very seriously. Here are […]
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My seller is concerned about their privacy. How can I protect them and market the listing? Say “Yes” to the MLS! Some sellers do not want details about their home to be available to the public. Whether they are a celebrity, in witness protection, or simply concerned for their safety, protecting the seller’s privacy is […]
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You rely on REcolorado Matrix for accurate data and so do your clients. To help ensure the data in REcolorado Matrix is accurate, the REcolorado Board of Directors passed a rule in spring of 2020 that revised how productivity is attributed to teams. After the rule went into effect, teams receive credit for 100% of all transactions when the team ID is entered as the listing broker or selling broker. Key Takeaways: • Teams receive 100% credit […]
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