Laurie Janick explained the Implementation of the NEW MLS
requirements. The Participation Agreement for Brokers makes Brokers
agree as a condition of MLS participation to agree that they currently
do and will on a continual basis actively endeavor to list property
and/or accept offers of co-operation.
Next Q– about seller opt out forms. She/Laurie states that form
needs to be put into all listing contracts, and that ever homeowner
should be made aware of the language, even if our MLS does not have
any operating VOW websites.
The sites with VOW’s must give the MLS and other participants
access to the VOW. This is designed to allow other participants to
verify that their information displayed on the VOW is accurate w/o
having to sign in and agree to a brokerage relationship as the client
who signs on is required.
There is more NEW mandatory language for our MLS Rules/Regs. For
the broker participation. AE will present to MLS committee.
Next: RPR- Realtors Property Resource Update from Jeff Young. This
project is one of NAR’s Second Century Initiatives. The mission
statement is: “To provide a comprehensive, catalogued database of
real estate information on every parcel of property in the United
States.”. SOOooo….What IS this??
A website with data of every property/home ever to empower Realtors
and Consumers to educate themselves before buying. NAR is trying to
create a single sourse database w/the greatest depth of property
information available. This will be the “gold standard” of real
property information, making NAR members more efficient by allowing
them to focus on customer service, generating more opportunities for
the exchange of real property.
There will be test markets for/of this starting in June 2009.
SOOOooo… Why is this important??
Other companies are currently trying to create this data base also(ie-zillow)
Thus it is important that Realtors are ahead and are the developers of
this sort of program to keep members in the middle of the
transaction!!
You have Q’s ?? Go to www.Realtor.ogand search “RPR”.
Other things we did was salute the 2008 RCE designees. (And I’m one!!)
And talk about NAR’s Lottery for hotels at the Mid Year cinvention in DC and anual Convention.
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Tags: AEI, association of realtors, ESAR, NAR
