Posts by: ARMLS

UCB Listing Checker Tool

tools

Are you using UCB, Under-Contract Backups, correctly? We’ve created a tool to help you determine if you should put your listings in Pending or UCB. The rule in question is 10.8 in the ARMLS Rules & Regs. Simply answer these four Yes or No questions:

2014 Weekly Lockbox Reports

Updated 12/19/2014 – This week activity was down -3.67% week-over-week at the 38,787 level from last week (40,265). We include more than open data in our report as “activity”. For example, when a Subscriber places a lockbox on a new listing or when a Subscriber removes a lockbox because the property is sold. Opens account for 80-95% of this activity.

2014-new-supra-lockbox 

 

Week 2013 2014 Week-Over-Week Year-Over-Year
26 36,384 45,744 -2530 -5.24% +9360 25.73%
27 43,054 48,201 +2457 5.37% +5147 11.95%
28 42,295 46,547 -1654 -3.43% +4252 10.05%
29 41,801 45,688 -859 -1.85% +3887 9.30%
30 42,355 45,679 -9 -0.02% +3324 7.85%
31 41,500 45,920 +241 0.53% +4420 10.65%
32 35,509 45,875 -45 -0.10% +10366 29.19%
33 35,295 45,897 +22 0.05% +10602 30.04%
34 38,233 42,787 -3110 -6.78% +4554 11.91%
35 38,886 43,897 +1110 2.59% +5011 12.89%
36 40,336 43,759 -138 -0.31% +3423 8.49%
37 40,009 42,519 -1240 -2.83% +2510 6.27%
38 39,534 41,665 -854 -2.01% +2131 5.39%
39 39,929 42,752 +1087 2.61% +2823 7.07%
40 38,532 41,512 -1240 -2.90% +2980 7.73%
41 39,960 43,326 +1814 4.37% +3366 8.42%
42 40,373 42,989 -337 -0.78% +2616 6.48%
43 41,562 42,708 -281 -0.65% +1146 2.76%
44 42,452 43,157 +449 1.05% +705 1.66%
45 43,515 45,692 +2535 5.87% +2177 5.00%
46 40,056 43,614 -2078 -4.55% +3558 8.88%
47 25,547 31,849 -11765 -26.98% +6302 24.67%
48 38,359 40,265 +8416 26.42% +1906 4.97%
49 36,169 38,787 -1478 -3.67% +2618 7.24%

Weeks 1-25 for 2014 available in PDF format

‘Tis Not The Season for Sharing MLS Credentials

flexmls-snowing
flexmls mobile login screen

Being kind is one thing but sharing your MLS login credentials or lockbox key could result in large fines. This is your annual reminder not to share access. Rule 7.2 says:

“Subscribers may not share their access credentials with anyone, whether the other party is another Subscriber or non-Subscriber. Further Subscribers may not share access to the system by allowing anyone else to participate in an online access session using their access credentials, whether or not the actual credentials were disclosed or shared.” Read the full rule for more details here.

Rule 13.3 goes into detail on sharing lockbox keys:

“When a Lockbox key is assigned to a Subscriber or Affiliate, that key is for the Subscriber’s or Affiliate’s own use. A Subscriber or Affiliate is not permitted to allow any other person to use his/her assigned key, nor shall a Subscriber or Affiliate use another Subscriber’s or Affiliate’s key. In addition, the personal identification number that is required to operate the key is not to be disclosed to any other person and is not to be written on the key or written on any paper or document that is stored with or near the key. Furthermore, a Lockbox Key may only be used to the extent of its assigned privilege authorized by the Subscriber’s or Affiliate’s Association.”

In short, don’t share your MLS access or key with your clients, neighbors, the public, other Subscribers or even your spouse / significant other. The fines for sharing your login credentials or lockbox key range from $500 – $15,000. See the Penalty Policy or Subscriber Agreement for fine information.

When do more listings close?

day-of-the-month
Does it seem like the end of the month is when more listings close? The data supports that claim. We took all closed listings (year-to-date) and looked at which day of the month each listing closed. For example, If the close of escrow date was 11/12/2014 then the day of the month was 12. We compiled those numbers to look for trends on which parts of the month see the most closings:

closed-listings-by-day-of-the-month

It wasn’t a surprise that day 30 had the most closings. Day 14 and 15 were also notable days. Looking deeper into the data on which days of the week had the most closings, 32% of listings closed on a Friday where only 15% of closings happened on a Monday.

What’s up with day 31?
There were 6 days in our dataset where day 31 appeared but only 4 were on a weekday.

Great flexmls Feature: Compare Tab

Have you ever wanted to see the average or median sales price of your flexmls search results? What about the DOM or average price change? Quick statistics are easy using the Compare Tab:

Compare Tab
Simply complete a search and click “Compare”. By default, all search results will be compared but you can select results to compare as well using the checkboxes on the left and then selecting “Selected”.

selected

Common Public Remarks Errors

Some things just don’t belong in the public remarks field. Phone numbers, Web addresses, and your name for example. Take a look at these common examples based on real listings. The problems have been underlined in red and violate the Inappropriate Language Policy.

1A
1A-2
Section 1A of the Inappropriate Language Policy prohibits website addresses (and phone numbers) for any reason in public remarks.

Title-Info
It’s violation of section 1A for the phone number but also section 2D for title information in public remarks. Title information is only allowed in private or semi-private remarks. Check the section for other prohibitions on title information.

Open-House
Section 1B prohibits Open House information in public remarks.

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