Resource Type Archives

The seller’s contribution is when the seller of property pays a portion of the closing costs, typically to help lower purchase price. If the contribution is reported on the closing docs such as allowance, closing costs, points, etc.  it would need to be added as a Seller Contribution.

Enter the square footage of the foundation.  Do not include attached structures such as porches, garages or similar.  A tuck-under garage may be included if it supports the home above it. A crawl space under an attached Garage would not be part of the foundation. For condos or townhomes with multiple units on the foundation, enter the…

Listing Attribution Information and Instructions Increased Control of Listing Display on Public Websites   At the direction of the National Association of REALTORS®, NorthstarMLS has added new broker-only fields that will instruct other broker and agent websites how to give listing credit on public facing website displays. Brokers are in control of what information is…

During the 2nd quarter of 2018, NorthstarMLS sent 5,841 correction notices.  While this is a 40% increase over Q1, we typically see more notices as the number of listing entered on NorthstarMLS increases in spring market.  Just under 50% of the notices were requests to update a pending listing that is past the closing date.  Over…

Q1 2022 Violations Q2 2022 Violations Q3 2022 Violations Q4 2022 Violations

Exclusive Right-to-Sell Listing: A contractual agreement under which the listing broker acts as the agent or as the legally recognized non-agency representative of the seller(s), and the seller(s) agrees to pay a commission to the listing broker, regardless of whether the property is sold through the efforts of the listing broker, the seller(s), or anyone else;…

Coming Soon: A Coming Soon listing status indicates the property is being prepared for sale but is not ready for showing. Listings in Coming Soon status may not be shown until the listing is in Active status.  While in Coming Soon status, a listing may not hold open houses, broker open houses.  The prohibition on showings…

NAR’s Clear Cooperation Policy Definition The Policy 8.0: Clear Cooperation went into effect for NorthstarMLS subscribers on March 1, 2020. The policy as written and published by NAR® is below. “Within one (1) business day of marketing a property to the public, the listing broker must submit the listing to the MLS for cooperation with…

Virtual Open House: A live online showing buyers can attend via Zoom or an online event. Buyers can ask questions while in live mode. Virtual open houses can be loaded under the Open House tab. They cannot be branded or link out to third party sites.

Per Section 2.1 of NorthstarMLS Rules; Any REALTOR®, who is a principal, partner, corporate officer, or trustee, of a real estate brokerage firm, who holds a current, valid Minnesota or Wisconsin real estate broker’s license or holds a valid Minnesota or Wisconsin appraiser’s license shall be eligible to participate in the MLS.   Every licensed agent in…