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The property ID field should match the county records to identify the parcel. This number is used to help map the property correctly and connect the listing to the tax record. Users can add multiple PID numbers while the listings are incomplete, once the listing leaves incomplete status, the field is locked for everyone but RMSL…
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Driving directions are very important to ensure the property can be easily found. GPS is a great way to find a property, however, it is not always reliable. When inputting driving directions, be sure to be clear and specific. It is suggested to use a well-known street or highway as a starting point. Unacceptable– See…
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Once an offer is accepted, the listing status should change to Pending OR a contingency must be added to listings in Active or TNAS status. The contingency options are: Application Received (Rentals) (Minnesota Only) Inspection (Minnesota Only) Subject to Statutory Rescission (Minnesota Only) Subject to Financing (Minnesota Only) Sale of Another Property (Minnesota Only) Third…
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Sold Listing Data Policy* Section 11.3 b of the Regional MLS Rules and Regulations permits Participants who are a REALTOR® actively engaged in listing properties for sale and/or assisting and negotiating on behalf of buyers of real estate, to use sold listing data in verbal, printed, and email communications. Display of the data in any…
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Foreclosure Property – Broker A has a listing contract with seller (Owner of property) during the foreclosure process. Broker B has a listing contract with the bank (Equitable Title) during the redemption period. Per Section 3.20, Equitable Title listing must be submitted to the MLS according to Section 3.2. Broker A may list the property…
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What Is Fractional Ownership? Fractional ownership is a percentage ownership in a property. Fractional ownership shares in the asset are sold to individual shareholders who share the benefits of the asset such as usage rights, income sharing, priority access, and reduced rates. The usage benefits that the fractional owners receive are comparable to those of…
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A listing must be entered into the property type consistent with the following definitions: Single Family Residential- A single dwelling including condominiums, town homes, twin homes, hobby farms, etc. Multi-Family Residential – dwelling with two, three or four living units within. Lots & Land – real property without a building used for dwelling or commercial…
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Under NorthstarMLS rules, a one time showing contract does not meet our requirements for a listing entry. The different types of listing agreements include: (a) Exclusive right to sell; (b) Exclusive agency; (c) Open; (d) Non-agency service agreements. So, while a one time showing agreement can give an agent permission to enter the sale, it…
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Welcome to NorthstarMLS! If you are a new broker or agent to NorthstarMLS, whether becoming your pimary MLS or your secondary MLS, all listings withing NorthstarMLS’ coverage area is required to be loaded within 30 days. NorthstarMLS coverage area includes all of Minnesota and 5 counties in western Wisconsin (Buffalo, Pepin, Pierce, Polk or…
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Properties that are sold without having a listing agreement may be entered into the MLS as a comp-sold after the transaction has closed by the buyer’s representative. The buyer must sign a listing input form. A listing agent cannot enter a comp sold listing because, with a listing agreement, the property should have been…