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Reciprocal Access and Data Sharing Program Property Listing Rules Comparison MLSListings & MetroList.

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Presentation on theme: "Reciprocal Access and Data Sharing Program Property Listing Rules Comparison MLSListings & MetroList."— Presentation transcript:

1 Reciprocal Access and Data Sharing Program Property Listing Rules Comparison MLSListings & MetroList

2 MLSListings Inc. Confidential Copyright © 2008 The items compared in this presentation are designed to assist an MLSListings subscriber who wishes to know more about MetroList MLS or a MetroList subscriber who wishes to know more about MLSListings MLS. Only the major listing management rules differences are highlighted, and this presentation is not intended as a comprehensive comparison. For any questions or additional information regarding rules, application of rules or practices or procedures, contact the specific MLS. Disclaimer

3 MLSListings Inc. Confidential Copyright © 2008 Comparisons  Time Limits Time to List or Exclude Time to Change Listing Information Time to Report a Sale Time to Report Cancellation of Pending Sale Time to Provide Documentation Requested by MLS  Property Types  Statuses Active Status Other Statuses  Withholding Sales Price  Lockbox Requirements

4 MLSListings Inc. Confidential Copyright © 2008 Time to List or Exclude MLSListings 72 hours (includes property classes 1-4) MetroList 3 business days (includes all property classes) List or Exclude

5 MLSListings Inc. Confidential Copyright © 2008 Time to Change Listing Information MLSListings Next business day MetroList 3 business days Change Listing Information

6 MLSListings Inc. Confidential Copyright © 2008 Time to Report Sales MLSListings Next business day MetroList 3 business days Report Sales

7 MLSListings Inc. Confidential Copyright © 2008 Time to Report Cancellation of Pending Sales MLSListings Next business day MetroList 3 business days Cancellation of Pending Sales

8 MLSListings Inc. Confidential Copyright © 2008 Time to Provide Documentation Requested by MLS MLSListings 24 Hours MetroList 2 business days Produce Documentation

9 MLSListings Inc. Confidential Copyright © 2008 Property Types  MLSListings Single Family Residential Common Interest Development Multi-Residential Mobile Homes Residential Lots & Land Commercial/Industrial Lots & Land Commercial/Industrial Business Opportunity Commercial/Industrial Rental Residential Rental  MetroList Residential/Common Interest Mobile Home in Park Residential Income Residential/Commercial Land Business Opportunity Commercial/Industrial

10 MLSListings Inc. Confidential Copyright © 2008 Active Status  MLSListings Active  MetroList Active Active with Release Clause Active Short Sale Active Court Approval

11 MLSListings Inc. Confidential Copyright © 2008 Other Statuses  MLSListings Pending Continue to Show with Release Clause Pending Continue to Show Seeking Backups Pending Do Not Show Closed (Sold) Expired Canceled Withdrawn  MetroList Pending Pending Bring Back Up Temp Off Market Sold Expired Pending Expired Dup. Withdrawn Withdrawn Cancelled

12 MLSListings Inc. Confidential Copyright © 2008 Withholding Sales Price MLSListings Allowed on written request of seller or buyer (with fee) MetroList Not allowed Withholding of Sales Price

13 MLSListings Inc. Confidential Copyright © 2008 Lockboxes MLSListings Administered by Member Associations MetroList Administered by MetroList Uses Specific Key - Requires MetroList Cooperating Code Lockboxes

14 MLSListings Inc. Confidential Copyright © 2008 Contact Information  MLSListings / (408) / (408) Fax (408) Fax (408) Oakmead Parkway 2 nd Floor 350 Oakmead Parkway 2 nd Floor Sunnyvale, CA Sunnyvale, CA  MetroList Services Inc. Toll free (888) Fax (916) West National Drive, Suite West National Drive, Suite 60 Sacramento, CA Sacramento, CA 95834


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