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Reciprocal Access and Data Sharing Program Property Listing Rules Comparison MLSListings & MetroList
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
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
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
MLSListings Inc. Confidential Copyright © 2008 Time to Change Listing Information MLSListings Next business day MetroList 3 business days Change Listing Information
MLSListings Inc. Confidential Copyright © 2008 Time to Report Sales MLSListings Next business day MetroList 3 business days Report Sales
MLSListings Inc. Confidential Copyright © 2008 Time to Report Cancellation of Pending Sales MLSListings Next business day MetroList 3 business days Cancellation of Pending Sales
MLSListings Inc. Confidential Copyright © 2008 Time to Provide Documentation Requested by MLS MLSListings 24 Hours MetroList 2 business days Produce Documentation
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
MLSListings Inc. Confidential Copyright © 2008 Active Status MLSListings Active MetroList Active Active with Release Clause Active Short Sale Active Court Approval
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
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
MLSListings Inc. Confidential Copyright © 2008 Lockboxes MLSListings Administered by Member Associations MetroList Administered by MetroList Uses Specific Key - Requires MetroList Cooperating Code Lockboxes
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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