PROView - March 2008 - (Page 15)

Listing’s Change of Status Section 5.5 The change to Section 5.5 is the last paragraph that discusses failure to report status changes in a timely manner. Note: The database must contain the latest authorized information because it is used to write offers to purchase, including current price, terms, and conditions offered. All parties to the original listing agreement must date and sign the listing status report when there is • A change in price • An expiration date extension • A withdrawal • A change in terms and conditions Listing Participants are responsible for: • Entering the appropriate change into the MLS system within two business days after they receive it. • Maintaining current information in the MLS database. In instances where a participant has repeatedly refused or failed to timely report status changes, the MLS is authorized to remove the participant’s listings from the database. Prior to the removal of any listing(s) from the MLS, the participant shall be advised of the intended removal so that the participant can advise affected clients. Mind Your Manners! Kat McCoy, MLS Manager Miss Manners, You know how they say, “out with the old and in with the new”. I think with the New Year, the proper way to list properties is “out” and laziness is “in”. This listing has no picture, incorrect square footage and incorrect tax id! What a way to start the year! Thanks, Here we go again! Dear Here We Go Again, You brought up many of my concerns about bad habits creeping back. Let’s take this moment to refresh everyone’s mind with some tips for entering listings: • Photos are required within 3 days of entry date on residential, multifamily and rental properties. Property address must be entered completely and correctly, as well as the tax ID. Remember to use the “public record lookup” under the add/edit feature. While not required, the MLS will accept heated square footage from tax records, whether measured, provided by builders or appraised – just make sure to reflect the correct source. Agents have 2 business days to report contracts and status changes to the MLS. Finally, you must report short sale contracts to the MLS even if bank approval is required. • • Running all over town getting you down? Shop at the PRO REALTOR® Store ONLINE and save a trip. With our same-day shipping, you could have your supplies delivered to your home or office as soon as tomorrow for most Pinellas County locations. Visit www.tampabayrealtor.com/store to check it out! PINELLAS REALTOR® ORGANIZATION • • March 2008 15 http://www.tampabayrealtor.com/store

Table of Contents Feed for the Digital Edition of PROView - March 2008

PROView - March 2008 Contents Chairman's Notes - A Strong Force, Working on Your Behalf Feature - Going Back to Basics: Are You Generating Leads ProActive - Amendment 1 Passes: What Now? What's Next? Finance - How Your Customers Can Find Home Loans Brokerage Design - Reject the Blindfold; Enlightenment is the Way to Go Marketplace Analysis - The Opportunity Market Home Sales Report MLS Update - Changes to Rules & Regulations Now in Effect MLS Mind Your Manners Education - Don't Let Time Run Out: Complete Mandatory Code of Ethics Training Now Calendar of Events & Programs PROBiz - FREE Real Estate Websites! New PRO Members

PROView - March 2008

For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.