Monday, April 15, 2019

Bringing Listing Date Back



On April 23rd, we are bringing back the field entitled "Listing Date." If you notice on the current MLS Input Form, there is no field requiring an agent to enter Listing Date. That's because in May of 2017, we removed this field and the Actual Date the listing was entered into the system automatically became the listing date.  At the same time, Days on Market was also refined as Days in MLS.

Removing the Listing Date field became an issue when agents were trying to enter past comparable sales.  For example, maybe you sold a property in a builder's inventory and that property was never entered into the MLS system as a listing.  Many agents want to add that information in the system as a comparable for both inventory purposes and to be used for future pricing/appraisals.

The system would reject the past pending and sold date because the listing date of the comparable was the date entered.  So if you sold the property on 4/10/2019 and attempted to add the information as a comparable on 4/15/2019 it would reject the dates knowing a property can't be sold before it was "listed."
In order to correct this, MLS staff had to be contacted to make the change creating an extra step and inconvenience for our members. If MLS staff was not contacted, the system might have calculated a negative Days in MLS. This type of data is important for all of our members and accuracy is essential.

With the return of the Listing Date field, all listings MUST be entered within 24 hours after all necessary signature(s) of the seller(s) have been obtained or the beginning date of the listing term, whichever occurs last. For example, if the listing term in the Listing Agreement starts April 17th and the Seller signature is obtained April 15th, then the listing must be entered within 24 hours of April 17th

Days in MLS will also revert back to Days on Market.

If you have any questions, please contact us at 904-394-9494 x1603.

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