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