How “First Look” Works:
During the first 15 days a property is listed for sale, only offers from owner-occupants, public entities or their designated partners will be considered. Offers from investors can be submitted, but they won’t be considered until after the initial 15 days.

How does the "First Look" program affect Realcomp's MLS rule that requires MLS Subscribers to present all offers as soon as possible? It does not affect Realcomp's rule. MLS Subscribers continue to be required to present all offers as soon as possible.

Additionally, it becomes even more important than ever that Realcomp Subscribers indicate when listing a property that a "Fannie Mae Backed Mortgage" applies. This can be accomplished through the "Other Features" feature code group on the listing profile form.

Click here for additional "First Look" program details!

Click here to access other Fannie Mae resources which may be helpful to you in your business!