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Realcomp II Ltd

Your Premier Provider of Real Estate Information and Technology Solutions(tm)
Sunday, July 20, 2008

Listing Input Service

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Important details regarding Realcomp's Listing Input Service...

Did you know that Realcomp is one of only a handful of MLSs in the country that continues to provide the service of entering listings into the MLS computer system for their members?

Depending on the time of year and of course the market, we typically receive anywhere between five and twelve hundred new listings and changes each day.

Thanks to our dedicated and skilled data entry operators, all listings received before 3:00 p.m. are usually entered before the end of the same day (Monday-Friday). Realcomp’s data entry is available seven days per week.

To ensure your listing or change is completed promptly, always double check the listing or change before faxing it to us. Listings CANNOT be entered (the system will not accept the listing) without the following information:

  • Listing Type
  • Price
  • Commission
  • Office/Agent I.D.#
  • Expiration Date
  • Address

Note: These fields are mandatory for listings that are listed and sold the same day.

Most of the fields on the listing profile form are required for completion and are marked as such. Unless a particular field does not apply to the property (i.e. Body of Water would not apply to a property in Oak Park), it's required to be submitted to Realcomp.

Any listing that is missing information is designated as an ‘Incomplete Listing’ by in the remarks section of the listing when it's entered into the MLS computer.

Realcomp's policy regarding correcting an ‘Incomplete Listing’ requires that the original listing profile form be re-faxed with the incomplete/missing information filled in and circled and with the MLS# at the top of the listing form. This procedure immediately identifies it as an ‘Incomplete Listing’ so that the property will not be duplicated in the system and can be corrected in a timely manner. If an ‘Incomplete Listing’ is corrected within 24 hours in the correct procedural fashion, all fines originally assessed will be waived.

When making a change to a listing with a status change form, it is crucial that the correct MLS number and address are visible and legible on the change form. This will ensure that the change will be done accurately, thereby showing in the system with the correct information. If several changes need to be made in the remarks section, it is suggested that a printout of the listing be sent with the changes made on it, or a profile form with the MLS number, address and remarks only. It is also strongly recommended that the entire remarks section be printed or typed exactly the way you want it to appear.

The list date field on the top portion of the profile form should clearly state the date you wish for the listing to commence. If you fax a listing on the 3rd of the month but the list date states the 28th, a letter signed by the seller(s) must accompany the profile form to hold the listing until that time. The MLS shall accept Exclusive Office Listings that are never to be published. In this case, the listing profile form does not need to be sent to the MLS-ONLY a letter signed by the seller(s) is required. Any property that you wish to be entered into the system right away but do not want to show until a later date, must be accompanied by a letter signed by the seller(s) stating that they do not wish the property to be shown until a given date.

A Bonus - Bonus (over and above compensation offered) offered to the selling participant, should be explained in detail in the remarks section of the listing profile as well as circling the B feature under "Comp Arrangements" on the bottom portion of the profile form. In order to have a bonus published, it must be offered to the Selling Office or Selling Broker. Also, it must specify whether the bonus will be paid for accepted price and terms (AP&T) or full price and terms (FP&T).

Follow these simple instructions and you are sure to have a quick sale.

For more information, please contact Realcomp's Customer Care Department.

Created by fgreen
Last modified 2005-05-26 10:51
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