Anyone Else Fed Up With Realtor Based Multi-list?

[Timeismoney72]

Here MLS access gives one access to realist, important for checking prior sales, loan amounts, documentary transfer numbers etc.

Thanks for the response.. I rely on deeds and public records for that info.. As for a "relist", I'm not sure I know what you mean?

 

[gregb]

Thanks for the response.. I rely on deeds and public records for that info.. As for a "relist", I'm not sure I know what you mean?

Corelogic's Realist comes bundled with the four MLS systems I subscribe to-

http://www.corelogic.com/products/realist.aspx

 

[Timeismoney72]

Corelogic's Realist comes bundled with the four MLS systems I subscribe to-

http://www.corelogic.com/products/realist.aspx

Your MLS is different..

 

[Timeismoney72]

What MLS system?

.

I think it would be best to leave the MLS nameless in this discussion. I see you're in PA. also.. Do you know any appraisers that don't use the MLS? I've talked to a few local appraisers I know and they're all thinking the same as me.. It sounds good but just not sure it's a good idea. The review I did recently was the first time I'd ever seen a free site mentioned at the top of the grid as a source rather than an MLS#. I talked about it in my review appraisal as being atypical but ultimately the information and final opinion was correct and supported so I wasn't sure what to do. I called several appraiser peers to get input and the consensus was that there was no USPAP or State violation.

 

[J Grant]

That one assignment a year when the free sites do not show the subject listed for sale when it is, or the free site lacks the listing on a best comp and thus that comp is not used...is it worth possibly losing a client or getting a board complaint over what that might cause?

I'd rather not pay for it either but imo just not worth the risk to be without it.

 

[J Grant]

As a reviewer I would not ding a report for not having MLS as the source as long as all else was good and supported as you mention. That still does not mean I want to take the risk on my own origination appraisals.

 

[Meandering]

I think it would be best to leave the MLS nameless in this discussion. I see you're in PA. also.. Do you know any appraisers that don't use the MLS? I've talked to a few local appraisers I know and they're all thinking the same as me.. It sounds good but just not sure it's a good idea. The review I did recently was the first time I'd ever seen a free site mentioned at the top of the grid as a source rather than an MLS#. I talked about it in my review appraisal as being atypical but ultimately the information and final opinion was correct and supported so I wasn't sure what to do. I called several appraiser peers to get input and the consensus was that there was no USPAP or State violation.

Here is your issue.

I am also an agent.

When I take a listing, the agent and the seller have the choice of having the listing submitted to online services. I have one now that is not online as the seller did not want their relative neighbors to know they are trying to sell their house and get away from them.

This is not the only reason that sellers might not want to be listed for sale on the internet. The free services can not just "take" MLS listings and advertise them either, so, you are not seeing all that is available, sold or expired in the free listings.

 

[Timeismoney72]

That one assignment a year when the free sites don't show the subject lised for sale when it is, or the free site lacks the listing on a best comp and thus that comp is not used...is it worth possibly losing a client or getting a board complaint over what that might cause?

I'd rather not pay for it either but imo just not worth the risk to be without it.

Again.. Those are my concerns as well, however, it can happen with the MLS as well. I'm sure we've all missed something at one time.

 

[Meandering]

Again.. Those are my concerns as well, however, it can happen with the MLS as well. I'm sure we've all missed something at one time.

You are certifying in your report to having access to the local databases.

so the Fannie CU induced lie you're certifying to - not considered in this -

But the MLS is one of those databases considered in the databases your are certifying you have access to. I would see this as a USPAP violation if you certify to something you don't have (MLS, Not CU) and I don't believe the board would look kindly on a CR doing Res work without the MLS.

CGs are somewhat different as commercial property buyers and sellers do not typically limit themselves to an MLS centric agent.

.

 

[Timeismoney72]

Here is your issue.

I am also an agent.

When I take a listing, the agent and the seller have the choice of having the listing submitted to online services. I have one now that is not online as the seller did not want their relative neighbors to know they are trying to sell their house and get away from them.

This is not the only reason that sellers might now want to be listed for sale on the internet. The free services can not just "take" MLS listings and advertise them either, so, you are not seeing all that is available, sold or expired in the free listings.

Yes.. I was also told that many police officers and public officials do not allow listings to be posted online. In my small town, I've yet to find this missing listing or sale though. In fact, one small town I work in has mainly private sales that never hit the MLS or internet. Public record aerial searches are the only way to find them. I typically do this aerial search anyway for sales but this would still miss a listing like you mentioned.