John Hassler
Senior Member
- Joined
- Jul 23, 2002
- Professional Status
- Certified Residential Appraiser
- State
- California
Our MLS system requires the Listing Agent to input Yes/No to Seller Concessions when they report a sale however there is no mandatory requirement to report what the concessions was. The majority of the agents put the concession amount in the Selling Comments which is fantastic! For those agents who check off Yes to concessions but don't list what there were, I call.
Well I just called an agent since they reported concessions but didn't list the amount. His response was "oops, there were no concessions, that was a typo". OK, mistakes happen. Here's the kicker, this was a December 2007 sale and he said no other appraisers had called. For six months this property has been reported in MLS as having concessions and no appraiser even bothered to check to see what they were.
Well I just called an agent since they reported concessions but didn't list the amount. His response was "oops, there were no concessions, that was a typo". OK, mistakes happen. Here's the kicker, this was a December 2007 sale and he said no other appraisers had called. For six months this property has been reported in MLS as having concessions and no appraiser even bothered to check to see what they were.