Esox
Member
- Joined
- Apr 13, 2008
- Professional Status
- Certified Residential Appraiser
- State
- Wisconsin
I was contacted today by a V.P of Operations for a multi-office real estate agency here in Beertown. This person for years has been privileged to hear my complaints regarding agents' reluctance to report sales concessions, credits, etc. that take place as part of a sale. We have one huge company here that has absolutely refused to do it over the last few years. I am typically pretty persuasive, but some agents won't budge.
This person received today from the Greater Milwaukee Realtors Association a revised Addendum A. Lines #199-201 state:
Sales Concessions: Buyer and Seller authorize agents of Buyer and Seller to report sales concessions and other financing information to the MLS sold database, as applicable, and to appraisers or brokers, upon inquiry, researching comparable sales to the extent necessary to adjust prices to reflect market value.
My italics. To this I say whoo hoo, and it's about time.
Kevin
This person received today from the Greater Milwaukee Realtors Association a revised Addendum A. Lines #199-201 state:
Sales Concessions: Buyer and Seller authorize agents of Buyer and Seller to report sales concessions and other financing information to the MLS sold database, as applicable, and to appraisers or brokers, upon inquiry, researching comparable sales to the extent necessary to adjust prices to reflect market value.
My italics. To this I say whoo hoo, and it's about time.
Kevin
