Rules Changing to Clarify Use of SentriLock System

Rules Changing to Clarify Use of SentriLock System

SentriLock KeypadSMRMLS™ has amended its Rules and Regulations to make sure that brokers know how to properly use codes generated using the SentriSmart™ app.

RMLS™ is pleased so many subscribers are discovering the convenience and ease of using the SentriSmart™ app to open SentriLock lockboxes. SentriSmart™ Mobile Access Codes (SMACs) may be generated for brokers who wish to show a listing, but those codes cannot be distributed to any other party by those brokers, such as clients who wish to access a property without their agent present. Providing a code is the same as providing a SentriCard® to enter a property, and is subject to the same rules and sanctions.

Note that SMACs are different from one day codes and contractor codes which are a separate feature of the SentriLock system. One day and contractor codes can only be used by the listing broker who owns the lockbox.

Changes impact the following documents:
RMLS™ Rules and Regulations
SentriLock Authorized User Agreement
SentriLock Cooperating Authorized User Agreement

These changes to the RMLS™ Rules and Regulations have been approved by the Board of Directors and take effect Monday, June 30th. If you have any questions about the changes, contact RMLS™.

RMLS™ by the Numbers 2013

Just how big is RMLS™ anyway? We thought it would be fun and interesting to compile numbers showing just how much RMLS™ has supported real estate activity in 2013. This is our first year doing it, but we hope to continue collecting these numbers in order to also see how the company is expanding over time.

RMLSweb
Number of times subscribers logged in to RMLSweb: 6,185,000
Photos uploaded to listings: 926,490
Property searches run: 422,049
Number of new prospect profiles created: 57,599
All residential properties listed for sale: 65,824
All residential properties sold: 45,243
Median sold price of homes listed: $235,000
Total dollar volume of homes sold: $12,373,855,000
Unique tax searches: 103,077
Hit count reports viewed and auto-emailed to sellers: 12,608,195
Broker tour searches run: 12,475
Open house searches run: 7,357
Statistical searches run: 51,745

SentriLock Conversion
Number of lockboxes exchanged: 44,234

RMLS™ Subscribers
RMLS™ subscribers as of December 2013: 10,676
New RMLS™ subscribers (compared to December 2012): 497
Increase in subscribers, above: +4.9%
Subscribers who attended training: 1,857
Number of calls to the RMLS™ Help Desk: 26,119
Number of Help Desk chats: 2,564
Number of incidents reported using the “Report Issue” button: 4,155
CE hours distributed by RMLS™ at no cost to subscribers: 4,227
Total attendance at RMLS™ training events: 2,858

RMLS.com
Total customer visits to RMLS.com: 3,822,036
Unique visits: 1,110,135
Total listing views: 2,982,408

Social Media
RMLS™ followers on Facebook (December 31st): 2,472
RMLS™ followers on Twitter (December 31st): 2,000

Don’t forget about the other numbers we regularly compile! In addition to publishing Market Action each month, we have statistical summaries available on RMLSweb with information dating back several years. Since 2012 we’ve also been compiling statistics about residential distressed properties in RMLSweb.

We love numbers here at RMLS™, and hope you find this data as fun and interesting as we do.

RMLS™ by the Numbers 2013

Just how big is RMLS™ anyway? We thought it would be fun and interesting to compile numbers showing just how much RMLS™ has supported real estate activity in 2013. This is our first year doing it, but we hope to continue collecting these numbers in order to also see how the company is expanding over time.

RMLSweb
Number of times subscribers logged in to RMLSweb: 6,185,000
Photos uploaded to listings: 926,490
Property searches run: 422,049
Number of new prospect profiles created: 57,599
All residential properties listed for sale: 65,824
All residential properties sold: 45,243
Median sold price of homes listed: $235,000
Total dollar volume of homes sold: $12,373,855,000
Unique tax searches: 103,077
Hit count reports viewed and auto-emailed to sellers: 12,608,195
Broker tour searches run: 12,475
Open house searches run: 7,357
Statistical searches run: 51,745

SentriLock Conversion
Number of lockboxes exchanged: 44,234

RMLS™ Subscribers
RMLS™ subscribers as of December 2013: 10,676
New RMLS™ subscribers (compared to December 2012): 497
Increase in subscribers, above: +4.9%
Subscribers who attended training: 1,857
Number of calls to the RMLS™ Help Desk: 26,119
Number of Help Desk chats: 2,564
Number of incidents reported using the “Report Issue” button: 4,155
CE hours distributed by RMLS™ at no cost to subscribers: 4,227
Total attendance at RMLS™ training events: 2,858

RMLS.com
Total customer visits to RMLS.com: 3,822,036
Unique visits: 1,110,135
Total listing views: 2,982,408

Social Media
RMLS™ followers on Facebook (December 31st): 2,472
RMLS™ followers on Twitter (December 31st): 2,000

Don’t forget about the other numbers we regularly compile! In addition to publishing Market Action each month, we have statistical summaries available on RMLSweb with information dating back several years. Since 2012 we’ve also been compiling statistics about residential distressed properties in RMLSweb.

We love numbers here at RMLS™, and hope you find this data as fun and interesting as we do.

Rules Changing to Clarify Use of SentriLock System

Realtors Property Resource®: Coming Soon to RMLSweb!

RPR Logo

RMLS™ has partnered with Realtors Property Resource® (RPR) and starting September 25th, RMLS™ listing data will be available on RPR to RMLS™ subscribers. RMLS™ subscribers will have access to hundreds of datasets on over 150 million properties across the country through RPR at no additional cost. These reports include:

  • Tax assessments
  • Notices of default (NODs)
  • The largest database of foreclosure and pre-foreclosures in the country
  • Mortgage and history data
  • Value estimates, refinements, and comp analysis
  • Neighborhood and demographic information
  • FEMA flood maps
  • School zoning and information

On RMLSweb subscribers will be able to quickly access a listing on RPR using the button on the search results screen or at the bottom of an Agent Full report:

RMLSweb RPR Search Results Button

RMLSweb RPR Agent Full buttons

RMLS™ and RPR have also integrated ZIP code statistics at the bottom of the Agent Full report on RMLSweb (below). Click the green button (above) that says “[+] RPR Statistics by Zip” to view these statistics, which are based upon the listing’s ZIP code, county, and state.RMLSweb RPR Agent Full

Additional features and reports will be available by logging in to the RPR website.

RMLS™ subscribers don’t need to take action to register: RPR will be pre-registering our subscribers using their NRDS ID in order to simplify access. Once RPR has created each user’s account (starting September 24th) RPR will send an email to the subscriber.

RPR training sessions will be available for subscribers during the week of September 30th, held at multiple locations across the RMLS™ region (Portland, Vancouver, Tigard, Gresham, Eugene, and Roseburg). Register for an informative RPR training session here.

Watch for an email from RPR with user information starting September 25th!

If you have any questions about your RPR account or the RPR website, please visit the RPR Help Desk or call (877) 977-7576.

Do You Know What These Listing Terms Mean?

Do You Know What These Listing Terms Mean?

This is a blog post by RMLS™ Data Accuracy Liaison Vallerie Bush (at left). Vallerie is a 15-year veteran of RMLS™, including over a decade working with RMLS™ Rules and Data Accuracy.

Do you know the difference between ER and EA?

There are a number of terms used in RMLSweb listings that are rather technical and may seem confusing. The following is a list of some commonly used terminology and their meanings which will help you when entering or viewing a listing:

List TypeExclusive Right to Sell (ER):  This is one of the options in the “List Type” field. The seller gives the Listing Broker the exclusive right to sell their property for a specified period of time and authorizes the Listing Broker to cooperate with and compensate other RMLS™ brokers, with no exceptions.

Exclusive Agency (EA):  The exclusive agency listing also authorizes the Listing Broker, as exclusive agent, to offer cooperation and compensation on blanket unilateral bases to other RMLS™ brokers, but the seller reserves the right to sell the property without paying a commission, if the buyer is not obtained by the listing agent or their advertising and marketing efforts. You must select EA in the “List Type” field if an Exclusive Agency agreement exists.

Total CommDual or Variable Rate Commission Agreement:  This is an  arrangement in which the total commission paid by the seller is variable and dependent on who brings in the buyer.  For example, the commission offered by the seller may be different should the property be sold by the listing broker, than if the listing is sold by a cooperating broker.  You must enter a YES in the “Total Comm. Differs” field of your listing if an agreement exists.

OwnerOwner:  The term “Owner” can represent: 1. the person or persons who have legal ownership of the property; 2. their authorized agent; or 3. someone with the legal right to sell the property. However, the RMLS™ definition of the term owner does not include a person or persons who merely has the right to purchase the property, but does not yet own it. The owner’s name is required to be entered in the listing under “Owner” field unless an Owner Name Omission Form or similar document is submitted to RMLS™.

If you have any questions, contact us at rules@rmls.com or at (503) 236-7657.