MLS News
Updated:8/16/10
« July Stats Now Available » - updated 8/16/10
« Notification of Potential Short Sale » - updated 8/16/10
« Northwest Wisconsin MLS Listings Added to WIREX » - updated 8/16/10
« Open Houses on Realtor.com » - updated 8/16/10
« New and Improved Mobile Access to Paragon » - updated 7/5/10
« New Auction Associated Document » - updated 6/15/10
« What Can I Count as Finished Square Footage » - updated 6/15/10
« Neighborhood/School Information Available via Paragon » - updated 4/12/10
« Expanded Agent Access to Maintain Listings » - updated 3/12/10
« July 2010 MLS Stats by Price Range(PDF Format) - updated 8/16/10
« July 2010 and YTD MLS Stats(PDF Format) - updated 8/15/10
« Stats Narrative by Kevin King - updated 8/16/10
« Notification of Potential Short Sale
The SCWMLS does not mandate that a listing broker disclose that there is a potential for a short sale situation. However, if disclosure is not made, the cooperating broker is entitled to rely upon the amount of commission specified by the listing broker in the MLS upon submitting an offer to purchase.
If the listing broker does disclose a short sale potential, they should also consider indicating in the broker-to-broker comments how any reduction in commission required by the lender as a condition of approving the sale would be apportioned between the listing and cooperating brokers. The timing of the communication to the cooperating broker once the listing broker is made aware of a reduction was recently clarified in the SCWMLS rules. The listing broker must disclose to the cooperating broker in writing the total reduction in gross commission and the amount by which the compensation payable to the cooperating broker will be reduced within 3 business days of notification from the lender.
« Northwest Wisconsin MLS Listings Added to WIREX
Listings from the Northwestern Wisconsin MLS have been added to WIREX. Communities covered include Eau Claire, Menomonie, Chippewa Falls, down to Black River Falls, and up past Rice Lake to Hayward and Cable. There are now 97,000+ active listings in the WIREX database from 5 separate MLSs as follows:
- Metro Milwaukee: 36,000
- South Central WI: 24,500
- Northeast WI: 18,500
- Northwest WI: 12,000
- Central WI: 6,000
« Open Houses on Realtor.com
Open House date and time as entered in Paragon now automatically display on listings within Realtor.com. After loading search matches, the public can click an option to filter to just those properties that have an upcoming open house. The date and time appear both on the search summary view and the full detail view. To load Open House information, open the EXTRA INFO section of the listing input screen within Paragon, and add the appropriate date and time.
« New and Improved Mobile Access to Paragon
Paragon Mobile allows real-time access to Paragon from any browser-enabled device such as a BlackBerry, Treo, iPhone or PDA. When compared to the current Paragon Wi-Fi product, this new service offers more fields to search on (including off market listings), more data displayed about each listing, an office/agent roster search, and the ability to email MLS listings from your mobile device.
Paragon Mobile is not a substitute for the online Paragon system, but rather a companion product for agents on the go.
Access to the current Paragon Wi-Fi (scwmls.fnismls.com/Paragonwifi) will be turned off on August 1. Please begin using the new Paragon Mobile.
A quick-start guide and user tips can be found here.
If you have access to the Internet from your mobile device, there is no additional cost. Go to http://scwmls.mobile.fnismls.com and use the same login name and password you use to access Paragon.
« New Auction Associated Document
The mandatory associated document for auctions has been updated to better accommodate online auctions, and to indicate the type of auction. Please begin using this new form for all properties being sold via an auction. The most recent MLS profile sheets and mandatory associated documents (auction, limited service, farm) can always be found by clicking on MLS Documents at the top of the Paragon Homepage. Profile sheets are also available within ZipForms and can be completed electronically there.
« What Can I Count as Finished Square Footage
To qualify as finished square footage, the space must be heated, have finished walls (painted concrete does not count), have a finished ceiling (no exposed floor joists), and have a finished floor (painted concrete does not count). If one of these four components is missing, the space can still be counted as finished, but disclosure of the missing component must be included in the MLS remarks.
« Neighborhood/School Information Available via Paragon
A link to School and Neighborhood data has been added to agent full listing reports within Paragon. You will now see a light blue circle marked with an N along with the D for Documents, H for History, M for Map, and T for Tax "skittles". Data on Schools, Housing, Economy, People, and Environment can be found for each property. Reports contain City, Zip Code, County, and National statistics. You can also find these reports for addresses that are not listed by clicking on Resources and then School & Neighborhood Reports.
« Expanded Agent Access To Maintain Listings
Currently, the standard agent level security in Paragon allows agents to add photos, add virtual tours, add associated documents, and modify the map location for their listed properties. These options are available by clicking Listings and Maintain Listings from the Paragon Menu Bar. On Wednesday, March 17, security on the following fields will be opened up so agents can maintain them on their own listings:
Under the Remarks Section
-MLS Remarks
-Additional Wisconsinhomes.com Remarks
Under the Extra Info Section
-Showing Instructions
-Open House Date and Time
-Broker Open House Date, Time and Comments
Please remember that MLS Remarks are limited to information about the property. Comments regarding company or self promotion are not allowed in MLS Remarks. If you run across a listing that is in violation of this rule, please notify the MLS immediately by clicking on the Correction link while viewing the listing in Paragon. This link opens up an email window. Simply type "see remarks" into the body of the email, click Send at the top, and we will take it from there.
Please note that after the date has passed for an open house or broker open, Paragon automatically deletes the date, time and comments. You do not have to delete past open house information.
« Building Contracts and Under Construction Listings
We are grateful to have building contracts included in our MLS data. They are very helpful for appraisers and for Realtors doing market analysis. If you would like to enter your building contract, please wait until after it closes, and then enter it directly into sold (choose sold rather than active). Enter the actual list date, accepted offer date, and closing date. Please note that only building contracts with land included are allowed in the MLS.
If you have a building plan (with land) or a property under construction listed as active, please make sure you update the property characteristics (square footage changes, lower level finish, deck addition, etc.) when they change. If you end up making additions, please remember to update the list price as well. Please note that you must include the estimated completion date for all properties under construction within the first line of the public remarks.