There are many rules governing the use of "Coming Soon" in your advertising efforts. To help reduce confusion, we are created an infographic that we hope will simplify the matter.
It depends.
From an MLS perspective, owner/agent must be noted in REALTOR® remarks and cannot be noted in public remarks. The prohibition in public remarks is due to IDX agreements. If a consumer is finding your listing on another broker's website and sees "owner agent" in public remarks, the consumer is likely to leave the source website and go to the listing agent thinking they will get a "better deal."
Answer: ONLY, when ONE of TWO things occur
If you use MAR’s forms, especially the Purchase Agreement (F1), take advantage of the new video series where MAR’s Attorney, Ron Farris coaches you through the clauses and blanks on the form. Encourage your broker to schedule watching the videos in sales meetings. What an excellent learning tool!
The 2019 Code of Ethics will include an expansion of Standard of Practice 1-7 that will provide cooperating brokers confidence that their offer was presented to the seller. The new obligation...
If you know your party's extension, you can dial it at any time. The following staff members handle most of our day-to-day calls.
Genny Allison at extension 17 handles all day-to-day MLS entry or rules questions. Lindsey Brown at extension 21 can help you with education classes including new member orientation. Giselle Stromgren at extension 15 will be able to assist you with all billing matters. For a full list of staff and extensions, please visit the CMR Staff page.
If you use MAR’s purchase agreements, it is most likely in your clients’ and firm’s best interest that you use the most recent revision of them unless your Broker requires you to use an older version for specific reasons that they can verbalize. MAR frequently revises the forms for good reasons determined by a Committee of practicing Brokers across the state in consultation with MAR’s legal counsel. The most recent revisions of the Residential Purchase Agreement (F1) and Lots Purchase Agreement (F2) is 06/2018. Review the changes and consult your Broker if you are using an older version.
Eight criminals have been caught after they used email to scam real estate agents and buyers to commit wire fraud to steal approximately $15 million. Read the article about how a real estate company assisted the FBI in nabbing the criminals. As suggested in a separate article, you may wish to consider inserting the wire fraud email template into your email signature to help protect your clients.
If so, you must have shown some interest in or talent for local politics. On October 25, we’d like to provide some help to determine whether running for office is right for you. Central Mississippi REALTORS® and Mississippi REALTORS® intend to co-sponsor a one-day Candidate Training Academy for REALTORS® and friends of REALTORS® who have a sincere interest in the subject of running for public office.
There has been a lot of anxiety and frustration exhibited over the measures you all are having to take to comply with the new advertising rules that took effect July 1. Because you have had to go to a lot of lengths to become compliant, your tendency might be to scrutinize every sign, ad, and communication you come across to see if it is in compliance.
Each of you knows CMR as an Association likes to be first in everything and exceed any goal handed to us. Because of your effort, Mississippi was the FIRST state to exceed the 20% goal set by NAR for responses to the Call for Action on flood insurance.
With the July 1 deadline approaching to comply with the new MREC advertising rules requiring firm name and firm phone number in all forms of advertising, also remember that firm name display in advertising is an obligation of the Code of Ethics - Article 12, Standards of Practice 12-5 and 12-9.
Contacting a withdrawn seller is soliciting a listing that is still listed which is a potential violation of Article 16 of the Code of Ethics.
In our MLS, the listing agreement with the seller is still intact when a property is in withdrawn status. Withdrawn is a temporary status used when a seller doesn’t want the property shown while something temporary is going on (renovations, family illness, Christmas holidays, etc.).
If yes, NAR has an award for you – REALTOR Emeritus Status.
Through 2019, a REALTOR® Member who has held membership in the National Association of REALTORS® for a cumulative period of 40 years, and has completed at least one year of service to the Association, is eligible for REALTOR® Emeritus status.
You received information recently that several of MAR’s Standard forms were revised in March. Last week, five of the recently revised standard forms were once again revised based upon member input and have a revision date of May 2018. If your firm uses MAR’s forms, it is to your advantage to use the most current revision.
The “Ultimate Jackson Staycation” package will be raffled off to one lucky attendee of the 2018 MLS Expo. More details including prize list and prices provided within.
Actions taken by the NAR Board of Directors held Saturday, May 19 in Washington, DC of which you need to be aware.
You are missing the boat if you are not emailing your sphere of influence a monthly CMMLS Market Heartbeat.
A New Best Practice. The Best Practices Committees is hard at work updating CMR’s Best Practices. Five new ones are being added this year. Here’s one of them.
Be careful: You and your buyer may be under surveillance when touring a property.
“Coming soon” can be an effective marketing tool if:
1. A signed listing agreement is in place.
2. The MLS Exemption was filed with the MLS within 24 hours of having the signed listing agreement.
3 The property is not shown to anyone, by anyone until it is exposed to the full buying market for the benefit of the seller.
Through the use of new technologies in the photo industry, REALTORS® can become creative with the way photos and images are displayed on websites.
MARPAC Endorses CMR Appraiser Bob Morrow for House District 60.
Your next Facebook post could be a violation of the MLS and Code of Ethics. Read this tip to steer clear of MLS and Code violations.
For the second year in a row, Central Mississippi REALTORS® (CMR) will be a participant in the Over the Edge with Friends of Children’s Hospital fundraising attraction.