RMLS™ is preparing to release phase 2 of its annual forms change on RMLSweb. In late January subscribers will notice revisions to the Oregon and Washington listing contracts.
Forms changes happen regularly on RMLSweb. Each change has been approved by the RMLS™ Forms Committee based on the feedback provided through hundreds of subscriber comments. Recommendations were then reviewed and approved by the RMLS™ Board of Directors.
Here is an overview of the changes that will be made to the Oregon and Washington listing contracts later in January 2020:
Layout Change [Oregon and Washington]
To help with readability of the forms, blank rows have been added between paragraphs. Row numbers will not appear on blank rows. In addition, when a paragraph includes “…a)….b)….c)…”, each of these will be placed onto it’s own indented row.
Brokerage Fee [Oregon and Washington] UPDATED (January 8, 2020): Redline below was updated to include “…of the selling price or option exercise price of the Property…”
The following sentence was added to the “Brokerage Fee” section: “From the brokerage fee an amount equal to _____% of the selling price or option exercise price of the Property or $ _____ will be offered to Cooperating Firm (BAC).”
Right to Compensation [Oregon and Washington]
In the last paragraph of the “Right to Compensation” section, the first sentence is now bolded.
Seller’s Property Disclosure Statement [Oregon]
The first sentence was updated to better denote the Oregon Revised Statute: “As required by Oregon law, SELLER will complete the Seller’s Property Disclosure Statement accurately based upon SELLER’s personal knowledge and information as required under ORS 105.464.“
Signature Section [Oregon]
In the signature section of the Oregon listing agreement, the dedicated fields for Participant Broker signature have been removed. In it’s place, fields were added to denote the address of the Broker’s Firm.
General Housekeeping [Oregon and Washington]
In both the Oregon and Washington contracts, some general housekeeping edits were made. One example is changing “…FIRM’S…” to “…FIRM’s…” and “…SELLER’S…” to “…SELLER’s…” to match formatting through out both contracts.
Ask Technical Terry is a series RMLS™ aims to offer once a month. RMLS™ subscribers will drive the content—submit any question about RMLS™ to Technical Terry in the comments or by emailing communications@rmls.com. Don’t be shy—we won’t identify you by name.
Technical Terry:
I’m sure you’ve heard the stories about RMLS™ subscribers having to resort to using products from other brokerages to deliver new listings or changed listings to their clients in a timelier fashion. This seems contrary to the mission of RMLS™, is it not? Why do we not have tools available either within RMLSweb or within one of your approved third-party vendor integrations?
Frustrated in Fairview
Dear FF:
I understand your frustration and concern. I do have some good news for you in this area. Remine recently added some new functionality to an already great product that should solve the issue you mention above regarding delivery of new / changed listings to your customers in a timelier way. Here are some details on that new set of functionalities:
Saved Search
Stay up to date on property updates through the Saved Search
feature! When you save a search, you’ll receive email notifications when new
properties meet your search criteria, or when property characteristics change,
like MLS status or listing price. You can also automatically update your client
on the newest properties that meet your Save Search criteria.
The product feature formerly known as Track is now
called “Carts.”
Carts enable agents to share specific properties or
groups of properties with their clients and receive quick and easy feedback.
Previously, RMLS™ subscribers could maintain up to
100 properties with the Track feature, that number increases to 500 properties
in Carts.
Consumer Portal Improvement
As
a RMLS™ subscriber, you can create your own public-facing portal as a free lead
capture system. To participate, you simply need to activate your Remine account
and invite your contacts. The more invitations you send, the more visible you
are to future clients.
You
can invite unlimited contacts to your portal, to keep them tied to your
business and the MLS.
Additional Enhancements from the recent Remine update:
New User Interface: A
cleaner, more modern and intuitive user interface is now available, on both the
desktop and mobile applications.
CMA 360: An improved CMA experience.
Remine offers the only CMA in the industry that searches MLS and off-market
comps.
Property Details Page:
Format and layout have been improved
For the week of November 4-10, 2019, these charts show the number of times RMLS™ subscribers opened SentriLock lockboxes in Oregon and Washington. Activity decreased again last week Washington and increased in Oregon.
Here we go again! RMLS™ celebrates another year working hard for thousands of subscribers across Oregon and Southwest Washington by presenting an annual collection of numbers. These numbers show just how much RMLS™ has supported real estate activity over the course of 2018. We hope you enjoyed journeying along with us.
RMLSweb Number of times subscribers logged in to RMLSweb: 1,662,042 Photos uploaded to listings: 1,981,602 Number of new prospect profiles created: 71,914 All residential properties listed for sale: 78,378 All residential properties sold: 57,902 Median sold price of homes listed: $350,000 Total dollar volume of homes sold: $22,455,096,000 Reports viewed: 8,286,339
RMLS™ Subscribers RMLS™ subscribers as of December 2018: 14,489 New RMLS™ subscribers (compared to December 2017): 516 Increase in subscribers, above: +3.69 Subscribers who attended training: 5,406 Number of calls to the RMLS™ Help Desk: 27,794 Number of Help Desk chats: 5,215 Number of incidents reported using the “Report Issue” button: 7,027 CE hours distributed by RMLS™ at no cost to subscribers: 1,565 Total attendance at RMLS™ training events: 5,747
RMLS.com Total customer visits to RMLS.com: 2,120,150 Unique visits: 791,455 Total listing views: 1,145,379
RMLS™ regularly compiles plenty of other numbers as well! In addition to publishing Market Action each month, we have statistical summaries available on RMLSweb with information dating back several years.
We love numbers here at RMLS™, and hope you find this data as fun and interesting as we do.
It’s that time again! RMLS™ has made it through another year working hard for thousands of subscribers across Oregon and Southwest Washington and we’d like to show just how much RMLS™ has supported real estate activity over the course of a single year. How do we do it? We compile a suite of numbers to quantify the work we do for our REALTOR® members.
RMLSweb
Number of times subscribers logged in to RMLSweb: 1,785,754
Photos uploaded to listings: 1,688,226
Property searches run: 572,205
Number of new prospect profiles created: 78,319
All residential properties listed for sale: 75,331
All residential properties sold: 59,203
Median sold price of homes listed: $300,000
Total dollar volume of homes sold: $20,243,723,000
Unique tax searches: 111,094
Reports viewed: 9,856,816
Broker tour searches run: 11,744
Open house searches run: 10,534
Statistical searches run: 24,247
RMLS™ Subscribers
RMLS™ subscribers as of December 2016: 13,345
New RMLS™ subscribers (compared to December 2015): 1,132
Increase in subscribers, above: +9.3
Subscribers who attended training: 3,538
Number of calls to the RMLS™ Help Desk: 25,850
Number of Help Desk chats: 4,508
Number of incidents reported using the “Report Issue” button: 6,668
CE hours distributed by RMLS™ at no cost to subscribers: 2,514
Total attendance at RMLS™ training events: 3,538
RMLS.com
Total customer visits to RMLS.com: 3,145,131
Unique visits: 1,141,705
Total listing views: 1,790,588
