Thursday, September 30, 2010

AVG Antivirus Users

The latest version of the AVG Free Antivirus program (AVG Anti-Virus Free Edition 2011) just became available the other day. Until further notice, do not upgrade to it. Currently there is an incompatibility with RE/Xplorer which leads to error messages and the inability to log into REX. Programmers are aware of this and are researching ways to make them compatible. If you have already installed the 2011 version, you will have to uninstall it in order for RE/Xplorer to work again.

We will let you know when it is safe to upgrade to AVG 2011.

Tuesday, September 28, 2010

REO vs Short Sale

A listing cannot be both a SHORT SALE and a REO property. These are mutually exclusive fields.

A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency. The Compensation Code field is not a required field however you can mark your listing as a Possible Short Sale by placing a “S” in this field.

Real estate owned or REO is a class of property owned by a lender, typically a bank, after an unsuccessful sale at a foreclosure auction. As soon as the bank repossesses the property, it is listed on their books as REO – Real Estate Owned – and is categorized as an asset. REO Property shall mean a property listed by a lender or the lender’s authorized representative.

This is a required field for SF, CN, MU, CI and LA property types.

GFC CMLS Training Classes

The following sessions are available:

Listingbook Basics (Norwalk)- 9/28/10 - 10:00 am - 12:00 pm

Listingbook Advanced (Norwalk) - 9/28/10 - 1:00 pm - 3:00 pm

Listingbook Webinar - 10/07/10 1:30 pm - 4:30 pm

DocCentral (Norwalk) - 10/13/10 9:30 am - 11:00 am

Listingbook Basic (Bridgeport) - 10/13/10 10:00 am - 12:00 pm

Listingbook Advanced (Bridgeport) - 10/13/10 1:00 pm - 3:00 pm

RE/Xplorer (Norwalk) - 10/14/10 9:30 am - 12:30 pm

REInsight Mobile Webinar - 10/15/10 10:00 am - 11:00 pm

rDesk IDX Webinar - 10/15/10 2:00 pm - 3:00 pm

RE/Xplorer (Saturday, Norwalk) - 10/16/10 10:00 am - 1:00 pm

Paragon Webinar - 10/19/10 6:00 pm - 9:00 pm

RE/Xplorer (Norwalk) - 10/20/10 1:30 pm - 4:30 pm

CMA Webinar - 10/22/10 9:30 am - 12:00 pm

Listingbook Basics (Bethel) - 10/25/10 10:00 am - 12:00 pm

Listingbook Advanced (Bethel) - 10/25/10 1:00 pm - 3:00 pm

RE/Xplorer (Bridgeport) - 10/26/10 9:30 am - 12:30 pm

Listingbook (Bridgeport) - 10/26/10 1:30 pm - 4:30 pm

RE/Xplorer (Westport) - 10/27/10 10:00 am - 1:00 pm

RE/Xplorer (Bethel) - 10/28/10 9:30 am - 12:30 pm

Listingbook (Bethel) - 10/28/10 1:30 pm - 4:30 pm

Click here to register or call the GFC CMLS office at 203 840-6674

Thursday, September 23, 2010

Did You Know.....

...that listings cannot be entered into our system for comps only? Listings entered solely for statistical reasons are not allowed as per section 4.2 of the GFC CMLS Rules and Regulations. Ironically, entering these listings to enhance the comparables actually do the system an injustice by skewing market time calculations as well as other information.
If you receive a Listing Validity Check from Data Verification, please do not delay in contacting us at 203-840-6674 ext 320 to avoid unnecessary penalties for you and your office.
Section 4.2 - Listings May Only Be Filed to Offer Cooperation and Compensation to Other participants.(bold) The Service will not accept for Filing a Listing that is (a) not freely available to offers from cooperating brokers at the time it is Filed; (b) filed strictly for the purpose of enhancing the Listing Broker/Agent's "Market Share" statistics; or (c) filed only to provide comparable sale information. Violations of this section 4.2 are subject to "Second Tier" fines and penalties as set forth in Section 3 of Schedule C.

Tuesday, September 21, 2010

Women's Council of Realtors Presents

Time Management - Kim Kasparian presents:
"Manage Energy, Create More Time - Energetic Time Management"

$10 for WCR Members $20 for Non-Members RSVP to

Wednesday, September 22nd, 1:30 pm - 4:00 pm Westport Public Library McManus Room

E-Readers at Norwalk Library

The Norwalk Public Library has made e-readers available for a one week checkout.

They also have iPads available from within the library, but those are not available for checkout.

Click the link below for more information:

Friday, September 17, 2010

Paragon Update Process

Programmers have been working since yesterday to repair the process by which listings and rosters are updated from RE/Xplorer to Paragon. The process has been fixed, and they are now going through the backlog of updates that have been on hold since yesterday (Wednesday Sept. 15). There are a lot of updates to process, but they are hoping to make it through all of them within the next several hours.
To be safe, you may want to continue to use RE/Xplorer for reliable, up-to-date listings information for the remainder of the evening.
We appreciate your patience.

Friday, September 10, 2010

Special Events

Be sure to check out our Special Events Page by clicking on the link on the right side of our homepage for details regarding upcoming events!

Currently you can find information regarding a "Round Table Forum" with candidates for state office in Region 1. See page for details.