Wednesday, February 6, 2013

Random Auditing of Listings

We are always looking for ways to ensure that the CMLS listings database is as accurate and up-to-date as possible. It is in the best interest of all CMLS users that the information that appears within the system is reliable and reported within an acceptable timeframe.

The integrity of the data within our system is not only critical to our members who rely upon the MLS system for their livelihood, but also to their customers whose CMAs, appraisals, and other property valuations are based on that same data. The downstream effects of data that is carelessly or inaccurately entered into the MLS can be profound.

To that end, we will be performing daily random audits of both active and off market listings. If your listing is selected, CMLS will contact you and request a copy of the listing agreement be sent to us within three (3) business days. Some examples of the information we will be verifying are:

1. Was the listing entered on CMLS within the required two (2) business days?

2. Were the listing and expiration dates reported correctly?

3. Does the listing agreement meet all requirements for entry into CMLS?

4. Were written permissions from the homeowner obtained for extensions, price changes, etc.?

The objective of this campaign is solely to preserve and improve the integrity of the CMLS system. Making sure our data is as accurate and timely as possible allows you to more effectively perform your job as a real estate professional.



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