REALTORS® PROPERTY RESOURCE – NAR’s parcel-centric database is in beta test in 12 locations through July. At the conclusion of the beta test, NAR will begin live roll-outs first with the beta test sites, then sites where the MLS has negotiated a data license agreement with RPR, then other regions. The process could take 5-6 years. RSC is currently negotiating the license agreement. Participation is contingent upon a satisfactory negotiation of several key issues.

AUCTION PROPERTIES – Section 1.7 of the PPMLS Rules currently states, “All property to be sold by auction shall be input with a Listing Price equal to $1.00.” At their meeting on May 19, 2010, the RSC Board of Directors created the following policy for sold auctioned properties, “That when an auction property is sold and closed, the Listing Price of $1.00 shall be changed to the same value as the Sold Price.” This action was intended to make sold auctioned properties more easily available for comps.

HOW TO EMAIL A PDF DOCUMENT that is attached to a listing to your client. Click here to learn how!

REMEMBER TO UPDATE LISTING STATUSES:
• Section 1.6.2: If a purchase/sale contract has been signed by both buyer and seller, RSC will treat it as a binding contract, and the listing status
   must be changed to UC or P. If the contract creates a short sale situation, then the listing status must be changed to A# or P.
         o  Remember that listings in the A# and UC statuses will auto-expire on their Expiration Dates. Be sure to get your written extensions prior to
             the Expiration Date.
• Section 9.1.1.2, #2: Failure to update a listing from Pending to Sold could result in a $100 fine.
         o  If you allowed your listing to expire while it was under contract, then after closing submit the Pending and Sold information to RSC for
             processing.
• Section 2.5: Even with LS or EO listings, it is still the responsibility of the Listing Broker to submit the sold information. Non-compliance could
   result in a $100 fine.

CONFIDENTIAL PPMLS INFORMATION – Just a reminder that certain information is considered confidential and not intended for use by any person that is not a PPMLS Participant or Sub-Participant, including buyers, sellers, mortgage brokers, lenders, etc.:
• Section 12.2: Information from other reports such as the Showing and Long/Detailed reports is confidential and intended solely for use/view by
   authorized Participants and Sub-Participants, and is therefore not available on any “Customer/Client Report”. Confidential fields include, but are
   not limited to: TB comp amount, TB comp % or $, BA comp amount, BA comp % or $, type listing agreement, service level, variable rate, range
   marketing, key, showing instructions, show/agent remarks, incentives, elec advertising, original list price, list/off market/expired date, sold
   concessions, quality below grade, sold remarks, personal property included, floor book remarks, and exclusive agency.

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