This week, the Flexmls® System will provide MLSs with two new settings to control the availability of Sold listings on IDX: “Allow sold listings on IDX” and “Limit sold listings on IDX to those sold within the last three years”.
These settings help customers in two very important ways.
First, as per The NAR, via Inman News coverage, “multiple listing services must now allow brokers to display a minimum of three years of sold listing data on their non-password-protected websites”, with the only exception being non-disclosure markets. With these new settings, MLSs can now comply with The NAR mandate in one simple step: e-mail a request to the FBS Customer Projects and Relations team (firstname.lastname@example.org). They will enable the Sold listings on IDX.
Boom – one e-mail and done.
Second, from a Broker and Agent perspective, the display and accessibility of sold listings directly from the MLS on an IDX website is very powerful and, creates a clear, competitive edge. Currently, third party listing portals utilize tax records (and possibly other local public sources) to present sold information on their websites. Because of this, there is an unavoidable time delay between the actual sold date and, when it appears on the third party website. With the sold listing information coming directly from the MLS, the Broker and Agent’s website will serve up the most reliable and timely sold property information, in advance of the third party websites. Consumers get a real-time view of what’s happening in the marketplace and, can make their decisions based on fresh, reliable data from their local Broker and Agent. That’s something to cheer about!
The Flexmls® System: helping MLSs facilitate industry change while helping Agents look awesome with their customers!
Help us share the good word to Brokers and Agents about this great new enhancement.