Seller Concessions Now a Required Field when Closing a Sale in MLSCO
When REALTORS close a sale in in MLSCO, they are now required to include any seller's concessions. This was implemented as a required field to indicate to the appraiser that concessions either did or did not happen with the property sale. Although we do not require members specify the concessions details it does give them information when the MLS sale is different from the recorded deed that may save them time using the sale as a comparable.
Custom Report Writer
Appraisers are encouraged to try out the new custom report writer in Rapattoni. For more information and training on how to use the feature, click here. While designed for REALTOR flyers, the ability to add custom fields to your report, the features could be very useful to appraisers.
Code of Ethics Requirement
We know how much appraisers love the NAR Code of Ethics requirement, but it is that time again! The deadline to complete the NAR Biannual Code of Ethics class is 12/31/18 and currently 70% of the membership still needs to take the class. While COAR's July class is full, we have two more offerings this year:
September 11 and November 20. Additionally, the CE Shop is offering 35% off their new version of the course with the discount code GREAT35.
Added Features to InfoSparks and Trends
While COAR will continue to produce quarterly statistics, we know they are often not specific enough for appraisal use or may be needed more often than quarterly. We have worked with two of the MLS statistic vendors, InfoSparks and Trends to produce stats similar to COAR's quarterly stats.
InfoSparks now has financing as a search option and the property types have been further broken out. Trends now has a Year to Date Quarterly Report that calculates % change in all the data fields, which include all those normally on the COAR reports plus a few extras.