Get ready for new tech coming to your MLS Dashboards in 2022!
New MLS App - MLS Touch
MLS Touch will replace our current GoMLS app. With MLS Touch you can:
Sync your MLS Contacts
Set up Auto Emails
Invite clients to your own branded app
ListTrac
Have you ever wondered how many clicks your listings are getting? Listtrac will not only show you how many clicks an individual listing receives but will also show you where those clicks are coming from
DepositLink
This optional tool allows buyers to deposit earnest money electronically
Powered by Plaid
Easy-to-track earnest money throughout the lifetime of the transactions
Dual or Variable Compensation Arrangements
We have noticed that there is confusion regarding the use of the “Dual/Var Y/N” field in Matrix.
First of all, what is a dual or variable rate? Basically, it’s a commission arrangement between the listing agent and the seller which reduces the Seller’s commission obligation if the listing agent also represents the buyer. It’s defined under NAR Code of Ethics Standard of Practice 3-4.
While allowed under the Code of Ethics, agents have an affirmative obligation to disclose the existence of a dual/variable commission. Listings in the MLS that have a dual/variable rate should reflect a “Y” in the “Dual/Var Y/N” field in Matrix. Section 6.5 Dual or Variable Compensation Arrangements.
So, agents have a duty under the Code of Ethics and CVR MLS Rules and Regs to properly disclose the existence of any dual/variable rate.
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The CVR MLS Monthly Monitor provides the users of the Central Virginia Regional Multiple Listing Service with updates, product highlights, training opportunities, market data, compliance tips, and other noteworthy news affecting real estate professionals in our MLS. Click the View Archive button to see all archived CVR MLS newsletters.