MLS Newsletter - IMPORTANT UPDATES

Message from Our MLS President, Penny Tarwacki

Did you know:

When advertising you must include your BROKERAGE NAME and address OR office phone number in every ad. This law has been in place for decades. This means using the logo only is not acceptable nor is the use of the company name without the address or phone number and would be a violation of state advertising laws. Advertising must be under a broker’s supervision, as all acts of real estate must be.

Agent’s name cannot be larger than the brokers name in an ad, equal size and same font is acceptable. This was added in 2018.

Social media is advertising! When posting anything pertaining to real estate as an agent you must follow state law. This includes not violating Fair Housing Law in social media. Think before advertising, who is looking and how are they perceiving what is being offered.

Always be careful when advertising financing information, as RESPA laws require all terms to be included. Myself, I prefer to leave financing terms to the lender unless it is a land contract within seller direction.

Check out the SEBAR website or LARA for information on advertising guidelines and to make sure you are compliant. Have a great month!!

Final MLS Quarterly Payment Due March 30, 2022

Click below to view your balance.

Note once logged in you will find 2 links for Invoices, MLS User Fees and Association Dues.

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City of Allen Park

Building Department

Effective March 1, 2022 all residential dwellings for sale will be required to have a Certificate of Occupancy prior to closing per Ordinance 04-2019, Chapter 10, Article 10, Sec. 10-404.

The City of Allen Park Home Sale Inspection Policy:

Inspection of the interior of the home and the exterior property will be conducted by the Building Department. The inspection fee is $175.00 which includes the initial and final inspection. The homeowner has the option to either make all necessary corrections to obtain a Certificate of Occupancy or they can sell the property “as is”. The buyer can assume responsibility for the repairs but must put forth a minimum $500.00 (10% of which is nonrefundable) in escrow along with signing an affidavit assuming the violations and the escrow agreement before closing, the affidavit would then be used as the closing document.

Inspection reports will be available via e-mail provided, mailed or picked up in person within 5 business days after the completed inspection.

To avoid delays with your closing, please be sure you have either the Certificate of Occupancy or the buyer has the signed affidavit in hand prior to scheduling your closing.

Any home that is listed prior to March 1, 2022 will be exempt from obtaining a Certificate of Occupancy.

City of Allen Park Building Department Website "Click Here".

City Certification Requirements

Tired of continually signing in and out of multiple accounts on the SentriKey Real Estate website and app? Those days are gone. SentriLock is thrilled to announce its new Account Toggle feature.

SentriLock is here to make your life easier through technology and is excited to announce our new Account Toggle feature available in both the SentriKey Real Estate website and app. If you are a REALTOR® with multiple accounts you can now easily toggle between them – no more signing out, signing back in, trying to remember multiple passwords, and trying to remember what is in which account.

It’s easy to use this feature. Here’s how:

Sign into your SentriKey® Real Estate account.
Go to your Account Settings and click on your Profile.
Your current account that you are actively logged into will be shown and below that will be an “Add Account” option.
To add existing accounts, select “Add Account” and log into an additional account with those credentials.
Once you successfully login to the account you’d like to add, a success message will be displayed showing that the account has been added to your profile.
The coordinating information (including all assets for each account – lockboxes, listings, account information, message center notifications) will appear after you toggle to your other account, and you can toggle back and forth between accounts within your profile settings.

CLICK HERE TO VIEW MORE

Existing-Home Sales Fade 7.2% in February

Each of the four major U.S. regions saw sales fall on a month-over-month basis in February.

Existing-home sales dipped in February, continuing a seesawing pattern of gains and declines over the last few months, according to the National Association of Realtors®.

Click "HERE" to read what experts are saying.