Where Real Estate Gets Its Dirt

Bank of America alters MLS requirements for short sales.

Update: Multiple Listing Service Requirements

“We recognize that listing status classifications may differ by locale and are subject to local or regional MLS requirements. Brokers should follow MLS requirements at all times. MLS statuses such as Back Up, Contingent or Pending may be acceptable. Ensuring that the listing remains on the MLS until an approval letter is issued will help you show that the property was on the open market.”

This is a bit wonky for Vendor Alley but I know its been causing quite a brouhaha with many MLS providers.

Thx Russ.

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