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Metrolist complies with NAR on "Search MLS" phrase

sandi zimmerman from Remax is chairman of the board for denver's MLS Metrolist and talks about the new NAR rules in regards to using search MLS and search IDX MLS

 

BrokerIPTV: Today we are talking to Sandi Zimmerman, Chairman of the Board for Metrolist. Sandi, thanks for being with us, glad you are here.

Sandi Zimmerman: Thanks Dan. Good to see again.

BrokerIPTV: We all know about or at least if you are real estate agent, you are in the business, what Metrolist can provide agents, but what if you are an online buyer and you want access to Metrolist, what could they do?

Sandi Zimmerman: We own our own website called REColorado.com. That would be one of the ways that people could be on and search very specifically here in Colorado area. We also everyday turn in our realtor listings to realtor.com, since that the number one website through the net... through out the United States, that's another great website, that they chose to use to. We have 3800 people just right here with Metrolist that have their own IDX websites. So, they have created themselves, so they also... that's another great way to get that to their buyers or their sellers and get information out to them that they maybe wanting to get to them.

BrokerIPTV: When I was building my website, I wanted to have listings on my website, so I got a third party provider to give me IDX listings, but for people who don't know IDX is, can you explain?

Sandi Zimmerman: Well, IDX stands for Internet Data Exchange. Basically what that does is that, it does give you exactly what you said. The opportunity for you to display other broker's listings on your website and the advantage to you is about your sellers. So, in all place they love that. To your buyers, they can search there and be able to go on and see that, but one of the things with IDX is, it is not 100% of listings. We do have some people that have the right if they want to "opt out" whatever. So, that's one of the things with IDX that we are trying to get across to people is that, when you are searching in an IDX site, that is not searching the MLS.

BrokerIPTV: I have the option of doing actives, solds and under contracts, but I am not doing the last two. I am only doing actives. So, everybody's IDX can be a little bit different.

Sandi Zimmerman: You can create your package however you want it and there are people who want to do just active like you are, but we are the only MLS right now that does have under contracts and solds and there are lot of people that love that. there is a lot of the public that actually likes that they are getting that accurate information, but still some of the other areas that indicates, you have seen don't necessarily always have the correct accurate information. We do have it on there and that could be an advantage, but the great thing about your website is you can create how you want it to be.

BrokerIPTV: But there are some new rules in place regarding IDX and which you can and cannot do, is that right?

Sandi Zimmerman: That is correct. In our new rules you may not say "Search the MLS". You may say "Search IDX MLS," but we don't want them, [Inaudible] construe to the public that they think they are searching the Multiple Listing Service when they are not searching 100% of the MLS and that's the reason that the rules gone into place.

BrokerIPTV: Since I get my services from a third party provider, are they already in compliance with this a head of time?

Sandi Zimmerman: They have already all been told that exactly what's going to be happening, when it needs to be done by? We have sent out letter to all of them and letting them know what the changes are and when that has to be done? We are also doing followup calls to each of them too, so that they are aware of it. As long as our own participants, because you know depending not everybody has a third party, some of them done their own or whatever, so every single person will be aware of that, so that they do make the changes in the proper time.

BrokerIPTV: Why were these requirements put in place what happen?

Sandi Zimmerman: Well, part of it came from National Association of REALTORS®. NAR has... its one that came down with this first, so we jumped on the bandwagon right away, so that we could get this taken care of. Truly we more than anything you do now, want to best construe to the public that they are doing something other than what they are. When you say search the MLS they think they are searching every listing and they are not. So, that's one of the main reasons that we are putting that into place.

BrokerIPTV: Sounds good. Thank you very much. Good information.

Sandi Zimmerman: Thank you too.

BrokerIPTV: Appreciate it and Thank you for stopping by.

Sandi Zimmerman: Thanks.



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Posted on October 03, 2008 03:40:17 by Mark.Eibner
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Denver's Metrolist is not your Dad's MLS

Sandi Zimmerman from Remax is Chairman of the Board for the Metrolist MLS system which has so many features like REcolorado,IDX MLS Feeds,Instanet forms and document storage as well as Microsoft Virtual Earth Mapping and free training

 

BrokerIPTV: Today we are talking to Sandi Zimmerman, Chairman of the Board for Metrolist. Sandi welcome to the show, glad you are here.

Sandi Zimmerman: Yeah and thank you very much, it's nice to be here.

BrokerIPTV: Tell me about some of the advantages of Metrolist?

Sandi Zimmerman: We are the largest Metrolist here in the region and we have 18,000 members.

BrokerIPTV: Wow.

Sandi Zimmerman: We also have our own website called REColorado, which is a great advantage to all of our participants. They love that it gives more exposure to both their sellers, as well as near buyers they maybe working with and what they are looking for.

BrokerIPTV: Wow.

Sandi Zimmerman: We have 3800 people that have their own IDX sites. Now, another tool for us to get the recheck clients, whether they are seller or buyers or just the public that's out there kind of looking and saying "What's going on in colorado?" In our inventory we have the largest inventory around here with 18,000 members that also helps their inventory, which helps us with our buyers and sellers, right?

BrokerIPTV: Sure. As a member though I didn't know about REColorado?

Sandi Zimmerman: Really?

BrokerIPTV: Yeah.

Sandi Zimmerman: Oh, that's awesome REColorado is our own website that we update in everyday. We are actually uploading our all of the listings to go automatically out there for you.

BrokerIPTV: As a member, what services are available to me?

Sandi Zimmerman: We have the state of art training room. If we have been at Metrolist we got a great training and another thing that we also do deal with our staff now is coming out to a lot of the broker offices and doing the training that we have going on right now too. Our technical support I think support I think is fantastic. They are there 364 days out of the year. So, pretty much accept everyday, except the Christmas there. they are to help you if you have any problems and I think that's a huge advantage. I think our staff, we have a wonderful staff there. You talk to real people, that's one of the things I like whether it's the training or the staff, if you need help on any aspect, we got the courteous staff there that's helpful and if they don't know, they will find it out and get back with you. I think that's a another huge help that we have.

BrokerIPTV: In those classes are CEC credits?

Sandi Zimmerman: That's great too. Not all of them, but yes a lot of them are CEC credits and a lot of people don't know that. That's another thing that if you are needing that or one you think you are training and learning, as well as earning those credits, all in one.

BrokerIPTV: Yes. What are the tools are available to members?

Sandi Zimmerman: Well, we have a lot of different things that I... the most recent the Prime Access has just come out with its MS Virtual Earth mapping and that's fantastic. We are finding people just absolutely love the mapping. We also have showng assist, if your office uses showing assist or they may or may not even know about it, but that's another great way for people to use that and be able to setup appointments.

BrokerIPTV: I love showing assistant, if I don't have to pickup the phone and I can just click and make my showing appointment, that makes me so happy.

Sandi Zimmerman: You are right, it is so easy. Just go online, set them up, set it for [Sign] comes back to you, you know...

BrokerIPTV: Its half of my time?

Sandi Zimmerman: Yeah, sometimes even a more of your time I think trying to track back down the lock boxes or some even maybe didn't call you back or something along those lines.

BrokerIPTV: Yeah and I like the mapping, because when I am look up all of my potential listings and I am going to go out and take a look at, I can kind of see in relation on the map how far apart they are from each other.

Sandi Zimmerman: Exactly.

BrokerIPTV: helps a lot.

Sandi Zimmerman: And so many other things, I am not sure if you tried up. You know we now we have forms online, Instanet,  as well as document management, the Instanet plus DocBox. That's another great tool that we have just come out with recently and we are getting a lot of really great feedback from that too.

BrokerIPTV: And all of this is available to me as a member for my normal monthly fee?

Sandi Zimmerman: We don't have any hidden cost, there is nothing there. All of this is free to you with that monthly fee.

BrokerIPTV: Sandi, thanks so much. Appreciate it.

Sandi Zimmerman: Thanks whoever there, it's a pleasure.



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Posted on October 03, 2008 03:34:54 by Mark.Eibner
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FHA government-backed loans are now the buyer's choice

FHA government-backed loans are now the buyer's choice and not Freddie Mac and Fannie Mae

 

FHA government-backed loans are now the buyer's choice

Buyers seeking to refinance out of adjustable rate mortgages are now looking to the Federal Housing Administration. According to the Mortgage Bankers Association, FHA loans typically have a lower down-payment than Freddie Mac and Fannie Mae. The incentive for these loans has only increased as Congress and the Bush Administration expand guarantee programs, and help people to refinance into more affordable loans. Applications for these loans have risen 317 percent since July of last year.

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Posted on September 18, 2008 17:03:10 by Mark.Eibner
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Denver Real Estate Brokerage Sold

Denver Real Estate Firm Fuller Towne and Country has now been bought by Sotheby's International Fuller Sotheby's International Realty

 

Local Dever Real Estate Brokerage Sold

Fuller Towne and Country has now been bought by Sotheby's International. Fuller Towne and Country recorded more than 1500 real estate transactions last year, amounting to nearly $1.1 billion in sales. However, everyone seems to win in this transaction. All original founders will remain at the company, while the addition of the Sotheby's name will enhance advertising and bring a larger, international audience to view their homes. The new name is posted onthe company website as; Fuller Sotheby's International Realty.

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Posted on September 18, 2008 16:46:29 by Mark.Eibner
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National Association of Realtors sees drop in sales prices for 2008

National Association of Realtors sees drop in sales prices for 2008 good for buyers and bad for sellers

 

National Association of Realtors sees drop in sales prices for 2008

Good news for buyers from the National Association of Realtors. Bad news for Sellers. Resale home sales are expected to drop 11.4 percent this year. This number is larger than the forecasted 8.9 percent in July, and the earlier expected 6 percent in June. Buyers can also expect new homes to drop about 34 percent this year, and the 30-year fixed rate mortgage is expected to average just over 6 and a quarter percent. The real estate market is finally picking up.

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http://www.brokeriptv.com/000228
Posted on September 18, 2008 16:03:50 by Mark.Eibner
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