MarketLinx MLS Data Checker
MLS Data Checker is an additional Web-based software solution that works with TEMPO and MLXchange to automatically validate the quality and accuracy of your MLS data and enforce the correction of violations.
How it works
Step 1 - Set Up the Rules
MarketLinx sets up the system to work with your existing MLS and membership management systems. The program is configured to find violations according to your MLS policies — regional MLSs can even define different rules for each association. Violations may include:
- Late entry of new listings "MLS Data Checker delivers tremendous benefits to HAR REALTORS.® The system ensures that listing information complies with our most important rules. The system automatically identifies violations—accidental or intentional—and then notifies the agents to correct the problem. Our members, homebuyers and sellers benefit from better information and an improved MLS system. Plus, the system is self-funding; it generates revenue from the fines paid by violators. This technology has become an indispensable tool in the administration of our MLS system."
- Failure to enter listings in the MLS
- Entry of listings by a non-MLS member
- Active listings without a valid agreement
- Inaccurate listing status
- Misuse of list price excludes
- Wrong property classification
- Misuse of agent remarks
- Misuse of financial remarks
- Misuse of public remarks
- Misuse of data with the intent to mislead
- Duplicate listing by the same broker/agent
- Inappropriate image and virtual tour links
- Inaccurate selling information
- Conditional offers of compensation
- Late reporting of pending sales
- Late reporting of final sales
- And much more!
Lorraine Abercrombie, Greenwood King Properties, 2006 Chair, Houston Association of REALTORS® Board of Directors
Step 2 - Identify and Enter
The program identifies new and changed MLS listings using a batch process, and then validates these listings against public records and the MLS-defined rules. Data inaccuracies and rule violations are flagged and brought to the attention of the system administrator. REALTOR-reported violations can be entered manually.
Step 3 - Review and Notify
The program automatically highlights each infraction for easy review by the system administrator, who then chooses the corrective action required. The program notifies the listing agent or broker of the violation by e-mail, including any information regarding grace periods and potential penalties.
Step 4 - Follow-up and Fine
The program monitors that status of each listing and tracks all changes in a revision log for easy review and approval by the system administrator. No fines or suspensions result if corrections are made during the grace period. For noncompliant listing agents and brokers, fines are transmitted to the membership management system for delivery by invoice. Repeat offenders can be automatically identified and fined immediately.
Benefits
- Improves the accuracy and completeness of your MLS Data
- Increases your capacity to process fines without adding personnel
- Increases non-dues revenue
- Fosters more disciplined data entry habits among membership
For More Information
To arrange a free demonstration of MLS Data Checker, call us toll free at 1-866-397-3286 today. Contact your MarketLinx account representative for more information on implementing MLS Data Checker for your MLS.
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