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Contract 6.1

The 6.0 Contact is now the 6.1 Contract. The contract has been modified to reflect some anticipated changes as a result of the TILA-RESPA Integrated Disclosure (TRID) and the new CFPB Rules that will affect your clients' home buying experience.

The 6.1 Contract is now posted:

  • If your buyer does their loan application BEFORE October 3rd, use the 6x0 Contract
  • If the buyer does their loan application ON OR AFTER October 3rd use the 6.1 Contract
  • The 6.0 Contract will no longer be available after October 5th. 

If you have any questions, please contact your Association.


TRID Information

TRID is being enforced starting October 3, 2015. It integrates existing disclosures with new requirements to improve consumers understanding of the mortgage process, aid in comparison shopping, and help to prevent surprises at the closing table.

TRID Field Guide »

Know Before You Owe Mortgage Initiative »

If you have any questions, please contact your Association.


Down Payment Resource has Been Discontinued

Please be advised that Down Payment Resource (DPR) is no longer accessible in connectMLS listings/searches and other MRED products and services.

Fortunately, DPR is still available to you:

  • Search down payment programs in your area via this link
  • You can also stay on top of news about first-time homebuyers and down payment programs by signing up fo the Down Payment Lowdown newsletter
  • MRED has added a direct link to Down Payment Resource's website under the Tools, Resources & Links menu in connectMLS, as well as on MREDLLC.com

Rules Tip

Reminder! When entering a listing in connectMLS, the listings remarks section is strictly for a description of the property and not for other items that have their own fields (such as compensation information or showing instructions ) 


What's New?

Some new things at MRED:

Help Desk hours on Saturdays, 9 am to 3 pm; and On Call Emergency Hours on Sundays, 10 am to 2 pm

Add/Edit and Auction updates to connectMLS

Realist Comparables Grid now includes column sorting

Addition of Cloud Streams, a listing alert and collaboration tool

New features added to the ShowingCart by ShowingAssist

Discontinuation of Down Payment Resource on October 1, 2015


Hidden in MREDLLC.com!

Looking to create a virtual tour for a list?

MREDLLC.com provides a list of license virtual tour vendors for you to choose from! These companies specialize in developing virtual tours for your residential and commercial property listings.

Check It Out »


About MRED

Visit the MRED Statistics Page for the Latest Numbers on Your Marketplace »

[MRED Login Required]
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Are you familiar with MRED's Menu of Products and Services?

See the Latest MRED Products & Services Brochure »

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MRED Social Networks:

                                          

Midwest Real Estate Data (MRED) is the real estate data aggregator and distributor providing the Chicagoland multiple listing service (MLS) to nearly 40,000 brokers, agents and appraisers and 8,000 offices. MRED serves Chicago and the surrounding "collar" counties and provides property information encompassing northern Illinois, southern Wisconsin and northwest Indiana. MRED delivers over twenty products and services to its customers, complementing connectMLS, the top rated MLS system per the latest WAV Group MLS Technology Survey. Connect with MRED at MREDLLC.com.

DISCLAIMER: Please always check with your managing broker or office manager to ascertain if any of your office policies supercede any general rule, information, suggestion or offer about the MLS system, other MRED products/ services or real estate in general contained in this communication.  Nothing herein is legal advice.

October 2, 2015



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How Can I Change the Layout of my Home Page?

Read the Latest eTip »

New Add/Edit and Auction Update in connectMLS »

Reminder: Agent Reports contain confidential information. They are NOT for distribution to or sharing with members of the public. Use Client Reports for that.
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LAST CHANCE! Illinois REbarcamp is coming to Oak Brook on October 5th

Register Now »
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The Good Neighbor award winner - one of our own - David Goodwin

Read More »
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3 Ways To Be A More Authentic Real Estate Agent »
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Join NSBAR for Vertex 15, an engaging, one-day conference designed specifically for YOU. Event will be held Thursday, October 22nd from 7:30 AM - 4:30 PM at the Westin Chicago North Shore in Wheeling. General admission is $99 or a VIP Ticket is $250

Register Now »
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MRED and IAR have partnered with Inman Select to provide a free subscription to Inman Select to IAR members and MRED customers! 

Learn About Select Audio Live Sessions »

Sign Me Up »

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CIPS Course "Global Real Estate: Transaction Tool" will be coming to C.A.R. on Wednesday, October 21st from 9 AM - 4 PM

Tell Me More »
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Join iHomefinder for a Lead Generation webinar on Wednesday, October 7th at 1 PM.

Register Now »
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Secret Weapons for Geographical Farm Marketing »

Here is the RPR Training Schedule »
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Welcome to the New DocuSign Experience »
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For new agents:

Where Do I Start? »

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MRED Training has added classes at the REALTOR® Association of Fox Valley

Learn More »

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Explore the training opportunities at MREDLLC.com/training. All MRED training - hands on, webinars, custom office training, videos - is FREE.

Check out our Facebook Training Page

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MRED LLC 2443 Warrenville Rd, Suite 600, Lisle IL 60532