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CEO Corner
Russ Bergeron

Pocket Listings and the Broker -
Bad for Business and Bad Karma


There has been plenty of buzz about "pocket" or "off MLS" listings lately. Couple that with the resurgence of private "listing clubs" and brokers have a lot to consider. How can this issue be harmful to you, the managing broker or firm owner? Where should the discussion begin?

CONTINUE READING »

Russ

Seller's Listing Exemption Addendum

When a seller balks at putting their listing in the MLS, the Seller's Listing Exemption Addendum can assist you with demonstrating to them what they might lose if they go down that path. This addendum can also protect you down the line because it demonstrates that your seller made an informed decision about rejecting the power of the MLS.

View/Download the Seller's Exemption Addendum

It has also been posted under the Forms tab > "MRED Listing Forms, etc." link in connectMLSTM

It can also be found on the Forms pages under both the Rules & Photos and Help Desk tabs on MREDLLC.com


Updates to MRED Rules &  Regulations

Updates include:

  • Fine for failure to submit new listings within 72 hours is now $1,000 (increased from $100).
  • Definition of net sales price has been clarified
  • Same rules that apply to property description /remarks also apply to photo captions and photo remarks
  • MRED shall immediately remove any language that is offensive or not compliant with Fair Housing

View/Download a Clean Copy of the Rules and Regs

View/Download a Compare Copy

View/Download the Residential Glossary

View/Download the Commercial Glossary

Board of Managers Report


The MRED Board of Managers held their most recent meeting on July 18, 2013. Please see the attached report with updates from the March, April, June and July meetings.

TAKE ME TO THE REPORT »

Quotes from our Owners:
 
“Purchasing a preferred share of MRED has been a huge value to me and our company. The main benefit to me is being able to serve on the Board and vote for other shareholders to serve. Serving on the Board gives you a chance to take part in decisions that will shape the future of the MLS.
-
Jim Nelson, Jr., Broker/Owner, RE/MAX Suburban


“Owning a Preferred Unit gives you a vote and the ability to participate in the election process. Your representative can bring your ideas for improvement to the table. I believe with so many factors affecting our data, its distribution and its security, having the right to have your thoughts heard through your choice in representation makes sense. -Chuck Dinolfo, Century 21 Pro-Team

“After over 30 years in the real estate business and having been involved with four different MLS conversions, I find MRED a breath of fresh air, combining state of the art technology with a skilled and helpful staff. And that's why I purchased a Preferred Unit.” -Tom Guttilla, Broker/Co-Owner, Coldwell Banker Today's Realtors
 

About MRED

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.

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.

 

AUGUST 2013
 
What's New


MRED would like to extend a warm welcome to our newest Preferred Unit Owner Key Realty Inc.!

 
 
Most Innovative MLS

MRED won the Inman Innovator Award for the Most Innovative MLS at the Real Estate Connect Conference in San Francisco

READ MORE »

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MMidwest HomesTM Releases Version 2.0

New features include:

  • Agent Home Assist
  • Client Messaging
  • Drawer Navigation for iPhone/iPad
  • Display of all Property Status.

LEARN MORE »

---------------

Contact Gayle Ludemann for more information


MRED Officers for 2013:

Rob Schaid, President

Al Rossell, Vice President

Jeff Gregory, Treasurer

Tom Guttilla, Secretary

Russ Bergeron, MRED CEO

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