New Contingency Field Added to Northstar MLS

The Minnesota MLS has taken another step forward to make it easier to find out if there is any offers in on short sale homes by adding a new field.  Read the press release below.

Last year, BookAShowing added a Contingency field so that you could indicate when any of your Active listings had an offer accepted subject to a contingency.  That field is now maintained within NorthstarMLS.

• BookAShowing has shut off input of the Contingency field within their system.
• The Contingency field is now available for add/edit within Home Base.  If you have add/edit permissions, you will find the field in the “Listing” section right before List Price.
• The Contingency field is available on Northstar MLS Matrix for search and shown on displays (including the Customer Portal for your clients).  If there is a Contingency, it will display on a line below Status (full and short displays). On the Single Line displays, there is a new column to the right of Status labeled “C” for Contingency.  It is filled with either N (No) or Y (Yes) to indicate whether or not there is a Contingency.  The Contingency field has not yet been added to the Print Reports, however we expect that to be completed by the end of the week.
• You will no longer enter Contingencies into BookAShowing.  You will enter them in Home Base, and your listing on BookAShowing will automatically update.
• BookAShowing provided us a data feed of all Contingency settings for NorthstarMLS listings within their system.  We automatically populated those Contingency settings on NorthstarMLS so that you don’t have to go in and reset them.
• The Contingency field on MN MLS has the same options as on BookAShowing:  Inspection, Sale of Another Property, Third Party Approval and Other.  It is a required field.  The selection will default to “None” when you enter a new listing.  Whenever you have a contingency on one of your listings, you are required to edit the listing to reflect that contingency within 24 hours of accepting the offer with contingency.
• The Contingency Notes field is still be available for input within BookAShowing. If you want to add notes on the Contingency within NorthstarMLS, enter them in Agent Remarks.

Tagged: Minnesota MLS, mn mls, Northstar MLS