CVR MLS Compensation Toolkit
2024-05-31T14:28:33-04:00March 15th, 2024|
In 2023, CVR MLS updated the listing entry rules to allow users to enter any amount including zero in a listing cooperative compensation fields. This change was made to underscore the complete flexibility of CVR MLS participants and subscribers to engage in transparent negotiations with their clients. As of February 1, 2024, several revised forms are available in the CVR MLS forms library, including CVR MLS Residential Listing Agreements and the CVR MLS Exclusive Right to Represent Buyer Agreements. The compensation paragraphs in these agreements have been revised to further clarify offers of compensation and facilitate the compensation [...]
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Residential Property Disclosure Act Summary Form FAQs
2021-07-02T12:53:32-04:00July 2nd, 2021|
The CVR MLS Board of Directors approved the form CVR 426 Summary of Residential Property Disclosure Act which is available in Instanet as of July 1, 2021. Frequently asked questions about this new form and the VR SUM 1 - Summary of Rights & Obligations Under the Residential Property Disclosure Act form are available below. What is the purpose of the CVR 426 Residential Property Disclosure Act summary form? The purpose of a summary form is to document that an agent representing a seller and/or purchaser has informed their respective client about the disclosures listed on DPOR's website. Why did CVR [...]
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NAR’s Clear Cooperation Rule
2020-03-18T16:26:19-04:00March 11th, 2020|
The new Clear Cooperation and Office Exclusive Rules that were passed earlier this year will become effective on April 2. Resources, FAQs and a sample Owner Listing Opt-Out Authorization can be found on our website or in our Knowledge Base. CVR MLS staff understands that the next several weeks or more pose unprecedented circ*mstances for all of us. CVR MLS Staff is here to work with you during this time if you have any questions or need assistance. What is the new Clear Cooperation rule? This past November, the National Association of REALTORS® (NAR) Board of [...]
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Password Best Practices
2019-10-18T10:37:20-04:00October 21st, 2019|
Traditional password practices are no match for today's automated, cybersecurity threats. Taking some simple but effective password precautions can help protect your client's data. Here are a few recommended practices for a more secure password: Don't require character composition requirements. For example, *&(^%$ Don't require mandatory periodic password resets for user accounts Don't store your password in a browser Ban common passwords, to keep the most vulnerable passwords out of your system Educate your users to not re-use their organization passwords for non-work related purposes Click for the full list of password policy recommendations, provided by Microsoft.
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Altering Offers of Cooperative Compensation
2019-09-19T14:09:05-04:00September 19th, 2019|
Broker Conversations:Altering Offers of Cooperative Compensation Question: A buyer agent prepares and submits a Purchase Agreement for a client and enters under additional terms that the buyer agent firm will be compensated 2%. The compensation offered by the listing firm in MLS is 3%. Can they do that? Answer: No According to MLS rules, listing Brokers must specify the compensation being offered to cooperating MLS participants. These offers are unconditional, unilateral offers. The unilateral offer becomes an enforceable agreement between the brokers when a seller and a buyer execute a purchase contract, and the cooperating broker is the procuring cause of [...]
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Town Hall with Attorney Michael Lafayette
2019-09-16T09:50:10-04:00July 26th, 2019|
The CVR MLS Board of Directors recently approved three new CVR MLS transaction forms and revisions to the Residential and Unimproved Land Purchase Agreements, Buyer Brokerage Agreements and the Repair & First Right of Refusal Addendums. In these town hall meetings, CVR MLS Legal Counsel Michael Lafayette will review & explain the revisions and introduce the new forms. These meetings will also include a discussion of the 2019 legislative changes that impact real estate licensees and transactions. New and revised forms will be available in Instanet in October 2019. Town Hall meetings offer credit and are provided as a free member [...]
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Town Hall with Attorney Michael Lafayette
2018-05-11T16:28:25-04:00April 12th, 2018|
CVR MLS legal counsel will review agency law and explain legislative updates affecting REALTORS® such as: New VREB requirements on real estate teams Changes regarding broker protection of escrow funds Requirements for home/condominium owner associations Other current topics of interest Credit: BCE: 2 hrs Broker Management CE: 1 hr Agency and 1 hr Real Estate Related PLE: 2 hrs Current Industry Trends Instructor: Attorney Michael Lafayette Cost: Free Broker Town Halls Monday, May 21 | 1PM- 3PM Thursday, May 31| 1PM- 3PM Sales Agent Town Halls Monday, May 21 |10AM- 12PM Thursday, May 31| 10AM- 12PM Click on the links above [...]
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RE Stats New Dashboard Training
2017-11-16T10:55:02-05:00November 16th, 2017|
Broker RE Stats: Tuesday, December 5 | 9AM - 10AM Wednesday, December 6| 9AM - 10AM RE Stats: Tuesday, December 5 | 10:30AM - 11:30AM Tuesday, December 5 | 2PM - 3PM Wednesday, December 6 | 10:30AM - 11:30AM RE Stats will release a new program dashboard with powerful tools you can use to improve the effectiveness of your marketing materials, create in-depth market reports and track your performance ranking in your market area. Trainer Cris Rodriguez from RE Stats Inc. will be on site at RAR on December 5th and 6th offering free one-hour demo sessions of the new [...]
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Matrix OS/Browser Compatibility
2017-06-08T16:27:15-04:00June 8th, 2017|
Matrix Version 6.14 – 7.0.0 is compatible with the latest browser versions supported by mainstream operating systems. NOTE: Operating systems (OS) and browsers such as Windows XP, Windows Vista and Internet Explorer 8 and 9 (IE 8, IE 9) are no longer in mainstream support. All users who are using a previous version of these browsers will be presented with a warning at login to encourage upgrading. Issues related to supported that can’t be resolved by upgrading to the latest newer version will be reviewed and resolved on a priority and best-effort basis. CoreLogic will support upgrades to browsers as [...]
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Double Digit Home Sales Growth in Second Quarter
2016-07-20T09:12:13-04:00July 20th, 2016|
Central Virginia Regional MLS Report Shows Double Digit Home Sales Growth in Second Quarter Richmond, Va. – Home sales growth in the region was 10 percent higher in the second quarter this year than in the same period last year, according to a Central Virginia regional housing market report just released by the Central Virginia Regional Multiple Listing Service. The report cites regional job growth as a contributing factor. The region added 24,000 new jobs from May 2015 to May 2016—more than 3 times the annual job growth over the last 25 years. Annual job growth of 3.7 percent over the [...]
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