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  More MLS For Your Money    JUNE 2009 VOL. 1    

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eNeighborhood’s “Mercado” Connects Your Listings, CMAs & Marketing!
eNeighborhood’s “Mercado” Connects Your Listings, CMAs & Marketing!

eNeighborhoods has developed a new system that brings together MLS Alliance listings, the enCMA program and the ability to make marketing flyers in a new program called Mercado.

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Industry News 6/24/09
Industry News 6/24/09
A report by the Federal Housing Finance Agency shows foreclosure starts among the 30.4 million first-lien residential mortgages owned or guaranteed by Fannie Mae and Freddie Mac – most of them prime loans – jumped 63 percent during the first three months of the year.
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Have You Heard?
Have You Heard?

MRMLS implemented the new CARETS Data Integrity Standards on June 15th.   All participants of CARETS must abide by these rules and standards including YOU.  Click here to review these standards.

Below are just some of the important regulations that you may want to know about:
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Industry News 6/17/09
Industry News 6/17/09
Some industry analysts, including U.S. bank regulator, John Dugan, believe that reverse mortgages could be the next subprime mortgage product to gain traction.  Dugan says that while reverse mortgages can be beneficial, they also share some of the characteristics of the riskiest types of subprime mortgages.  Although the majority of reverse mortgages is insured by the Federal Housing Administration and poses limited credit risk, a different class of reverse mortgages is becoming popular—"proprietary” products—which offer less consumer protection. 
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CARETS Data Integrity Standards End User License Agreement
CARETS Data Integrity Standards End User License Agreement

On June 15th, upon logging into MRMLS Matrix you will be required to accept the CARETS Data Integrity Standards End User License Agreement.   After you accept these terms you will have access into the Matrix system.

 

The 27 Local Association and Board of REALTORS® with Five MLSs (CLAW, CRISNET, iTech, SoCal MLS and MRMLS) collaborated to create  a Uniform Set of Rules and Standards for all MLS Members to abide by. 

 

To preview the CARETS Data Integrity Standards, click here.
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One Set of Rules, One Set of Policies, FIVE MLSs powered by CARETS
One Set of Rules, One Set of Policies, FIVE MLSs powered by CARETS

In April 2006, California Real Estate Technology Services (CARETS) began development of an aggregated database of Southern California listings.  The CARETS vision was to create a standardized data definition for listings, ONE set of MLS Rules and Regulations, ONE set of Data Integrity Standards, ONE set enforcement rules, and more.  MLSs such as CLAW, CrisNet, iTech, SoCal MLS and MRMLS collaboratively traveled this long journey to share this common vision for your benefit.

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MRMLS Matrix System Maintenance Scheduled for June 9, 2009

MRMLS Matrix will be temporarily offline Tuesday night, June 9th from 7:00pm to June 10th at 7:00am for system maintenance.  MRMLS Matrix will initially remove the capability to Add or Edit listings at 7pm.  At 10pm all Matrix systems will be offline until Wednesday morning at 7:00am.

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More Photos! More Images! More Exposure!
More Photos! More Images! More Exposure!

A picture is worth a thousand words.  Make your listing worth 25,000!  You now have the ability to showcase your listing with 25 photos!

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