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Lockbox Policy Reminder

As of June 1, 2009, NNRMLS will begin enforcement of the new lockbox policy that requires a Supra iBox for member access to any listing in MLS that has a non-traditional lockbox on the property. The actual policy verbiage is as follows.

 

 3.10. MLS Lockbox System Box Required. If a Participant or Subscriber participates in the voluntary NNRMLS Lockbox system and if that Participant or Subscriber has placed any lockbox on a listing, NNRMLS requires that the current NNRMLS Lockbox also be placed on the listing. Effective June 1, 2009.

We have found that since our initial announcement of this policy in February 2009, most of our members have taken steps to come into compliance. NNRMLS has been working with your association to ensure that the inventory is available to satisfy member needs. If you need to purchase additional lockboxes, don't wait; give your association a call now.
If you have any questions regarding this policy, feel free to contact Shelley at 823-8838 or shelley@nnrmls.com.


Fannie Mae Loan Lookup (updated 6/2/09)
Do you need to know whether your client has a Fannie Mae loan? With your seller's permission, you may go to http://loanlookup.fanniemae.com/loanlookup/ to see if Fannie Mae owns the first mortgage on the property. Very soon, there will be a field added that will allow you to mark the property "Fannie Mae First: Yes or No" in the MLS. This will allow buyer's agents to identify those Short Sale listings backed by Fannie Mae.


Our MLS has been invited to participate in a short survey by WAV Group Inc, an independent real estate research and consulting firm. The survey explores the value and use of transaction management tools by real estate brokers and agents. Your input will help our MLS better understand how we can serve your technology needs. All responses are totally confidential.
Thank you in advance for your participation.
To complete the survey click on the following link: http://vovici.com/wsb.dll/s/12fe0g3c926


Check out these other great services from NNRMLS

NNRMLS has a library of information regarding the NNRMLS Products and services. Training Documents, Online Training Videos are available 24/7. Or sign up to take one of our many online or hands-on training classes. Click Here to visit Northern Nevada Regional MLSU.

Have you heard of MLStimate™? MLStimate™ is a home valuation tool offered as a member service of NNRMLS. If you are interested in having the MLStimate™ on your website, fill out the broker authorization form available in the MLS Docs section of Paragon.
Click Here to see a preview of the MLStimate™

 

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