Beginning Tuesday, March 25, several field names in the Columbus & Central Ohio Regional MLS will change.
This RESO Compliance update will include significant changes to Sub-Type, Parking, Style, and Exterior Amenities fields. See details at bottom.
What does this mean for you?
Q: Let’s start from the top…What does it mean to be RESO Compliant?
A: RESO is the Real Estate Standards Organization. Its goal is to create a uniform way to exchange real estate data across the industry.
Q: What do you mean by “uniform data across the industry?”
A: There are hundreds of MLSs out there, and many of them use different terms. For example, a patio in one part of the country might be called a lanai in another. Consistent data fields allow consumers to compare properties across different platforms easily.
Q: Why is it important to do this now?
A: Over the past year, the Columbus & Central Ohio Regional MLS Board of Directors has prioritized RESO compliance. The changes we implement on March 25 will ensure we achieve RESO 2.0 compliance, aligning us with most other peer MLSs and industry partners.
Q: How will this impact my brokerage and my agents?
A: In the short term, you will need to familiarize yourself with the new changes and terminology. As with any changes, there will be a learning curve. In the long run, this will streamline the transaction process, benefiting brokers, agents, and consumers.
We ranked our top four changes below.
SUB-TYPE field:
Single Family and Condo, Freestanding/Shared Wall, and Build-to-Suit will be split into multiple fields:
New Field – Common Walls
New Field – Property Condition
EXAMPLES:
Single Family Freestanding will now be Property Sub Type = “Single Family” and Common Walls = “No Common Walls”
Condo Shared Wall will now be Property Sub Type = “Condominium” and
Common Walls = “1 Common Wall” (this can be changed to “2 Common Walls” if needed)
Built to Suit Single Family will now be Property Sub Type = “Single Family Residence” and Property Condition = “To Be Built” split into multiple fields.
PARKING TYPE field:
Name Changed to Parking Features
All Off Street and Carport items moved to separate fields
New field OFF STREET PARKING SPACES with numeric values
New field CARPORT SPACES with numeric values
EXAMPLE: 1 Carport will now be field “Carport Spaces” = 1
STYLE field:
Split into 2 fields
New field LEVELS including: 1, 2, 2.5, Bi-level, etc.
New field ARCHITECTURAL STYLE including the following: Split level
EXAMPLE: Current “Style” = Split – 5 Level\+ will now be “Architectural Style” = Split Level, “Levels” = Five Or More (5 Level Split)
EXTERIOR AMENITIES field:
Split into Multiple fields
New fields: Exterior Features, Other Structures, Patio and Porch Features, Fencing, Pool Features
EXAMPLES:
Additional Building and Storage Shed moved to “Other Structures”
Deck, Patio, Screened Porch moved to “Patio and Porch Features”
The latest revisions of the MLS Policy Violation Manual and MLS Rules and Regulations are available for download on the Forms page of the member portal.
To access the new MLS Policy Violation Manual through Member Portal:
Login to member portal at portal.columbusrealtors.com
Click Forms button
Scroll down & click MLS Reference Materials
Click MLS Policy Violation Manual to open/save PDF
We have received several reports that Realist may not be autopopulating the correct SqFt Documented in MLS. This has been reported to Realist and they are evaluating.
Until this is resolved, it is recommended that you verify the correct SqFt on the Auditor website for your listings. Make sure all parties involved, especially appraisers, are verifying the SqFt for all properties.
Realist Downtime: System Maintenance – Saturday, December 7, 8pm to 7am
CoreLogic will be conducting maintenance on systems that affect Realist® and public record data this weekend on Saturday,December 7, 2024 between 8:00 pm – 7:00 am Sunday, December 8,2024. The Realist application and autopop public record integration will be unavailable for the majority of this maintenance window. A Realist maintenance splash page will display while Realist is unavailable.
FlōPlan Users: FlōPlan No Longer Available After December 2024
If you are a FloPlan System customer, FBS is discontinuing the FloPlan service at the end of 2024.
Only FBS’ FloPlan customers who utilized FloPlan to create floor plans, not all Flexmls users are, are affected.
Please note the following timeline and adjust for your own listing workflow:
December 11th: Last day to perform and submit a new property for processing. December 18th: Last day to request fixes on existing floor plans. December 31st: Pending requests will no longer be processed or updated. January 30th: The final day to download and save your floor plans. January 31st: The app will be closed, no further access.
If you created existing floor plans with the FloPlan app and are ready to download your floor plans to keep, click on the link below for a handy guide OR simply login to the floplan.io website, and download each floor plan you would like to keep.
House Bill 466 Goes into Effect Thursday, October 24, 2024
HB 466 includes several changes to license law regarding Agency Agreements:
Buyer agreements are now required
Agency Agreement (listing contract) is required prior to “marketing or showing” a seller’s residential property
HB 466 will require additional changes to MLS policy including modification or removal of 1.02.17 Failure to Display “No Listing Contract” because of the new requirement for Listing Agreement prior to marketing.
Summary Video available from Daphne Hawk, Superintendent of Real Estate and Professional Licensing: REPL – Sept 2024 License Lowdown” – Watch Video
A new field has been added to the Residential add/edit screen.
Summary of the new “Existing Accessory Dwelling Unit”field:
Yes/No field
Required entry
Residential Only
The following Fannie Mae description of ADU appears ON SCREEN beside the field:
An ADU, commonly referred to as an accessory apartment or in-law suite, is a smaller additional living space on the same lot as a single-family home. It must include space for living, sleeping, cooking, and bathrooms independent of the primary residence. While the ADU may or may not include access to the primary residence, it must be accessible without going through the primary residence and there must be some expectation of privacy from the home.
Important note: This field only indicates whether an ADU exists. Municipal and township restrictions should still be verified. (Fannie Mae)
CCOR MLS hereby provides notice under Section 13.7 of the PDL that the following two sections are added to the PDL effective on August 17, 2024:
Inserted immediately after Section 2.4: 2.5 License to Use Compensation Fields Terminated. If Brokerage, Sales Licensee, or Vendor has received MLS Data from CCOR MLS including offers of compensation from Participants other than Brokerage (“Other Participants’ Offers”), the following consequences are effective on August 17, 2024. (“Settlement Implementation Date”): (a) The license of Brokerage, Sales Licensee, or Vendor to use Other Participants’ Offers terminates; (b) Other Participants’ Offers are no longer considered part of the Licensed Data; (c) Other Participants’ Offers are Confidential Information and not subject to the exception in Section 1.4(a); (d) any use or display of Other Participants’ Offers is not a Permitted Use; and (e) Brokerage, Sales Licensee, or Vendor must delete Other Participants’ Offers from all copies of any MLS Data or Licensed Data in their possession. Brokerage may retain and make use of offers of compensation that Brokerage has made or makes after the Settlement Implementation Date; such data are not deemed Licensed Data and are not bound by the terms of this Agreement except for this Section 2.5 and Section 4.9.
Inserted immediately after Section 4.8: 4.9 Limitation on Offers of Compensation Using Licensed Data. Under a national settlement of private antitrust claims negotiated by the National Association of REALTORS® (“NAR”) in the court cases Burnett v. NAR (Western District of Missouri) and Moehrl v. NAR (Northern District of Illinois) in 2024, CCOR MLS may not allow any Participant, including Brokerage, to “create, facilitate, or support any non-MLS mechanism (including by providing listing information to an internet aggregators’ website for such purpose) for listing brokers or sellers to make offers of compensation to buyer brokers or other buyer representatives (either directly or through buyers).” Authorized Users may take no action in violation of this provision. Authorized Users may, however, display Licensed Data and offers of compensation to buyer brokers or other buyer representatives only on those portions of the MLS Data that relate only to data and listings submitted, contributed, or input by Brokerage and its Subscribers. Your continued use of Licensed Data or the Data Interface under the PDL on or after August 17, 2024, is your consent to, and serves as consideration for, these amended terms.
