As of November 2006, many changes were made to the NTREIS (North Texas Real Estate Information System). I'm only mentioning this now because the changes don't actually go into effect for another couple of weeks, March 1, 2007. Some of the changes were good ones, while others weren't. Here are a couple of examples:
One of the good changes is that when the status of a listing changes, the agents now have only 3 days to update the MLS. The previous rule was 5 days. You would think 5 days was enough time to change the status, but there are so many times when I would show a listing and the status actually wasn't active. Hopefully, 3 days will get people moving faster or they'll be fined!
One of the bad changes is the way Virtual Tours can be uploaded into the MLS. Currently, most virtual tours are branded with the agents' name, email, contact, company, and other information. This is so when the average buyer is looking for houses on the internet, they have more information about the listing agent and we'll receive a call.
However, as of March 1, 2007, all virtual tours much be unbranded!! WHAT??!! This is ridiculous!! The point of the virtual tour is to also advertise and market my services so others know that I can do the same for their house, in essence, increasing my business as well as getting the house sold by presenting it in a better way.
I can't believe they're taking away our ability to brand ourselves. Does anyone else have this rule in their MLS?