1. Auction Listings on the MLS NAR Mid-Year Meetings May, 2008

2. You start calculating the distance to the plane door and wonder…
You are a South African bush pilot working for Blue Sky Aviation. You fly in some critical medical supplies, then enjoy a quick lunch at the hospital.  It’s a stifling 100 degrees in the shade and you’re eager to get back up to the cool, high blue yonder. On the way back to your plane, you discover that the only bit of shade within 1 mile has become very popular…
You start calculating the distance to the plane door and wonder…

3. “Do I feel lucky today?”

4. MLS PIN REALTOR® Broker Owned MLS Database of property information
Coverage
Approx 30,000 users
Over 6500 offices
60,000 + active listings

5. Coverage

6. Who uses MLS PIN Brokers/Salespeople Appraisers
How access is defined & who owns listings…

7. Individual Participant
MLS Access
MLS PIN
ABC Realty
Participant Firm
Broker/Owner
Individual Participant
Agent
Agent
Agent

8. Individual Participant
MLS Access - Auctions
MLS PIN
ABC Realty
Participant Firm
Auctioneer
Broker/Owner
Individual Participant
Agent
Agent
Agent

9. Auctions Defined Auction Listing Exclusive Right to Sell at Auction
Signed by Owner.
Non‑distressed property
Currently may not be a bankruptcy sale, a foreclosure sale or any other sale that is ordered or compelled either by a court or by any other third party that is not the title holder of the property.
Task Force met last week to determine expanding to allow for additional types of auctions.

10. Rules & Regulations Unconditional
Auction Listings subject to Rules
Photos
24 hour changes
Etc…
Cooperation & Compensation
Unconditional
“Bottom Line” percentage, flat dollar amount

11. How to Subscribe Must have brokers or sales license
Must be licensed auctioneer in Commonwealth of MA
Must be a Participant in MLS PIN

12. How Does it Work? - Input Who can input? Types Other fields
Tied into licensure
Types
Minimum Bid
Absolute
Other fields
Seller’s Confirmation (yes/no)
Preview Date & Time
Deposit Required
Abbreviated Terms
Buyer’s Premium (yes/no) __%

13. Adding an Auction Listing
Specify the proper Listing Agreement Type

14. Adding an Auction Listing, cont’d
Include Auction-specific information

15. Searching for Auctions
Include the Listing Agreement Type as criteria

16. Auction Search Results

19. Auction Listing Example