Earlier this month, MRIS notified its members of the policies regarding the listing of short sales in MRIS. The policy was created with input from real estate agents, NAR, Realtor Shareholder Associations, the MRIS Board of Directors and the MRIS Compliance Committee. The goal was to produce a policy that addresses issues on the seller and buyer sides of the transactions. The MRIS Short Sale policy may be found at www.mris.com/compliance/.
As MRIS has receives comments from its subscribers, the Short Sale FAQ’s are updated to address these concerns. The Short Sale FAQ may be found at http://www.mris.comfaq.cfm.
Shortly, MRIS will be adding fields in Keystone and Matrix to make it easier to disclose information on potential short sales and to make it easier for agents to search for potential short sale information. MRIS will advise you of these changes as soon as they are available.
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