LISTING TIPS

The 3-page standard listing agreement and one-page brokerage agreement addendum:

1. 1. Make sure they are signed by all parties with a deeded interest. If it is an estate sale, it can be signed by the executor IF he is qualified and has the authority to sell real estate. If not, the heirs in the will should sign. REIN does not allow listings to be input without all required signatures.
2. In the “brokerage fee” paragraph, the first blank is for the TOTAL commission, and the second blank is for the buyer’s agent commission.
   

Data Input Form & Feature Sheet

1. All fields marked by a "*" or "+" must be filled in. The others are optional. For the codes you need in order to fill in "+" fields, consult the property data input tables.
2. PIN field: This is the city "parcel ID number" found at the top of the city records printout. If you are listing a new construction and there is no PIN number assigned, enter 99999.
3. RM field: mark "n".
4. Area & Division fields: consult www.reinmls.com to find this information. These are 2 or 3 digit numbers indicating areas and subdivisions.
   Enter the subdivision name in the NAM field. Enter the corresponding 3-digit code in the DIV field (if the subdivision list shows a 2-digit number, just add a zero for the first number). The subdivision name and number must come from the REIN subdivision list. In the NBNAME field, enter either the subdivision name again or any other name the neighborhood may be known by.
5. AICUZC & AICUZN. Crash and noise zones. These can be found on the maps on the walls in the office.
6. If you want to put square footage in the listing, you must indicate in the remarks the source of that information (e.g. city records, appraisal) if you did not measure it yourself.
7. Public Remarks: Never put any type of identifying information here (e.g. your name or number or Wainwright's name or numbers). This field is only for a description of the property.
8. SBC and BAC: put the commission being offered to the selling firm in each of these fields (each should say the same thing, e.g 3%). BBC: mark "y". SUBAGT: mark "y". SCA: mark "y" if you have agreed with the seller that the commission will be different if you sell the property yourself. Otherwise mark "n".
9. Make sure to fill in all required (*) fields on the feature sheet. Circle the letters corresponding to each entry.
10. Make sure both the feature sheet and data input sheet are signed and dated by the seller(s).
    

Additional Tips:

1. Always do a Consumer Disclosure with the listing. You do NOT need to do an Agency Disclosure.
2. If the listing is a resale of residential property, you must have the seller fill out and attach a property disclosure. Additionally, a lead paint disclosure must be filled out and attached if the property was constructed prior to 1978, and an AICUZ disclosure if the property is in Norfolk, Va. Beach, Chesapeake, or Hampton.
3. Make sure you hand the listing in to the office for input no more than 2 days after the start date of the listing. REIN may fine you $500 if you wait longer!
   

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