MLS of Greater Cincinnati, Inc. (Subsidiary of the Cincinnati Area Board for Realtors

®)

14 Knollcrest Drive, Cincinnati, Ohio 45237

Phone: (513) 761-8833 FAX: (513) 761-8860 E-mail: Mail@CincyMLS.com

Kelly Meyer - Chair Gary Hagan Susan Rissover Guy Wesslekamper, Director Liaison

Tom Johansing – Vice Chair John Jardine Jan Bryan Sharp Joe Mock, President

Kellie Barter Eleanor Kowalchik Pamela Smith Patti Stehlin, Vice President

Tim Chupka Jason Kunkel John Stadler Jim Abele, CEO

Theresa Filimonov Andrew Lohmiller Larry Trame Sharon Chard, MLS Manager

DaVan Gassett Lisa McCarthy Chris Wood

MLS Users Committee Agenda

Thursday, May 7, 2015

9:00am - 11:00 am

9:00 1. Review and approve the minutes from the previous meeting.

9:05 2. Review the Monthly Update.

9:10 3. Review and Consider Requests

a) Increase the number of allowable exports from 200 to 500.

b) Provide the ability to select up to 2 Architecture selections when entering and searching listings.

c) Create an “Include 0 sqft” checkbox next to SqFt field to catch properties that have no square

footage listed.

d) Relocate/Enhance the Unit Number in the MLS Detail display.

10:00 4. Discuss the BDX-NHS Pro Demo and determine if this is a value-add service to consider.

10:15 5. Review Energy Efficient/Green Features Checklist for approval and update on Input Sheet.

10:25 6. Provide an overview of Rapattoni’s new Listing Syndication Manager.

10:45 7. President Joe Mock – Evaluate and provide a recommendation for HomeSnap Mobile App.

10:55 8. New Business.

11:00 9. Adjourn

*Next Meetings: July 9, Sept 3, Nov 5

Member Requests for May 7, 2015 Meeting.

1. Increase the number of allowable exports from 200 to 500.

2. He ability to select up to 2 Architecture selections when searching.

3. Create an “Include 0 sqft” checkbox next to SqFt field to catch properties that have no square footage

listed.

4. Relocate/Enhance the Unit Number in the MLS Detail display.

1. The more data you can put in a regression analysis, generally the more accurate the

analysis. When you try to use regression to analyze differences in property you need several

examples of each of those differences you are regressing for. The more examples you have the

more accurate the analysis.

The beauty of regression analysis is the use of older sales. Regression can account for changes in

market conditions allowing appraisers to use more similar properties even if they were over a year

ago. Fannie Mae, and their lenders who sell to them, are beginning to loosen the requirements

around the use of older sales. An appraiser can use an older sale, and if supported through

regression analysis, make a valid market change adjustment. Many times this will support more

recent contract prices. It is a real win for the agent community.

I understand the reservation about data harvesting. Limiting the number to 200 is a reasonable

requirement. Many times I will simply run 2 different exports and append the data. This is

somewhat time-consuming and mistakes are easy. If you do not check the correct set of records

the 2nd time around, sometimes you can miss records or create duplicate entries. Bob at the MLS

office can explain the process of multiple downloads and demonstrated for you.

That being said, if we could increase the import limit to 500 records it would be more than

sufficient 95% of the time. This would still be a throttle on potential data harvesting. I also

envision this regression analysis used by real estate agents for their CMA's. I would be glad to

provide some training at the agent level on how to do this.

2. For categorizing a house by architecture, I propose that up to two types can be checked. For

example, you can have a contemporary ranch, or a contemporary tri-level. These classifications

are not mutually exclusive, leading to confusion if someone is searching for a contemporary

home, but the agent classified it as a ranch (which it technically is). Also, some of the categories

(like Saltbox) could more appropriately be classified as Traditional or Historic. In my opinion,

this whole category could use cleaning up/fine tuning. Happy to help come up with a more

eloquent proposal for the group if that would help.

3. It would be a great help if the search criteria for Building Sq Ft (Realist) (on page 1) could be

modified to include a checkbox for:

Include 0 Sq Ft

Since Realist is not providing a consistent data feed for building square feet, this would help us

see if there are properties that appear with 0 sq. ft. that may be within the GLA range (after we

look it up in auditor's records) using our other search criteria (distance, age, sale price,

etc.). Right now, the search has to be run twice to catch the 0 sq. ft. properties.

4. Is there a way to make the unit number of a condo more prominent? It is SO hard to find on the

mls listing detail.

could it be in the top banner where the address is?

as in 1234 Main Street, Unit 5, Cincinnati, OH 45201

or somewhere else more prominent?

It is nearly impossible to find the numbers when looking at a lot of condos, because you have to

keep scrolling down!

Help your members earn more buyer commissions with comprehensive community, home and promotion information from builders.

What is New Home Source Professional?

• NewHomeSourceProfessional.com is the largest collection of new home data available anywhere and is designed to help agents generate more commission from new home sales.

• New Home Source Professional is a product of Builders Digital Experience (BDX), which operates in a joint venture with Move, Inc.

How do MLSs work with New Home Source Professional?

• This is a free service. • New Home Source Professional will develop a private-label site with comprehensive new home

data and tools for builder inventory in the market. • As the MLS, you link to the site from within your portal or MLS interface. • Member agents are automatically logged in using Single Sign-On (SSO) and can research all new

home communities, inventory, plans, promotions, builder policies, commission info and more. • Buyer information is never sent to a builder.

Why is this important?

• 54% of buyers may consider new construction homes. • Only 50% of new home inventory is typically listed in the MLS and MLS software isn’t built to

handle new home community and plan information. This is a source of frustration for agents. • New home sales are expected to increase 62% in the next year. • New home prices exceed resale prices by an average of 41%. • The result is lost commission opportunity. Only 63% of new homes are sold by an agent.

Who benefits from the partnership?

• Agents (and their buyers): • Members get easy access to the most comprehensive searchable database of new home

communities, inventory, plans, promotions, events and more. • Members better serve buyers, establish relationships with builders and generate more

commission. • Your MLS:

• Solidify your position as the leading resource for agents in the market. • Help your members generate more revenue without increasing fees. • Increase home builder membership and agent cooperation. • Get data, simple integration, new home training & support, at no cost.

• Builders: • New home builders reach more agents in the market and can help close sales.

Who is already working with New Home Source Professional?

• The list is growing and includes (but is not limited to) CRMLS, ARMLS, JTHS MLS, NEFMLS, MLSListings, Sandicor, GLVAR, ABOR, MRIS, RMLS, EBRDI, CCAR, BAREIS, TAR/MLS and MRED.

To learn more, contact Jason Gindele at jgindele@thebdx.com or 512-651-8841.

Executive Summary

ENERGY/GREEN FEATURES CHECKLIST This checklist is for informational purposes only and was designed to assist homebuyers or renters to find housing containing features suited to their particular needs. The owner does not warrant or guarantee the reliability of any of the features listed herein and therefore the purchaser or renter should always do their own inspection before relying upon any information contained in this checklist.

Property Address: ________________________________________________________________________________________________________

Energy / Green Certifications

HERS Index (RESNET) Yes / No Date Certified: Score:

ENERGY STAR for Homes (U.S. EPA) Yes / No Date Certified: Version:

LEED for Homes (USGBC) Yes / No Date Certified: Version:

Home Energy Score (U.S. DOE) Yes / No Date Certified: Score:

Other: ______________________________ (National Green Building Standard, Passive House, Living Building Challenge, Etc.)

Yes / No Date Certified:

Energy Efficient Features

Insulation ☐ Attic Material/Install: __________________________________ R-Value: ______________

☐ Walls Material/Install: __________________________________ R-Value: ______________

☐ Basement Material/Install: __________________________________ R-Value: ______________

☐ Crawl Space Material/Install: __________________________________ R-Value: ______________

☐ Slab (Edge/Under) Material/Install: __________________________________ R-Value: ______________

Envelope Tightness Blower door test results: __________________ Units: ☐CFM25 ☐CFM50 ☐ACH50 ☐Natural ACH

Windows ☐ ENERGY STAR ☐ Tinted ☐ Argon Filled ☐ Triple Pane

☐ Low E ☐ Double Pane ☐ Storm (historical?) ☐ Solar Shades

Appliances (ENERGY STAR)

☐ Dishwasher ☐ Refrigerator ☐ Washing Machine ☐ Other:______________

Water Heating ☐ Conventional Tank Energy Factor: ____________ Size: _____________

☐ Tankless Energy Factor: ____________

☐ Heat Pump Energy Factor: ____________ Size: _____________

☐ Solar Thermal Solar Energy Factor: _______ Size: _____________

Heating and Cooling ☐ Furnace Efficiency Factor: __________

☐ AC SEER: _________

☐ Heat Pump (Air Source) HSPF: _________ COP: __________ EER: _________ SEER: _________

☐ Heat Pump (Ground

Source / Geothermal) HSPF: _________ COP: __________ EER: _________ SEER: _________

☐ Ductless (Mini-Split, PTAC) HSPF: _________ COP: __________ EER: _________ SEER: _________

☐ Programmable Thermostat ☐ Radiant Floor Heat ☐ Dual Fuel Heat Pump ☐ Integrated Space/Water

Indoor Air Quality ☐ EPA Indoor Air Plus ☐ Air Cycler ☐ Radon System ☐ Low-VOC Paints

☐Energy/Heat Recovery

Ventilator ☐ Automatically Controlled Exhaust Fans ☐ Green Label Plus Carpet

Solar Photovoltaic (PV) Array Size: ______________ Age of Panels: ____________ Energy production(Watts): ___________________

Water Efficient Features

Indoor Water ☐ Low Flow / WaterSense

Showerheads ☐Low Flow / WaterSense Lavatory Faucets ☐Low Flow / WaterSense Toilets

☐Dual Flush Toilets ☐ On Demand Circulation Pump System ☐WaterSense New Home Specification

Outdoor Water ☐ Rainwater

Catchment

☐ Drought Tolerant /

Native Landscaping

☐ Permeable

Hardscapes

☐ Programmable

Irrigation System

☐ ENERGY STAR

Pool Pump

Notes/Other

________________________________________________ _______________________________________________

Owners Signature Date Owners Signature Date

We have made more exciting changes and are pleased to announce that the following enhancements and new options are tentatively scheduled for deployment on Wednesday night, 5/06/2015. For the new Listing Syndication Manager feature, we understand that it may take some time to have syndication profiles set up and agreements finalized with third-party services before it can be fully utilized by your members. In order for you to control the timing of this new feature’s announcement, we have included an optional broadcast notice image and code toward the bottom of this document for you to post at your convenience.

Manage Office Listing Syndication

Office staff with ‘Office Modify’ access rights may access the new Manage Office Listing Syndication interface where they can change their office’s opt-in/opt-out settings for individual syndication services based on the rules set up by MLS staff.

View Office Listing Syndication A new “View Office Listing Syndication” link under ‘Listings’ on the menu bar allows you to quickly review the syndication profiles and options that have been set up for your office, including a description for each syndication service and whether your listings are being included in the feed. Note that the “View Office Listing Syndication” link is only available if one or more syndication profiles have been set up for your office. Please contact your broker or office manager if you have questions on your office’s syndication settings.

Staff Only

Listing Syndication Manager MLS staff with ‘System Administrator’ access rights may now set up and manage various syndication profiles and options for third-party services such as Zillow and Trulia. This great new feature allows staff members to set up syndication profiles much more efficiently and tailor them to the needs of the agreement for each individual service. Plus, you can run reports for selected syndication profiles showing opt-in status, office info, and end-user license agreement (EULA) acceptance info for all offices. Please click here to view a short video introduction to this great new feature!

Please click here to view a short video introduction to this great new feature!