CRMLS has launched a new Concessions in Price (CiP) field that users will have the option to fill out during the listing input process. This field allows Listing Agents to market their clients’ willingness to consider concessions.
The new field benefits all parties:
- Listing Agents and Sellers
will gain a dedicated space to advertise/market their willingness to consider concessions at the listing input level. - Buyer’s Agents
will be able to better serve their clients with up-front information about which listings have sellers who will consider concessions to assist in transaction fees. - Homebuyers
will have more transparency about which listings have sellers who are willing to consider concessions to assist with the Homebuyers’ financial needs.
The new field is titled:
- Seller Consider Concessions? Y/N (MATRIX AND FLEXMLS)
- If “Y” a text box will appear with the following auto-populated copy: A Seller may consider a buyer concession if made in an offer.
- Seller Consider Concessions? Y/N (PARAGON)
- If “Y” the following will appear when hovering your cursor over the help (?) icon: A Seller may consider a buyer concession if made in an offer.
The new field in your system will appear here:
Flexmls
Concession field is in the Main Fields tab.
Matrix
The Concession field is in the Basics tab.
Paragon
The Concession field is in the Listing Facts section.
Additional CiP Resource
The Facts on Concessions Infographic
