"My Favorite Searches" is a quick way to access custom saved searches in the MLS.  Unlike the Market Watch and Hot Sheets tools, this widget doesn't track changes, it is running a full listing search and shows all matching results.  To create a "Favorite Search", first run the search you want to save.  When viewing the Results of this search, click the "Save" menu at the bottom left of the screen.  Favorite searches can be created either from "Saved Searches" or "Auto-Emails".  When setting up a search, all you need to do is click the “Enable as a Favorite Search on Home Tab” checkbox on the search "Settings" page. It will then be placed as a link in the widget.  Up to 15 searches can be added as favorites.

If you need to make changes to a search, or remove it from the "My Favorite Searches" widget, click the "Manage" button to the right of the search name.  A new page will open with a toolbar of options displayed beneath the search name.