Until now, when entering a “Comp Sale” listing of any type, only the “Closed Price” was reported in the listing.
Starting Tuesday, Aug. 23, when a “Firm Exclusive Comp Sale” listing is entered, both a List Price and a Closed Price will be required. Firm Exclusive listings require a listing agreement be signed, and have an agreed upon list price, so this value can be reported in the MLS.
The other two types of Comp Sales, “New Construction Listing Agent Comp Sale” and “Selling Agent Comp Sale” will still require that only the Closed Price be reported, and this value will automatically be displayed for the List Price as well.
For more information, see our Knowledge Base article on Comp Sales.