Entering a Sold Comp

Entering a Sold Comp

When a sale involves both a member and a non-member licensee, the member may only report him/herself for one side of the transaction. When reporting a closed transaction where the selling agent was a nonmember licensee, the listing agent must report the sale under the non-BLC office and the selling agent as the non-member licensee. When reporting a closed transaction where the listing agent was not a member of the BLC, for example with a new construction property in which the builder was the seller and the buyer was represented by a REALTOR: 

1. Enter the listing within 30 days of the Closed date.

2. Enter yourself as the List Agent.

3. Select "One Party" as the listing type instead of the typical "Exclusive Right to Sell."

4. The List date, Pend date, and Available for Show date are all the date of the Purchase Agreement.

5. The closing date will be the date on the settlement.


Once the listing has been updated to SOLD, it will automatically update to Non-BLC ®  List Agent, as long as "One Party" was selected for the Listing Type.


When entering a new listing as a Sold Comp:

1. Select Property Type, Property Sub Type, and Sale/Lease Status.

2. For Type of Listing, choose Sold - Comparable Sale. This will prompt the system to take the listing straight from Draft status to Sold.


 
3. Populate the information as required. Upon saving, you will be able to view the Sold status of the listing.



4. Complete the "Change Sales Data" form to log the closing information

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