Starting May 29, users will have access to the optional Concessions in Price (CiP) fields when creating a listing.
The facts:
With such a large amount of our user base actively offering concessions, we saw an opportunity to create a specific set of dedicated fields for the benefit of our users and their clients. These new CiP fields will allow agents to convey their willingness to offer concessions at the listing level, thus allowing for clearer communication and cooperation between agents and brokers.
The new fields benefit all parties:
What's changing?
Currently, concessions are recorded only at the close of a transaction with a mandatory requirement to state the amount of any concession. The new, more descriptive CiP fields will be available for input at the listing level.
To be clear, the new CiP fields will be optional and only reflect a client's willingness to consider concessions. Details regarding the concessions that may be offered must be discussed outside of the MLS and after a written agreement is signed.
The new fields will be titled:
As of May 29, the new fields in your Matrix system will appear here:
Additional CiP Resources
FAQs
The Facts About Concessions Infographic
Concessions in Price Infographic