June 21, 2022

Today my message is about Rental Listing Compensation. For those REALTORS who may not be aware, rental listings on our MLS must include an offer of compensation. There are three fields where you can enter the compensation, and at least one of them needs to be filled in with a number other than zero.

There is a short webinar recording on this subject that you can access here that gives examples of rental listings and various offers of compensation. Note that the name of the fields may vary depending on the MLS system you are using to enter the information. Additional information can also be found on the onekeymlsny.com Help Center Video page where you can view a previously recorded video message I delivered on this subject as well.

If you are unsure about how to handle your rental listings or how to enter the compensation, please discuss this with your Broker.

Thanks for your time and wishing all of you a happy and safe summer!

New York Regional Residential Sales Transactions Increase by 11.3% in May 2022

OneKey® MLS is the one source real estate marketplace for monthly statistics for residential real estate transactions from Montauk to Manhattan, north through the Hudson Valley and the Catskill Mountains. For May 2022, OneKey MLS reported a regional closed median sale price of $605,000, representing a 4.30% increase over the reported $580,000 in April 2022. Between April and May 2022, closed regional sales transactions, including residential, condo, and co-op sales, increased to 5,173 from 4,647, representing an 11.3% month-over-month change.

Seven of nine counties reported an increased closed median sale price while two of nine counties reported a decrease. Rockland (15.90%), Orange (8.30%), Putnam (7.60%), Bronx (5.20%), Queens (3.90%), Suffolk (2.80%), and Nassau (2.50%) had month-over-month increases in closed median sale price. Westchester (-1.9%) and Sullivan (-21.00%) reported month-over-month decreases in closed median sale price. For further detailed statistical information about residential, condo, and co-op sales transactions, please visit https://www.onekeymlsny.com/market-statistics/

SentriLock FAQ’s

Q: When is my SentriLock annual subscription payment due?

A: Lockbox subscription renewal invoices were emailed to all current SentriLock subscribers earlier this month. To avoid service interruption you must pay by June 30, 2022.

Q: Why would my SentriLock account show that it is terminated?

A: SentriLock is now available through an optional subscription. If you haven’t subscribed to the service and are interested in doing so, please email lockboxshop@onekeymls.com or contact your local support team.

Q. Who do I contact if I have an issue with my lockbox service? A. SentriLock Support is available 7 days a week. Please call 513-618-5800, or email support@sentrilock.com for assistance.