exactly. lockbox codes must be put in the "agent only comments" field of the listing, which is not visible in a client printout. MLS members are required to distribute ONLY the client printouts to clients.
for REO brokers, electronic lockboxes are usually an unnecessary expense.
Yes, but how many agents do NOT print the customer version of the MLS report but the agent report with the combination? I thinks its irresponsible of any agent or broker to include the combo in MLS regardless of a vacant REO or an individual owner in a private treaty offering...just my 2 cent opinion.
Our local board sells (leases actually if you read the agreement) the supra GE boxes at about $100 a pop but decided I would put the MLS boxes on all my REO listings for several reasons:
1) I know who and how many showed the asset at the time the agent/broker popped the lock.
2) I can get the number of showings (ifthe box was used) on the screen for those pesky MMRs now going to bi-monthly in frequency.
3) I can ususally track down by elimination of calling the showing agants/brokers the approx time and day a detrimental incident occured or had not occured...such as who might have turned the thermostat on the AC way down after the wekkly inspections.
BTW on those monthly utility bills on my REO assets where I can leave the AC operable, 85 to 90 degrees setting, I got a handle on the thermostat by going to depot or lowes and buying those lockable thermostat
covers. I rarely NOT put them because of the reoccuring incidents of the circuit breaker being turned back for the AC, the setting left at 60 to test it by showing coop agents. It only took one of those accompanying monthly house payments of an electric bill to make me reuse them, and leaving four extra holes in the wall for the next owner doesn't hurt my wallet one bit.
Roy J Foster, KS Lic #BR0039462
R J Foster & Assoc., LLC
Cert. A*REO Agent
Cert. FHA Inspector ID G551
Cert. FHA 203K Consultant ID D0631
Cert. FHA LBP Maintenance Supvr ID 7534
Cert. Vendor Resource Management REO Specialist
"I am only as strong as the coffee I drink and the hairspray I use."