Refresher:Â Entering Sales and Leases
The MLS® department has been receiving many questions about how to enter sales that have been sold by a salesperson who is not a member of RAHB and about how to enter leases. The following MLS® Policies provide clear instructions for reporting these sales and leases:
SALES
When broker loading any sales where the selling salesperson is a nonâ€board broker, members will be required under Selling Salesperson field to enter “NONMEM†and on the comment line “SOLD BY N.B.B.â€.
LEASES
Leases reported for the sold sheets must be on a per unit basis so that the listing and the lease price are reported in the same units. i.e., list price = $14 per square foot; lease price = $12 per square foot; the comments line of the sold sheet will give the breakdown and total volume for the lease.
Example: Â Â Leased for 1 yr. @ $1,000/mth. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = Â Â $12,000
                 OR
                 Leased 100 sq. ft. for 5 yrs. @ $5/sq. ft.     =   $30,000
The lease may have different prices for different years and those amounts must be broken down.
Example:Â Â Â Leased 100 sq. ft. for 2 yrs. Â = Â Â $13,200
                 1st yr. @ $5/sq. ft.                 =   $ 6,000
                 2nd yr. @ $6/sq. ft.                =   $ 7,200
Questions regarding the reporting of sales or leases should go to the ML® Department, 905.667.4650.