NEWS
January 14: Release Notes
The following items were released January 14:
Listing History changes relabeled for easier viewing in Listing Management.
In response to ongoing feedback, we’ve made it easier to understand the changes that are visible under a listing’s History in Listing Management. Instead of an abbreviated system name, Field Name now reflects the field as it appears in the full edit form. For example, “SellerConcessionType” will now display as “Concessions Y/N,” matching the field in Listing Management. History changes that are automatically generated and not tied to a field in the full edit form will be differentiated by a lighter color.
Status fields now appear in new order in Search.
Based on your requests, Status is now grouped by Active or on-market and Closed or final statuses as opposed to alphabetically in Search and reports. Learn more here.
Municipality field no longer appears for Delaware listings.
To eliminate unnecessary information and improve the accuracy of our data, the Municipality field has been removed from Listing Management across all property types for listings located in Delaware. Existing listings with values entered for Municipality will be updated to have this information cleared over the next several days.
The following changes were made to the Financial Calculators:
- Each year the Federal Housing Administration changes its guidelines for FHA loan limits. This year, there have been significant changes to every county, where most loan limits have been raised. We performed an audit of the entire Bright footprint and updated the rates for each affected county.
- On the Buyer Closing Cost and Seller Net Sheet, a higher State Recordation Tax will now be reflected when the sales price is over $500,000 for listings located in Montgomery County, Maryland.
- Some Maryland counties allow for an exemption on the transfer tax if the property is going to be owner occupied. You can now designate this on the Buyer Closing Cost and Seller Net Sheet under Owner Occupied, a new field that will default to “Yes” and apply the correct discount when selected.
Improved process for linking listings to Public Records.
To yield better search results for listings that were not populated from the tax record, we have enhanced the process of updating these listings in Bright with subdivision, location, and Tax ID information where applicable.