Home Selling in 85233>Question Details

Conscientious, Home Seller in 85233

Does the MLS services have specific rules around who has access to the lockbox/key, & is it limited to participating/licensed MLS brokers &?

Asked by Conscientious, 85233 Thu Dec 10, 2009

agents?

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6
Yes the MLS services have rules and regulations as to who can use and have access to the lockboxes
0 votes Thank Flag Link Fri Dec 25, 2009
Yes, each MLS has very specific rules regarding keyboxes and access. Probably all of them prohibit members from giving keyboxes to non-customers, and only members are allowed to have keys. In the NWMLS (Seattle), member appraisers are allowed keys.
0 votes Thank Flag Link Thu Dec 10, 2009
To add to the answers given to you, you as a seller can have some say as to who has access to the property you plan to sell. Put it in writing to your broker and I'm sure he/she will do their best to accomodate your wishes as long as it within the MLS rules and real estate law.
0 votes Thank Flag Link Thu Dec 10, 2009
Access is determined by the type of lockbox being used. Some require an electronic "key" with the proper codes for opening, and to obtain the key inside the lockbox for unlocking a door. To use such a "key" one must be a member of a local real estate association, in good standing, and have a current subscription to the local MLS. Users of such electronic devices can be realtors, appraisers, home inspectors, loan officers, property managers, and/or any other real estate business related person/entity.

Another type of lockbox used is a combination lockbox. Similar to a standard combination lock, whereas anyone knowing the combination and/or numeric sequense to open the box can obtain the key inside for access to the interior of a property. This type of lockbox does not require specific licensing and/or affiliation to any professional organization to use. Many times the code is included in the property description of the listing, or some part of the listing, by the listing agent.
0 votes Thank Flag Link Thu Dec 10, 2009
In my area lockbox access is limited to Participating brokers and affiliate members like home inspectors and appraisers. We use an electronic lockbox and they have to have their own key or make arrangements to have a mechanical lockbox on the property.
Web Reference: http://www.Find1Home.com
0 votes Thank Flag Link Thu Dec 10, 2009
Yes, lockboxes and lockbox keys are limited to licensed brokers, agents, and appraisers typically have keys as well. If you want to put an additional combo lock along side the lockbox with a key inside it for use by contractors, house cleaners etc. this is often done and you can purchase a good one at the hardware store.
debra
0 votes Thank Flag Link Thu Dec 10, 2009
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