2015 “no lease fee” iBox allotment was determined by your listing activity in
Heartland MLS each month in 2014. Here’s how the calculation was made:
each month, usually around the middle of the month, a “snapshot” of your
listings in Heartland MLS was recorded for use in creating the lockbox
allocation calculation. All residential
listings with the following statuses: active, show-for-backup, contingent,
pending, temporarily off market and auction status, were recorded and retained
for use in the calculation. Non-residential listings (multi-familiy, land, and
commercial) with the same status as listed above in MLS and with “iBox”
indicated in the “Showing Instructions” field were also included in the
calculation to determine your 2015 allocation.
The total count of these listings were used to create the average.
example of an allocation calculation:
Month and Day* # of
listings on that day
26/12 = Average of 2.16 listings
2.16 is rounded up to 3
2015 no lease fee allocation: 3 iBoxes.
*May not be the
actual date of the listing activity snapshot; for illustration only.
do not have to pay any lease fees for allotment lockboxes. Additional iBoxes over/above the no cost
allotment are available anytime needed for an annual fee lease at the equivalent
to $2.50 per month. Annual lockbox
leases run from March 1 to February 27 and are $30 if leased in March. Each month after March, the annual lease
amount is reduced by $2.50.