As a REALTOR®, you know that a property’s size is often the most critical factor in any listing after location and price. That’s precisely why square footage is mandatory in our MLS® System.
Why Accuracy is Non-Negotiable:
The Canadian Real Estate Association requires that all information in the MLS® System meet certain standards of accuracy. The Real Estate Council of Ontario also requires registrants to take reasonable steps to ensure accurate listing details, including square feet. And Cornerstone, likewise, requires all listing content within its MLS® system to be complete and accurate.
A recent REM article highlights the significant risks of incorrect measurements and why precision matters.
Did you know? Cornerstone takes accuracy seriously! That’s why:
- We do not accept “MPAC” or “Estimated” square footage values
- We recommend using the ITSO Residential Measurement Standard
- We support working with qualified measurement professionals
The Real Cost of Inaccuracy:
Getting measurements wrong can result in:
- Legal liability
- Client disputes
- Professional reputation damage
Best Practices for Success:
- Follow ITSO’s Residential Measurement Standard
- Use professional measurement services
- Document your sources and keep detailed records
Stay Protected:
- Using a third-party measurement does not eliminate the responsibility for accuracy.
- Public records should be verified.
Ensure your listings feature precise measurements to protect you and your clients. Remember, accuracy isn’t just about numbers – it’s about maintaining trust and professionalism in real estate.