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Virtual Discrimination by Real Estate Brokers
A real estate broker who operates in 23 states has filed a complaint with Federal authorities against the local MLS for “restraint of trade” practices, according to Inman News. Ryan Gehris, who is a broker of record for flat-fee real estate company Housepad.com in 10 of those states, alleges that the North Carolina... »
Tracking Homebuyer Activity
Last week an agent said to me, “I have had the same 6 or 7 buyers and sellers for the last 4 months.” Reminded me of a waitress who couldn’t “turn a table” because the same people stayed all night long. I decided to track homebuyer activity to see how many buyers who have been... »
Watching trends in the daily market watch of the MLS
I’ve been keeping an eye on some of the daily trends in the MLS and have noticed for several weeks now that price reductions have now outnumbered new listings on an almost daily basis. In past years, when almost all houses were selling fairly quickly, we noticed that a small percentage of houses required... »
Pocket Listings in Seattle?
I was a meeting this weekend with an agent in Southern California where he showed me a website he says he visits a couple times a week. A competitor had built up a large repository of “pocket listings” for the Beverly Hills area and then stuck them behind a registration wall… of which he... »
Listing Square Footage — How hard can it be?
Back in middle school, one of my favorite math classes was geometry. Calculating the volume of cylinders, figuring out the angles of oblique triangles…now that was living! Best of all, it seemed like math that maybe I might really use someday. Fortunately in this business there’s lot of opportunity to practice. Whether we’re helping a... »
Safety can’t be stressed enough for agents and sellers of property….
Safety is always a concern of mine for both me, my team, and my clients. Oddly enough, agents work in a profession where we and our clients are frequently targeted for a variety of opportunistic crimes such as burglary, assault, rape, and murder. Recently, notices went out from our local MLS letting... »
The MLS is not just for advertising your property
Agent receives $5,000 fine for taking the key from the keybox, giving it to the electrician and allowing the electrician to remain on the property unattended. Agent receives $5,000 fine for giving her keypad to an unlicensed friend to show property. Agent fined $3,000 for changing the price by $1.00 or $2.00 to cause the property... »
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