Members: 112,881 - 5,639 Online Now
 

Of course everyone is talking about our NWMLS giving Redfin a $50,000 fine.  You kind of have to be in Seattle to see this from all sides of the equation.

Clearly Redfin can't do what they are doing, though buyer consumers love it and don't undertand why not.

Clearly reviewing other agent's listings is not just about the proprietary business relationship regarding the office's chance to sell that listing.  It is about the seller's right not not have any licensee posting negatively about an MLS listing.

Many don't get that.  Seller's don't pay us the Big Bucks to badmouth their most valued assed, and we collectively, the members of the MLS are equally responsible to the owners of MLS listings in that regard.

But $50,000?  Is that more punitive than one of the long standing big brokers would be fined?  I hope not.  I hope there are other $50,000 fines imposed over the years  I hope the single highest ever fine was not imposed against an Alternative Business Model.

To me, that is the question.  Not does Redfin deserve it, but has anyone else EVER in history deserved it too, and not gotten slapped so severely? 

I hope it is equal and fair treatment. 

 

13 Comments on How much should a fine be?

ahhh, this is fun stuff. I'm telling you, business is changing.

05/19/2007 04:25 PM by John Evarts (Classic Property Management of Santa Clarita)


John,

Front row seats make it even more interesting.  Your photo surprises me to say the least.  I worked for Classic Property Management in Torrance.  Not related.  They certainly wouldn't let me stick my tongue out at the clients :)  They didn't get to tell me much, but that photo is ...odd to say the least.

05/19/2007 04:38 PM by ARDELL DellaLoggia (Coldewell Banker Bain)


Ardell, I was not aware of this huge fine, sounds interesting. Do you have an article somewhere online you can point me to so I can read about it?
Thanks.

05/19/2007 05:48 PM by Michael Trinchitella - Mahopac NY Real Estate (Putnam, Westchester Real Estate)


$50k is cheap compared to what it could cost them if they were sued by a seller with the means and will to do so. 

05/19/2007 05:50 PM by Michelle Sweet (Santee Homes)


Michelle,

I agree, but are they really the only ones blogging about property?  I see private people doing it too.

05/19/2007 05:53 PM by ARDELL DellaLoggia (Coldewell Banker Bain)


Doesn't matter. You go after the ones who are front and center saying "Look at me". I wouldn't go after the idiot blogger, but the broker who shows my house and blogs negatively about it now has opened the door.

You don't even have to win, just be willing and able to make them bleed, while making them look bad to sellers.

05/19/2007 06:13 PM by Michelle Sweet (Santee Homes)


I am all for that fine amount, the more the better. This company likes to bad bouth agents and the money they think agents make, even though the people commenting on the houses were not from Redfin.. but I bet they really were.

 

 

05/19/2007 08:05 PM by Michael Trinchitella - Mahopac NY Real Estate (Putnam, Westchester Real Estate)


Michael,

They were "free-lance" paid by Redfin to write the posts, but not employees of Redfin.

05/19/2007 09:27 PM by ARDELL DellaLoggia (Coldewell Banker Bain)


Redin should just set up Sweet digs as an independent company to own Shack prices and pay advertising money to Sweet Digs.

05/19/2007 10:47 PM by America's #1 Mortgage Broker


Shack Prices has the same rules as Redfin.  Won't work.

05/20/2007 12:31 AM by ARDELL DellaLoggia (Coldewell Banker Bain)


I thought the fine was excessive but then they were asked repeatedly to stop and they just kept at it.

05/20/2007 07:03 AM by Greg Cremia (Shore Realty of the Outer Banks)


Greg,

The big question is do the rules ever need tweaking?  Or do they always stay the same.  The rules were never changed enough to incorporate buyer consumers having some rights too.  So someone has to push the envelope to make some progress in that regard.  Someone has to say "maybe the rule breaker is right and the rule needs to be changed". 

Remember most of the rules were long established during a time when we all represented sellers.  Simply following the old rules is not necessarily where we need to be headed.  But scrapping them and only listening to what potential buyer clients would like is not the answer either.

We have to make a little room for rules to be brought up to speed and advanced, don't we?

05/20/2007 09:34 AM by ARDELL DellaLoggia (Coldewell Banker Bain)


Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: ARDELL DellaLoggia (Coldewell Banker Bain)
ARDELL DellaLoggia
Kirkland, WA
More about me…
Coldewell Banker Bain

Office Phone: (425) 602-4150
Cell Phone: (206) 910-1000
Email Me


Links

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find WA real estate agents and Kirkland real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved