"Coming Soon" Real Estate Advertisements Not Allowed In Maryland

Roy - I wonder whether they have a similar restriction in Florida. I am a buyer broker, so I do not have signs, and it does not affect us but intersting to know.

Thanks

Great posting, Roy.  These type of signs are being used quite a bit, even in Colorado.  Again, make sure you have a signed listing agreement before the sign goes up!!  There have been a few times that I have used these signs.. for less than a week.  I have the agreement signed, the seller has requested NO showings until a certain date... and that is stated in the listing agreement... the house is still listed in the MLS with that disclousure of showing date. 

I wish we had this law in California.  There are so many properties that get "Coming Soon" only to sit for weeks or months while the "listing agent" gets his act together.  Seems like a scam to me and glad Maryland stopped it.

I wonder if the "Coming Soon" signs are mostly on foreclosures? I get notified about a foreclosure being assigned to me, but it takes weeks and sometimes months to finally get an assigned price.

Anyway, we all know it is a way to get leads.

I think that rule may be good.  Too many agents really push the edge of the rules rather than play within them.

Good Morning Roy~I see this a lot for foreclosures, I'm wondering if there is a lag in getting signed listing agreements. I'm sure some agents are also trying to generate leads before it hits the MLS.

Have an AWESOME day!

This is true in our area as well. I don't think I have ever seen one of these signs here in Pinehurst. Hopefully that means that our local agents understand the real estate laws.

Roy, your title caught my eye.  Personally, I disagree with this guideline.  If the specific property isn't disclosed, just something like "coming soon, a great 3 bedroom home for sale in Montgomery County MD," then there's no harm no foul - of course there will be a great 3 bedroom home for sale coming soon.  However, if they say 123 Main street home coming soon, that is different.  Do they allow non-specific "coming soon" things?  Personally, I haven't seen much of that here, but I'm just curious if it's property specific or if generics can be used?

Roy, It makes sense, but I would think that if the seller wanted to sell his house, he would sign the listing agreement from the outset!

I wouldn't be surprised if California becomes the next state to step in line with that law!  When you stop to think about it, that law makes a lot of sense.