Who Died and Made REDFIN . . . Real Estate God?!? ***** DIRECT COMPETITOR POSTS YOUR WORK PRODUCT *****

Thanks for reblogging. I'm going to go check out the original article.

No, I did not miss the point. And NO - not "as usual" . My points in my comment were based on a comment you made in this thread and your reaction to the consumer who had the guts to post on your blog a comment amidst this type of attitude that somehow agents are above what other businesses need to deal with on a daily basis. 

Who was comment #21? 

Hi Jane: I chose to remove the comment because in retrospect I felt my reply was a bit off course for this discussion. As a relatively new Broker I felt that this program could hurt me by not taking into account my experience in real estate and finance for almost two decades and the words I chose to express that contained too many I's and sounded more like an ad than a comment. Enjoy your Sunday!

Great re-blog, Jane...and how misleading these stats can be! I've subscribed to 3 other MLS's in my 12-year real estate career, but the only transactions that show up are from the current one, which are only 3 in the past 12 months. Since I specialize in trustee's sales (which obviously do not count in their reporting, since they do not appear on the MLS) my "stats" are again...quite inaccurate.

Thanks for the heads up...and CONGRATULATIONS on reaching 500,000 points!!! :)

Leilani

Jane - I can most certainly understand everyone's feelings about this newest stunt by Redfin, for what it's worth, I think it will be a moot point soon enough.  I think it is just a matter of time before a bunch of Realtors/agents get together and file a class action suit against Redfin as well as their MLS boards for releasing their info without their authorization.  JMHO

Well, it looks like the firestorm came fast and furious.

So many MLS have already shut this info data down....wonder how many lawayers are working on this both on behalf of the MLS and various associations. I also wonder what position any of the associations, including NAR, will take on this isssue.

Jane:  Have been reading Carla's and other's posts about this ... and just saw something this morning on the internet/news regarding this issue as well.  Seems that Redfin is looking into and possibly "addressing" this issue soon.  I think they fell into a boiling pot of poop and know it ...

  Gene

Demanding that agents be required to post their business sales records is very murky waters.  It's called "Unfair Competition" under the law and is a big legal theory that anyone who thinks "it's okay" or "I wouldn't mind" should bone up on, including consumers who, sadly but apparently, have no clue as well.  "Trade Libel" is another little ditty legal theory. 

#42 Jane- I will post my own stats but you go ahead and do it but make sure you tell your friend as she is pulling up the stats to pull them up in Nestor's name because as I said, that is where I put all my listings and sales and that we are in 3 MLS and you will need to get the data from all three MLS ( which your friend can not get because she is not a member of all three MLS) plus our listings that are outside of any MLS - but you can also see on our site that we publish letters from the title companies who do look up our stats and then print out a letter stating where we are compared to the other agents in our markets. I am very proud of our top 1% closing sides stats. And I can also publish the total income because as I said on another post about this- the total volume dollar wise is more important to me that the total number of units sold. And that, I am happy to tell consumers about. 

I will be publishing our total stats after I finish my vacation here in San Francisco. Right now, I would rather walk Fisherman's Wharf. 

But who are you to decide what is in the best interest of a consumer? Are you the consumer police? They get to choose and should always be able to choose how they want and what they want as far as information goes. 

BTW= BB just posted his stats. Pretty impressive. And it is a featured post, thank goodness. 

Very bad practice. I hope they drop the idea all together and don't come back with some other version of it.

Just mind your own business RedFin!

Jane, of course you have made a very intelligent argument against this nonsense - that stats don't tell the whole picture of an agent's ability to do a great job.  But also, getting the stats wrong, and they always end up erring on the side of fewer transactions than the agent really had, shows they are trying to make everyone look bad but themselves.  AND fishfin agents have unusually high stats because they don't show property or do post contract details like most other agents do.  So it was data manipulation disguised as doing "what's best for the consumer."  Misleading the consumer is rarely what's best for them.