The National Association of Realtors is considering whether multiple listing services and Realtor associations will be allowed to require that their members pay for some services that are now considered optional, such as lockboxes.
At least three MLSs have notified NAR of their desire to require all of their subscribers to pay for lockbox services, citing security issues when members don't use the devices, and potential cost savings from universal member participation.
A policy adopted by NAR in 1996 to curb potential abuses of authority by MLSs and local Realtor associations limits the services that can be included in member dues. Products and services are defined as either "core," "basic" or "optional."
Without knowing about this new NAR discussion, I wrote a post a few days ago on AnnArborRealestateTalk
Electronic Lockboxes provide more safety
Ann Arbor.com posted a story on homes being broken into while on the market.
The crew is alleged to have stolen foreign coins, two-dollar bills, equestrian trophies, jewelry, electronics, cash, a guitar and custom-made brass bullets from homes in Ann Arbor, Ann Arbor Township, Scio Township, Webster Township and Dexter Township.
In one instance, a wall was destroyed in an unsuccessful attempt to open a safe filled with expensive jewelry, according to courtroom testimony Thursday.
It took about 15 minutes for me to look on the Ann Arbor MLS and figure out where the homes were located. I looked at the date it was listed and cross referenced it with which ones provided on the map AnnArbor.com showed. Many of the homes were unoccupied at the time, while the homeowners were either trying to sell or on vacation.
Does this bother you?
It does me, because when I list a home for sale in the Ann Arbor area, I use a Sentri-lock lockbox. It is an electronic lockbox that we as Realtors must update our cards every 3 days.
Although we have been offering them to our Realtor members for over two years, many agents have not upgraded to them and still continue to use the old punch key or locker type numerical ones. Heck, some agents still use the same combo's they have used for years!!
Each lockbox is only $100.00 and our board of Realtors was offering them for $35.00 during the transition to get Realtors to use them. The card is $8.00 a month.
Sorry for my rant...but it is inexcusable for listings agents to not use these to better protect their sellers. When a agent is showing a property is records exactly who went in and what time that we can check in our logs.
Ann Arbor sellers be safe, INSIST you have a secure, electronic lockbox on your property.
- What do you think of the potential change in NAR policy that some of advocating for?
- Does it bother you that NAR now has a 20% interest in the Sentri-lock lock boxes?
- As a listing agent do you agree or disagree that is your responsibility to keep provide the best safety for your seller homeowners?