Finally! Our MLS makes an effort towards upholding the rules........

Real Estate Agent with Maui Life Homes / Metro Life Homes RS-78439 / BRE #01708344

Finally! Our MLS makes an effort towards upholding the rules........

I logged on to my MLS yesterday, only to find the following bulletin screen pop up:


I can't begin to tell you how satisfied I was to see this.  Especially since some agents still do not get the fact that with a short sale the seller is legally the entity that enters into the contract with the buyer, not the bank.  It is the seller's choice of whom they wish to enter into contract with.

I'm sure most of you have experienced on numerous occasions inquiring or even submitting an offer on a property in which you later find out there is already an accepted offer.  And yet, it's still showing Active on the MLS.  HUGE waste of time for everyone, and extremely lazy and/or negligent on the part of the listing agent.  ESPECIALLY in this current market which is moving lightning-fast.

I'm hoping this will curb those agents who refuse to change the status merely because they want to continue harvesting buyers from the affilate websites that the property hits.



This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Best Practices
California Los Angeles County Studio City
The Lounge at Active Rain
LA Connection
mls violations
short sales
ralph gorgoglione
los angeles real estate agents

Spam prevention
Show All Comments
Kathy Stoltman
Rockwood Realty - Ventura, CA
Ventura County Real Estate Consultant 805-746-1793

Ralph, our MLS made this change sometime ago.  It really helps when I work with buyers. Thing to note, at least on our MLS, these "backup" listings still show on the IDX, they do not disappear from the IDX until the lender has approved the short sale and then the status changes to "pending" and is gone from the IDX feed.

Mar 06, 2013 06:59 AM #1
Liz Wallace
Century 21 Sherlock Homes - Rockville Centre, NY
Broker C21 Sherlock Homes, Rockville Centre, LI, N

How about the multitude of brain dead agents that do not put PBA, pending bank approval on the listing.  No wonder Agents are skirting short sales.

Mar 06, 2013 07:08 AM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Ralph Gorgoglione

Hawaii and California Real Estate (800) 591-6121
Ask me a question
Spam prevention