Are you in compliance with real estate law?

By
Real Estate Agent with Realty Professionals, Inc.

I know some of us are posting real estate listings in our blogs and hopefully doing it in the public section and have clicked on advertising.  If you're not doing this, then you are losing out on exposure of your listings.  But this is not the reason for this blog.

What I want to say is that according to Arkansas Real Estate Law if you no longer have a relationship with your client, you are not allowed to continue marketing that property.  If it is a seller and the property has expired or been withdrawn for any reason and you have posted it in your blogs then you would need to take it off.  If you are working with the buyer and seller and you have sold that property and you have that listing on your blog, I would recommend that you edit your blog post and mark it sold, and if it was mine, I would even take the price off at the time of the edit.

I recently experienced a contact from the Arkansas Real Estate Commission asking me about a property that I no longer marketed (and I hadn't for several months) that I had on the internet.  I thought that was impossible.  I stay on top of my business and had no clue what they were talking about.  I was given a url address and sure enough, it was there.  I researched that site and found out that they basically strip other sites of listings and use it to populate their site.  Hey, that's great huh!  Well, it is until you get that contact like I did.  I was wondering how can you combat that and came to the conclusion you really can't.  I sent an e-mail to the webmaster of that site and asked that it be taken off immediately and forwarded that e-mail to the commission.  I didn't think I would ever hear back from the internet company, about three days later I received an e-mail from them stating they were sorry and that they have removed that listing.  This event forces us to be diligent in keeping our marketing TRUTHFUL and if we have expired, withdrawn or even sold listings on our blogs and we haven't updated them, we could be found in violation of real estate LAW.

I am a Realtor in Searcy, Arkansas and I sell new homes, existing homes, commercial property, farms and land as well as manage and own rental properties. If you are looking for real estate for an investment or a home, I will be glad to assist you! You can call my personal cell number at 501-278-7659 or e-mail me at Larry@Searcy4Sale.com.

Comments (5)

Stephen Graham
Inactive - Atlanta, GA
You have brought up an important issue. In Georgia, we have 10 days to get it off the internet.
Mar 20, 2008 02:08 AM
The Michael Pierce Team
Better Homes & Gardens Kansas City Homes - Leawood, KS
Kansas City Real Estate Experts
I have thought about this issue as well.  I think one good way is to use a site like Real Estate Shows, VFlyer, Postlets, or Classiedflyerads to set up your listings as a flyer.  Then on all your blogs and sites, post the embed flyer.  Once the listing is sold or has expired, you can go back to the source of the flyer, delete it and any blog you posted that flyer to will no longer show the listing's information. 
Mar 20, 2008 02:25 AM
Karen Ann Martin Realtor Safe Harbor Realty
Safe Harbor Realty - Westport, MA
Realtor Fall River & Westport MA Real Estate Agent
 I will add this to my to do list  thank you
Mar 20, 2008 02:28 AM
Mary PAUL, ABR, CRS,GRI, e-PRO,
RE/MAX Advantage Realtors, Searcy, AR - Searcy, AR

Larry,

Thank you for the tip!  I did as you suggested, my tag field is "mls listing" now I can find them easier when they are sold!  Thanks again!

Mar 20, 2008 03:12 AM
Barbara S. Duncan
RE/MAX Advantage - Searcy, AR
GRI, e-PRO, Executive Broker, Searcy AR
Good thinking and good advice for all of us, Larry.  Now if I just had a listing to mark with my new SOLD sign!
Mar 20, 2008 02:26 PM