I'm proud to be with Coldwell Banker Residential Brokerage which is part of Realogy Holdings Corp, recently named as one of the 2019 World's Most Ethical Companies ® by Ethisphere for the 8th time! Read more here.
While I believe that compliance to the CRMLS rules is good on the whole, we should expect to find some bad apples in any barrel. And some good apples make genuine mistakes too.
There's a rule about "Inaccurate Information" and that is covered by MLS Rule 8.3 which states that "All fields within the MLS are to disclose accurate information to the best of the listing agent’s and listing broker’s knowledge."
But what about in the case of the photo above? Is the advertised "lake view" accurate information, or not? In my opinion, there's no doubt that the "lake view" is NOT accurate information, but that's an extreme example.
Consider a peek-a-boo lake view from the upstairs bathroom, if a person is 6' tall and on tippy-toes. Would that be accurate advertising?
What if the listing agent checked the "peek-a-boo" box after checking the "lake view" one? Does that let the agent off the hook? Perhaps the agent has violated the National Association of Realtors Code of Ethics & Standards of Practice?
I'm guessing that any competent lawyer will be able to argue both sides of this one.
In the meantime, homebuyers who search for "lake view" homes might be disappointed occasionally. All active listings advertising Woodbridge lake view homes can be seen at https://ir-vine.house/LakeView
What do you think?
And what can these agents expect to happen to them if they are found to have "failed to input accurate information"? Well, a warning for the first offense. And a whopping $100 fine after that.
I'm guessing that the consequences would become more serious after the second offense.
Check them out on Zillow.