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So I’m actively investing in residential real estate and here are some of the things I’ve found that realtors do that are “ethically unsound”:
1) Let a listing expire then re-list under a different MLS number
Before it was people just relisting as the same MLS number. Days on Market (DOM) number would be reset to 0 (so it looks like a fresh new listing), but then they came up with CDOM (Continuous DOM). So all you had to look at was CDOM to see if the inventory was moving.
But if you put it under a DIFFERENT MLS number, guess what CDOM is effectively reset.
2) List on internet without a clear address.
Instead of putting house number along with the street name, they would just put street name. Hmm.. i wonder why? Perhaps to avoid getting their license revoked for listing properties that they’re not authorized to list? Who knows..
3) Move lockboxes or change lockbox codes without proper notification
This, I still have yet to figure out why this is. The only reason I could think of us is that they either want the property themselves or want to be dual agent (representing both buyer and seller, thus double commission)
F*cking dirty. Asswipes. You can read about this major dirt bag realtor I was involved with for VERY short time.
No related posts.
Dirty realtor tactics
So I’m actively investing in residential real estate and here are some of the things I’ve found that realtors do that are “ethically unsound”:
1) Let a listing expire then re-list under a different MLS number
Before it was people just relisting as the same MLS number. Days on Market (DOM) number would be reset to 0 (so it looks like a fresh new listing), but then they came up with CDOM (Continuous DOM). So all you had to look at was CDOM to see if the inventory was moving.
But if you put it under a DIFFERENT MLS number, guess what CDOM is effectively reset.
2) List on internet without a clear address.
Instead of putting house number along with the street name, they would just put street name. Hmm.. i wonder why? Perhaps to avoid getting their license revoked for listing properties that they’re not authorized to list? Who knows..
3) Move lockboxes or change lockbox codes without proper notification
This, I still have yet to figure out why this is. The only reason I could think of us is that they either want the property themselves or want to be dual agent (representing both buyer and seller, thus double commission)
F*cking dirty. Asswipes. You can read about this major dirt bag realtor I was involved with for VERY short time.
No related posts.