Sunday, June 15, 2008

Beware of Agents who are Gaming the MLS!



It clearly states on the MLS this home is listed for $239,000. It`s a 3bed,2ba,2cg home in mint condition with an in-ground pool!
The remarks don`t indicate the price is a starting point, the agent has 4 offers on the table and is bragging how they "Fooled Everyone" into believing this was the actual sales price.
I kid you not!
The new game of misusing the MLS is upon us and appears will get much worse before it gets better!
We called the agent this morning to show this gem.
The Agent began to explain the price wasn`t the Actual price,it was a way of attracting buyer`s.


It`s fraudulent at best,as I questioned this agent for more details they told us their broker gave them permission to do this!


The company is a national company which if true, encouraging agents to give out false information on the MLS could lead to major headaches down the road..
Many agents use the MLS to attract buyer`s at any cost not fully rationalizing the implications this can lead too...
After all the MLS feeds are placed on Realtor.com within 24 hours.
Deceptive practices hurt the entire industry.
Either way be careful if a home is priced out of the ordinary, make sure it`s real!

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