Why NAR Is Forcing Your Listings On MLS
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Ricky Carruth is one of the leading coaches for real estate agents in the industry. With over 20 years of experience in sales as an agent himself, he was the top agent in his MLS for 8 years in a row and three-time #1 RE/MAX agent in Alabama. He has helped thousands of agents all over the world reach their goals and continues to be a light in the industry.
I purchased my house, and it wasn’t listed because the sellers were divorcing and didn’t want their community to know about their situation. Fair enough!
I have sold homes without placing the home in the MLS per the sellers request. Filled out the listing agreement with the Exclusion paragraph making it compliant to not put the property in the MLS. Sold the property and the seller was happy.
You can’t publicly advertise the listing. The “publicly advertise” is verrrrry broad and also includes just sending an email.
@@ObscureManifesto yes I understand that those are the rules. There are situations where sellers don’t need advertising whatsoever. The example I gave I did not use any advertising to sell the property.
MLS, is asking for it , a huge law suit from the consummer.
Compass wants to increase double-ending opportunities as a huge brokerage. Every MLS has a form that a homeowner can choose not to have the property on MLS.
Same thing I was going to say regarding MLS rules. A seller can opt out of marketing on MLS altogether.
Had this issue just last week. MLS considers basically any kind of marketing outside of direct phone calls as “publicly advertised”. Had to place the listing as private as per seller without a price to remove my violation. I assume another realtor reported me
There are already mechanisms to achieve the goal of discretion. I have my clients sign a NON-MLS form that allows me to market, and more than likely sell, the property off-market. Seems like much ado about nothing.
In Pennsylvania, sellers are able to sign a waiver where they don’t have to list on the MLS if they choose not to.
The problem in our market is that for private listings, we can only work with our brokerage’s agents. We have clients who want their listing known to agents but not in every public outlet. Or run DOM in a slower season.
Most listings will benefit from the open market, but there’s a good 20%+ of the market that could work in a different way in certain situations. Sellers are not always ready for the market, the traffic or public exposure.
Being tighter with disclosures and information on listings that go to the public would serve the public better.
Essentially, they don’t want agents to sell anything off-market.
As agents, I believe it’s time we start focusing on studying the commercial real estate sector.
In commercial real estate, there’s no MLS. There are websites where you can list properties, but most deals tend to happen off-market.
This seems more like a concern that agents will learn how to sell properties off-market, which could render the MLS obsolete.
They’re definitely protecting their own interests.
It’s similar to what they did with the lawsuit—they didn’t resist because they knew they would win either way. They can still charge agents and keep their MLS intact. NAR operates like a cartel, and it needs to go.
Any change to current rules will benefit someone large. Currently it benefits big investors with big money they can quickly review properties and make decisions quickly. If we bring back pocket listings it will benefit big firms and benefits niche brokerages.