Video: Coming soon listings gone
Were you aware that you can’t search coming soon listings?
Now what are you going to do and why were pocket listings “outlawed” in the first place?
Watch the video and find out what you can do to gain a competitive edge in the market when buying Palos Verdes homes.
Quoting from the National Association of Realtors
Section 1.01 – Clear Cooperation
Within one (1) business day of marketing a property to the public, the listing broker must submit the listing to the MLS for cooperation with other MLS participants. Public marketing includes, but is not limited to, flyers displayed in windows, yard signs, digital marketing on public-facing websites, brokerage website displays (including IDX and VOW), digital communications marketing (email blasts), multi-brokerage listing sharing networks, and applications available to the general public. (Adopted 11/19)
Note: Exclusive listing information for required property types must be filed and distributed to other MLS Participants for cooperation under the Clear Cooperation Policy. This applies to listings filed under Section 1 and listings exempt from distribution under Section 1.3 of the NAR model MLS rules if it is being publicly marketed, and any other situation where the listing broker is publicly marketing an exclusive listing that is required to be filed with the service and is not currently available to other MLS Participants.
What are the consequences to a seller when the agent they hire doesn’t comply with the Clear Cooperation Policy? Are they getting adequate exposure? How much money will the seller lose to their agent’s greed when the motive to break the policy is to get double commission through representing both buyer and seller? These are serious questions a home owner must consider before signing a listing.