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Rainmaker
837,245
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Bank of America and Chase were allowed to do this routinely in their short sale process. Precedence has been set, our brokers, franchises, and MLS were asleep at the wheel. Like always, the MLS and the NAR is only concerned about controlling the REALTOR, and the options the realtor has available.

Your MLS and my MLS along with our respective brokers and franchises have long ago made it clear, agents are fungible assets and if you don't like their rules you can hit the road AND try to make you believe YOU made the rules.

Now, regarding your question, this issue is fully resolved if you have 'the talk' about your compensation with the buyer, at the first meeting. If they are prepared to supplement your comp with 5, 10, 15K, show them what ever they want.  It is more likely the buyer will say, "Don't show me anything that defers non-traditional costs to me."

It is a good idea to be looking at that compensation line shown in the listing. Fail to do that and unhappy things happen.

Aug 27, 2015 04:31 AM
Rainmaker
717,388
Sara Wagner
The Woodland Companies - Adams, WI
Stevens Point Rentals

Beyond my control.

Dec 08, 2018 04:02 PM
Ambassador
4,896,902
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Probably something going on with your MLS encouraging them to allow the adds even though the are detrimental to the membership.

Aug 27, 2015 10:53 AM
Rainmaker
699,027
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Certainly no brokers in our market would do that.

Aug 27, 2015 06:37 AM
Rainmaker
1,339,063
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

As the price they have listed is not even near what they want or sell for most of my clients will not participate any more. It's all about who's pocket is getting fleeced!

Aug 27, 2015 04:44 AM
Rainmaker
4,798,978
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I hate these with a passion and they should be removed from the MLS as they are a bait and switch type of listing.  I believe they have taken action against these practices in CA.

Aug 27, 2015 04:18 AM
Rainmaker
1,676,510
Winston Heverly
Winston Realty, Inc. - Atlantis, FL
GRI, ABR, SFR, CDPE, CIAS, PA

I wante to be clear, they MLS list the property, but you are directed to Auction.com, HUBZU, Homes.com etc. to bid or what have you. Personally they use the MLS to get the property noticed on Zillow, Trulia etc. A waste of any Realtors time, that then hasto explain to the buyer why they cant sell it to them.

 

Aug 27, 2015 03:56 AM
Ambassador
2,980,025
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

it can only be addressed by specific MLS rules against it.  talk to the board of directors for your MLS

Aug 27, 2015 03:35 AM
Rainmaker
175,464
Spirit Messingham
Tierra Antigua Realty - Tucson, AZ
Third Generation Full-Time Realtor® 520 471-6900

We do not have that here in Tucson, AZ.  

Aug 27, 2015 03:26 AM
Rainmaker
385,902
Jill Murty, Realtor - Orange County, CA
Sunset Properties, Powered by Movoto - Laguna Niguel, CA

I'm not a fan of these things and there should be some pushback from the MLS.  It doesn't seem right to use the MLS to promote auctions.  I'd think agents would largely ignore this type of listing unless a client insists.

Aug 27, 2015 03:09 AM
Ambassador
3,405,562
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Our MLS has come out against $50 listings but I haven't heard them excited about auctions yet...

Aug 27, 2015 03:01 AM
Rainmaker
829,622
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Winston - That is a great question. I believe that we do have those auction.com listings showing up in our MLS. Now you got me thinking...

Aug 27, 2015 10:10 AM
Rainmaker
195,769
Jill Moog
Coast & Country Homes and Estates, Inc. - Carlsbad, CA
Carlsbad, CA Homes for Sale

I don't like those auction sites either. Often times they charge the buyer a 5% premium on top of the sales price, really no bargain at all.

Aug 27, 2015 09:14 AM
Rainmaker
1,602,655
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

I avoid these listings like the plague. They are a profound disservice to our clients.

Aug 27, 2015 09:00 AM