A new report from Broker Resource Network, a trade group for residential real estate brokerages, suggests the National Association of Realtors’ efforts to stem potentially discriminatory off-market listings is having the opposite effect.
The National Association of Realtors is asking a federal judge to not let the Department of Justice walk away from a settlement that ended federal investigations into rules banning pocket listings.
Off-market listings have gained significant traction in Massachusetts over the last year. They clearly picked up advocates during the pandemic, as listing scarcity elevated demand and a sense of urgency among buyers.
In this red-hot, historic seller’s market, something sinister is afoot. A business practice that slick real estate agents are promoting to “make the sale easier” on their seller clients.
As home sales have soared, off-market listings – on the rise before the pandemic – have continued unabated, despite the National Association of Realtors’ approval last November of a Clear Cooperation Policy and a near-guarantee of bidding wars for MLS-listed houses.
The National Association of Realtors has all but put a stop to one controversial practice some agents use to hide their listings from other agents. But some crafty realty pros are already finding their way around the new rules.
The number of new public listings in Greater Boston has seen a decrease since 2018. For real estate professionals, this trend can seem daunting, but there are effective approaches to increase your chance of success in a climate favoring off-market transactions.
Unfortunately, as we head into 2020, it looks like the pocket listings trend is accelerating, hurting nearly everyone in the real estate industry.
An influential group of multiple listings service operators from around the country warn “the multiple listing service as we know it is in jeopardy,” but many Massachusetts real estate agents aren’t so sure.
Ensuring trust in the system of rules that govern the world is one of the most important – if not the most important – things a governing body is charged with, and one of the most difficult.
Local professional real estate groups are applauding the National Association of Realtors’ decision Tuesday to try to curb the practice of pocket listings.
The National Association of Realtors’ board on Tuesday voted on a measure intended to crack down on the practice of “pocket listings,” where a real estate agent declines to list a sale on a multiple listings service, and instead markets the sale within a separate, informal network of brokers or others.
