04/28/2021
Wednesday Wisdom…
Remembering why …NAR approved the Clear Cooperation policy.
“As if buying a home weren’t hard enough, the lack of properties for sale has made the process even more daunting. The problem has resulted in more intense bidding wars for the slimmer pickings and many house hunters — particularly those with modest means — being shut out.”
What if you found out there are a lot of homes for sale, but you and your real estate agent just don’t know about them?
That’s what some buyers’ agents say has been happening with greater frequency, particularly in highly competitive housing markets such as Seattle, San Francisco, Los Angeles and Washington, D.C.
…. the Washington Post
The National Association of Realtors (NAR) has cracked down on “coming soon” or “off-market” designations, which generally allow sellers to unofficially solicit buyers under the radar without having the number of days it is listed count against them when they go on the market. In addition, keeping these listings off the public multiple listing service means buyers won’t know if a seller has dropped or raised their price expectations.
The Intent and Purpose of the Clear Cooperation Policy
This new policy is created to bring all available properties into the MLS.
Every seller will get maximum exposure of their property and every buyer will be able to find all the properties for sale in their area. The consumers will benefit more than anyone because this will mean the MLS marketplace will be complete.
Remember your Fiduciary and Fair Housing and Do the Right Thing!
Know and Understand “Coming Soon”
Watch Bren’s video on the coming soon process, policy and procedure.
https://youtu.be/3CPzl3v2HpM
