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« Important Post to Read for All Bloggers | Main | Virginia Association of REALTORS® Launches "VAR buzz" »

February 01, 2008

Comments

Jim Duncan

In my honest opinion, those Realtors who choose to "game" the system are doing more than gaming, they are betraying their professional obligation to MLS' data integrity. They're dishonest. Sure, others are doing it, but it's not right, and it doesn't benefit anyone other than those who don't know any better.

Jennifer Kirby

Our MLS took care of this by adding a CDOM, combined days on the market, next to the DOM. The CDOM looks at all the active listings so that agents cannot game the system by cancelling and then relisting the property. Its a great feature, especially when doing research. Only agents can see the DOM and CDOM data...it is not available on the Customer property versions.

Danilo Bogdanovic

Jim - I agree with you 100 percent. The problem is that they are able to do it and get away with it.

Jennifer - Yes, we have the same system here in the DC metro area. It's DOM and DOMP, the latter being the total days over the life of the tax ID. Problem is, the DOM is the one shown on listing sites, not the DOMP. And people game the system by not putting in the tax ID to get around the system.

And regardless of whether it's on the customer copy or not, it's one of the first questions out of every buyers' mouth and they expect an answer. We can't not answer their question.

Jay seville

Manipulating the MLS is bogus. "Realtors" who do this should be fined $1000 at least for the 1st offense. It misleads consumers and sometimes consultants willfully.

Danilo, the issue you experienced with your buyer was based on their ignorance. You already know that of course and that's where you come in :) Not all consumers are open to being educated but that's no reason to lose a critical piece of data publicly. I want to know how new a listing is and everything about its history as it plays a serious role in what kind of offer I'm going to recommend that my client make. I think buyers should have that knowledge too. Transparency, transparency, transparency. *********It also serves to hold sellers accountable who want to price too high. DOMP is sort of like a unspoken policeman of sorts--don't overprice your home or you'll get even less for it. It's great.********* I'm for consumers having all the info....And I'm for nailing hard A-holes who game the MLS or put their websites in the public internet remarks. Losers....

Frank Borges LL0SA= Broker FranklyRealty.com

Hey D,

The MLS fine used to be $50 for doing what I called Full of Fat (Illegal) DOM Fudging. Hope you don't mind a link:
http://blog.franklyrealty.com/2007/01/mls-data-fudging-by-realtors-watch-out.html

After BusinessWeek got this blog and other information, they did a story where they quoted MRIS about this practice. Suddenly a month or so later the fine went up to $1,000 for Realtors fudging the TaxID# so as to reset BOTH DOMM and DOMP.

On my new MLS search site, http://franklymls.com (sorry another link, feel free to edit out) I feature first the DOMP The Days on the Market Property (regardless of the # of relistings, except for illegal TAXID fudging). I don't know if any other site shows the DOMP.

I have also proposed to MRIS to have the "Original Price" on each listing be the Original price of the Original MLS listing (DOMP).

I hate DOMM and DOMP fudging.

It makes Realtors look horrible.


Frank Borges LL0SA- Broker
blog.FranklyRealty.com

Danilo Bogdanovic

Frank - Glad to see that you published those posts and that the MRIS reacted. But I'm not sure how good they are at policing it because it still happens.

I hate it too and is why I think it's shouldn't be used on the front end in the first place.

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