Comments on: Part 2: Illegal MLS Fudging. 20% Chance You'll See 1. http://blog.franklyrealty.com/2007/01/part-2-illegal-mls-fudging-20-of-time.html Tue, 02 Mar 2010 02:11:05 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://blog.franklyrealty.com/2007/01/part-2-illegal-mls-fudging-20-of-time.html/comment-page-1#comment-1805 Anonymous Thu, 05 Jun 2008 21:23:00 +0000 http://franktempblog.wordpress.com/2007/01/04/part-2-illegal-mls-fudging-20-chance-youll-see-1/#comment-1805 Frank<br/>Glad to see your posts. I'm a broker in Florida and I think honesty and integrity is huge in our business. If you have to cirumvent the system it is not right. <br/>There are so many houses on the market here that Realtors try anything to get a house sold. For instance, how many of you have seen a list price that is too good to be true? It usually is a short sale or foreclosure. When a buyer makes a "list price offer" it is rejected by the bank (usually takes 4 to 8 wks to find out). Come to find out the owner owes $100,000 more than the list price! Banks aren't willing to give a $100,000 discount. I always check the tax records now to see how much the owner owes and then warn my buyers before they make an offer. Realtors can really help their clients by doing a little research prior to submitting an offer.<br/>Keep up the good work! Frank
Glad to see your posts. I’m a broker in Florida and I think honesty and integrity is huge in our business. If you have to cirumvent the system it is not right.
There are so many houses on the market here that Realtors try anything to get a house sold. For instance, how many of you have seen a list price that is too good to be true? It usually is a short sale or foreclosure. When a buyer makes a “list price offer” it is rejected by the bank (usually takes 4 to 8 wks to find out). Come to find out the owner owes $100,000 more than the list price! Banks aren’t willing to give a $100,000 discount. I always check the tax records now to see how much the owner owes and then warn my buyers before they make an offer. Realtors can really help their clients by doing a little research prior to submitting an offer.
Keep up the good work!

]]> By: FRANK LL0SA Va Broker- BLOG.FranklyRealty.com http://blog.franklyrealty.com/2007/01/part-2-illegal-mls-fudging-20-of-time.html/comment-page-1#comment-1803 FRANK LL0SA Va Broker- BLOG.FranklyRealty.com Wed, 28 May 2008 06:24:00 +0000 http://franktempblog.wordpress.com/2007/01/04/part-2-illegal-mls-fudging-20-chance-youll-see-1/#comment-1803 In your example, the new MLS # has a non working TAXID number (missing dashes), while the same agent previously posted that listing with the correct Tax ID.<br/><br/>One can trick the system this way (different Tax ID) so that the DOMP would reset. I can not say for certain if this was intentional.<br/><br/>The relisting did shave off 18 days off the DOMP.<br/><br/>As for when can a listing have a new MLS#, that happens all the time. Sometimes a new MLS # can be legit if a new agent takes over, or if the same agent relists it (I call that legal fat free fudge) which is allowed as long as it doesn't reset the DOMP. I don't allow that practice or relisting (the type that resets even the DOMM) since I think it is shady. <br/><br/>Again, the legal fat free fudge does not reset the MLS DOMP, just the DOMM (which most sites show).<br/> <br/>Frank In your example, the new MLS # has a non working TAXID number (missing dashes), while the same agent previously posted that listing with the correct Tax ID.

One can trick the system this way (different Tax ID) so that the DOMP would reset. I can not say for certain if this was intentional.

The relisting did shave off 18 days off the DOMP.

As for when can a listing have a new MLS#, that happens all the time. Sometimes a new MLS # can be legit if a new agent takes over, or if the same agent relists it (I call that legal fat free fudge) which is allowed as long as it doesn’t reset the DOMP. I don’t allow that practice or relisting (the type that resets even the DOMM) since I think it is shady.

Again, the legal fat free fudge does not reset the MLS DOMP, just the DOMM (which most sites show).

Frank

]]> By: NewbieHomeBuyer http://blog.franklyrealty.com/2007/01/part-2-illegal-mls-fudging-20-of-time.html/comment-page-1#comment-1804 NewbieHomeBuyer Wed, 28 May 2008 06:04:00 +0000 http://franktempblog.wordpress.com/2007/01/04/part-2-illegal-mls-fudging-20-chance-youll-see-1/#comment-1804 This entry has reminded me of a property whose mls number had completely changed, along with the DOM stats.<br/><br/>On 4/20/2008, I visited an open house at '13407 BURROUGH FARM DR, HERNDON VA 20171'. At the time, it was listed with mls #FX6733567. The agent at the open house gave me a stats sheet, dated 4/18/08, that listed a DOM-MLS/Prop value of '0/0'.<br/><br/>Then, sometime in May 2008, I checked back on the property via the mls number, and the property was gone. Couple of days later, I googled the address and found the same exact property under mls #FX6761918. And yes, the DOM stats were completely reset.<br/><br/>Would this be an example of illegal fudging? Is there any legal reason why a property would be relisted under a different mls number? This entry has reminded me of a property whose mls number had completely changed, along with the DOM stats.

On 4/20/2008, I visited an open house at ‘13407 BURROUGH FARM DR, HERNDON VA 20171′. At the time, it was listed with mls #FX6733567. The agent at the open house gave me a stats sheet, dated 4/18/08, that listed a DOM-MLS/Prop value of ‘0/0′.

Then, sometime in May 2008, I checked back on the property via the mls number, and the property was gone. Couple of days later, I googled the address and found the same exact property under mls #FX6761918. And yes, the DOM stats were completely reset.

Would this be an example of illegal fudging? Is there any legal reason why a property would be relisted under a different mls number?

]]> By: tchaka owen http://blog.franklyrealty.com/2007/01/part-2-illegal-mls-fudging-20-of-time.html/comment-page-1#comment-1825 tchaka owen Mon, 12 Mar 2007 05:10:00 +0000 http://franktempblog.wordpress.com/2007/01/04/part-2-illegal-mls-fudging-20-chance-youll-see-1/#comment-1825 Rebecca, if I'm looking to buy a house, I worry less about DOM and more about how the home is and whether it's priced right. And I believe that's how many others view homes. So your sister should focus on satisfying the needs of the buyer and not whether or not the house has been on the market X amount of days. Good luck! Rebecca, if I’m looking to buy a house, I worry less about DOM and more about how the home is and whether it’s priced right. And I believe that’s how many others view homes. So your sister should focus on satisfying the needs of the buyer and not whether or not the house has been on the market X amount of days. Good luck!

]]> By: FRANK LL0SA Broker http://blog.franklyrealty.com/2007/01/part-2-illegal-mls-fudging-20-of-time.html/comment-page-1#comment-1823 FRANK LL0SA Broker Mon, 12 Mar 2007 00:55:00 +0000 http://franktempblog.wordpress.com/2007/01/04/part-2-illegal-mls-fudging-20-chance-youll-see-1/#comment-1823 <b>Hey Rebecca,</b><br/>I won’t worry on whether it is 60 days or 90 days. I would focus on making the house look like a model home. Make SURE she reads my blog on Why Most Listing Agents Suck. <br/> <br/>You can also email directly to helpdesk(at)mris(dot)net they run the MLS. But again, I’d ignore that and get a great agent.<br/><br/>Frank Hey Rebecca,
I won’t worry on whether it is 60 days or 90 days. I would focus on making the house look like a model home. Make SURE she reads my blog on Why Most Listing Agents Suck.

You can also email directly to helpdesk(at)mris(dot)net they run the MLS. But again, I’d ignore that and get a great agent.

Frank

]]> By: Rebecca http://blog.franklyrealty.com/2007/01/part-2-illegal-mls-fudging-20-of-time.html/comment-page-1#comment-1824 Rebecca Mon, 12 Mar 2007 00:55:00 +0000 http://franktempblog.wordpress.com/2007/01/04/part-2-illegal-mls-fudging-20-chance-youll-see-1/#comment-1824 Thanks so much... WOW that was a quick reply!<br/><br/>I am going to forward your message to her now. If you hear from her... her email starts Bell!<br/><br/>Have a great day!<br/>Rebecca Thanks so much… WOW that was a quick reply!

I am going to forward your message to her now. If you hear from her… her email starts Bell!

Have a great day!
Rebecca

]]> By: Rebecca http://blog.franklyrealty.com/2007/01/part-2-illegal-mls-fudging-20-of-time.html/comment-page-1#comment-1822 Rebecca Mon, 05 Mar 2007 19:23:00 +0000 http://franktempblog.wordpress.com/2007/01/04/part-2-illegal-mls-fudging-20-chance-youll-see-1/#comment-1822 OK... more of a question here but I am hoping someone can answer it since we have had conflicting answers.<br/><br/>My sister in law had her home in Pasadena, MD listed for about 3 months. Her then agent stated that they should take the property off of the market for the winter, wait 2 months (60 days) and then relist it so the days on the list would be reset at zero. She is disappointed that she followed that advice. She will be relisting her home in the next few weeks. Our question is this... what is the amount of time that a property must be off of the market for the DOM to show as zero? She is interviewing agents now and doesn't know what to do. if anyone can tell me, please email me at mommywick@yahoo.com . I have been researching this for her for hours and can't find an answer that will bring her some comfort.<br/><br/>Thank you.<br/>Rebecca OK… more of a question here but I am hoping someone can answer it since we have had conflicting answers.

My sister in law had her home in Pasadena, MD listed for about 3 months. Her then agent stated that they should take the property off of the market for the winter, wait 2 months (60 days) and then relist it so the days on the list would be reset at zero. She is disappointed that she followed that advice. She will be relisting her home in the next few weeks. Our question is this… what is the amount of time that a property must be off of the market for the DOM to show as zero? She is interviewing agents now and doesn’t know what to do. if anyone can tell me, please email me at mommywick@yahoo.com . I have been researching this for her for hours and can’t find an answer that will bring her some comfort.

Thank you.
Rebecca

]]> By: Ann Cummings, REALTOR ~ Portsmouth, NH http://blog.franklyrealty.com/2007/01/part-2-illegal-mls-fudging-20-of-time.html/comment-page-1#comment-1821 Ann Cummings, REALTOR ~ Portsmouth, NH Mon, 15 Jan 2007 06:02:00 +0000 http://franktempblog.wordpress.com/2007/01/04/part-2-illegal-mls-fudging-20-chance-youll-see-1/#comment-1821 Frank - As MoniKa wrote above, our MLS tries to prevent that kind of thing by the "history" button we have, and we also have some rules that address taking a property out of the MLS so it can be entered as a new listing, another way to help try to prevent 'fudging'. <br /><br />No matter what one puts in place, or already has in place, there will always be those who feel the need to try to circumvent the rules, whatever the rules may be. Why they always have to work that way is beyond me, but they do. Make a rule and someone will always spend time trying to find ways to break it.<br /><br />Ann Frank – As MoniKa wrote above, our MLS tries to prevent that kind of thing by the “history” button we have, and we also have some rules that address taking a property out of the MLS so it can be entered as a new listing, another way to help try to prevent ‘fudging’.

No matter what one puts in place, or already has in place, there will always be those who feel the need to try to circumvent the rules, whatever the rules may be. Why they always have to work that way is beyond me, but they do. Make a rule and someone will always spend time trying to find ways to break it.

Ann

]]> By: Monika McGillicuddy- New Hampshire Realtor http://blog.franklyrealty.com/2007/01/part-2-illegal-mls-fudging-20-of-time.html/comment-page-1#comment-1820 Monika McGillicuddy- New Hampshire Realtor Mon, 15 Jan 2007 06:01:00 +0000 http://franktempblog.wordpress.com/2007/01/04/part-2-illegal-mls-fudging-20-chance-youll-see-1/#comment-1820 Thankfully our MLS has a history button...which searches the property address to see if it's been on the market before. Probably not 100% perfect but it sure helps. As a buyer agent I always double check. Thankfully our MLS has a history button…which searches the property address to see if it’s been on the market before. Probably not 100% perfect but it sure helps. As a buyer agent I always double check.

]]> By: LLoyd Nichols - Realtor Florida http://blog.franklyrealty.com/2007/01/part-2-illegal-mls-fudging-20-of-time.html/comment-page-1#comment-1819 LLoyd Nichols - Realtor Florida Mon, 15 Jan 2007 06:00:00 +0000 http://franktempblog.wordpress.com/2007/01/04/part-2-illegal-mls-fudging-20-chance-youll-see-1/#comment-1819 <b>Great Blog Frank.</b><br /><br />In Lee County one may try to Fat free fudge an MLS, and therefore "reset "the number of DOM but we have a property history button over the listing and one can check if the same realtor was fudging or not.One looked like it had been 33 days on the market, but it was actually 288 days.AS far as fudging the taxes.many try to put an older tax amount but I have not seen the 0000 here yet.In my office at Rens in Fort Myers, we have to fill a complete list of creteria to our processor, among others we have to make a copy of the property tax from the Lee County Appraisor. WE have also problems with realtors pretending they do not know the square footage and put a 00 and also do not disclose the lot size. A Realtor should know how to do it. There is a fair amount of fudging here I am afraid but a good Realtor will find the truth pretty fast.It is true that some properties do not have any Pid but the county does have a tax calculator so you can come up with a very close number anyway. <br /><b>Thanks for the blog!</b> Great Blog Frank.

In Lee County one may try to Fat free fudge an MLS, and therefore “reset “the number of DOM but we have a property history button over the listing and one can check if the same realtor was fudging or not.One looked like it had been 33 days on the market, but it was actually 288 days.AS far as fudging the taxes.many try to put an older tax amount but I have not seen the 0000 here yet.In my office at Rens in Fort Myers, we have to fill a complete list of creteria to our processor, among others we have to make a copy of the property tax from the Lee County Appraisor. WE have also problems with realtors pretending they do not know the square footage and put a 00 and also do not disclose the lot size. A Realtor should know how to do it. There is a fair amount of fudging here I am afraid but a good Realtor will find the truth pretty fast.It is true that some properties do not have any Pid but the county does have a tax calculator so you can come up with a very close number anyway.
Thanks for the blog!

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