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Should a property be exclusive?

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Real Estate Professional | 16 Sep 2015, 08:15 AM Agree 0
The use of exclusive listings is not something much discussed, but this home-selling technique does have its proper place
  • Peter B. Realtor | 16 Sep 2015, 02:40 PM Agree 0
    No issues with exclusives when appropriate for the seller (usually where funds are tight and the co-op funds are not available) but what burns my a** is when so called "professionals" pre-sell a property then list it on the MLS as sold conditional with NO escape. If a property is pre-sold and unavailable, it should not be on the MLS, as in principle this practice does violate the spirit of the MLS. If the MLS is to ensure competition and accessibility, who do boards, especially TREB allow this unethical practice? With these type of stupid policies, we won't have to wait for the "competition board" to dismantle Real Estate.
  • Mike Turner | 17 Sep 2015, 11:48 PM Agree 0
    Hard to believe, but I started out in a market almost completely exclusive. Here is the breakdown:
    MLS Residential Home Sales

    YEAR Sales AVG Sale Price % of MLS Sales - % of EXCL Sales

    2008 - 76 - $167,655 - 33% MLS - 67% EXCL

    2009 - 62 - $204,276 - 36% MLS - 64% EXCL

    2010 - 59 - $202,569 - 36% MLS - 64% EXCL

    2011 - 88 - $220,395 - 44% MLS - 56% EXCL

    2012 - 70 - $222,426 - 33% MLS - 67% EXCL

    2013 - 62 - $239,847 - 31% MLS - 69% EXCL

    2014 - 89 - $241,258 - 48% MLS - 52% EXCL

    Very anti competitive environment and buyers are "excluded" from having proper representation. With MLS the buyer has a choice if they want dual representation.
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