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Sold data isn’t a right, agents say

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Real Estate Professional | 16 Mar 2015, 09:14 AM Agree 0
An overwhelming majority of sales reps believe sold data should be kept private – despite calls from industry players and the public alike to open the MLS.
  • Tony | 16 Mar 2015, 11:40 AM Agree 0
    Complete Monopoly by the RE boards ...needs to be busted up asap .... court hearing soon!
  • PrivacyConcerns | 16 Mar 2015, 11:46 AM Agree 1
    This article is a troll.
  • | 16 Mar 2015, 11:46 AM Agree 0
    Sold data i.e. price does NOT have to be published on MLS. Clients Sellers and Buyers can say NO to having this data published and the sold price will not appear. Just simply put $0.
  • wxxxx | 16 Mar 2015, 11:52 AM Agree 0
    The unfortunate reality with every commodity based industry (wholesale or retail) is the fact that
    the pricing is plastered all over the Internet. Door hardware to real estate - to mortgages to furnature. So why should the Realtors be left out of the fun that the rest of the world is having (ya sarcasm)
  • | 16 Mar 2015, 11:54 AM Agree 2
    No. We the agents pay for the organization and supply of all of this data. We also pay for and torontomls. which the public thinks they should just have the rights to. We pay for these websites and systems with our yearly fees of which we pay plenty. No other professional group gives away all their proprietory information to whoever wants it without a fee. In theory we as a group of realtors across the country could just refuse to pay our fees to CREA, OREA, TREB and all the players that take money off us every year. Although in reality this wouldn't work it would be quite curious to see just how fast all these systems and organizations including all the mls websites simply collapsed. The public would have no info to gripe about. Fact is we are the front end people on the street doing the real work and we with our fees pay to keep our brokerage doors open and all of these admininstrative people from our local brokerage up to CREA and the rest with good weekly pay cheques. It's called organized real estate. While I myself am not satisfied with how thinks work and frankly I am fed up with paying all the fees and constant education costs I am nailed with while being treated like a commodity by the uneducated and in some cases very ignorant public I won't be quitting yet.
  • Cathy | 16 Mar 2015, 12:04 PM Agree 2
    What is the privacy act all about if anyone and their dog has that kind of financial information about sellers available to them easily. It is available from Land Records offices if they want it.
  • | 16 Mar 2015, 12:10 PM Agree 0
  • | 16 Mar 2015, 12:13 PM Agree 1
    This information should not be made public, for the privacy of sellers and also the respect of the Real Estate professionals. Realtors have trained and paid for these services just like and professional, other professionals wouldn't want their tools for their business publicized.

  • Steve | 16 Mar 2015, 12:14 PM Agree 1
    If the public wants access to sold information on our MLS system and puts any pressure on our local MP's its only a matter of time before CREA and OREA capitulates and surrenders all the information to them. We have seen them crumble on just about every other issue that's affected us, what's one more. I for one have to ask myself what am I getting for my board fees every month. Maybe its about time we amalgamate every real estate board in Ontario into one single board and cut our fees into one fee per year. We take all our courses on line now, our offices broker load every single listing, the only reason I ever have to stop by the board is to buy a lockbox. I'm so fed up with the industry which gives everything away for free, and charges realtors up the kazoo. This industry forces agents to seek work elsewhere or work part time, because its getting harder to make a living every day. This will certainly cause the trolls on this website to be overjoyed because they believe we're all overpaid anyways and our jobs are soon to travel the same road as the dinosaur.
  • Madeleine Huven | 16 Mar 2015, 12:18 PM Agree 1
    We pay a high price to obtain and manage the information we need in order to do our business. While a property is on the market the public needs to know every detail about it, except what is personal to the seller. After the sale we have no obligation to inform the general public about any of the details of the sale; on the contrary! The sale of a property is a personal business between the buyer and the seller, with the broker as facilitator. How can it be reasonable or correct for the broker to broadcast any detail of his/her clients' business without the clients' express permission?
    What's more, as brokers we have a right to protect our property, which is the professional information we need, pay for, manage, and use in the services we provide to clients.
    Who can force us to give it away?
  • Gord | 16 Mar 2015, 12:18 PM Agree 2
    Just a couple of points from a 35 year veteran. I say this with utmost respect. If being a Realtor is such an easy job, and we are so overpaid, why doesn't everyone do it? I don't need to go into all the aspects of what it takes to sell real estate year after year but the simple bottom line is it can't be that easy or everyone WOULD sell real estate for a living.
    My second point refers to the sold data and a few complaints that the Real Estate Boards have a complete monopoly. Here in Alberta anyone can go online to Alberta Land Titles and, once a sale has been registered, for a couple of bucks they can check the sold price of any house in the province. Organized Real Estate has paid millions and millions of dollars for the systems and data we use. If some members of the public want sold data then go online, pay for the information from your province the same way we pay for our MLS System, and get it from your provincial land titles office. Hard to understand why some think they should get it for free??
  • | 16 Mar 2015, 12:25 PM Agree 1
    The Multiple Listing Service® is not public domain. It's the property of the real estate board that created it, and is for the sole purpose of providing tool to a REALTOR® who belongs to the real estate board. The website that people refer to as "the MLS®" is advertising paid for by REALTORS®. Anyone can create their own advertizing website (Zillow - Trulia in the US) and pay to aggregate information, but you must be licensed to act on behalf of a principle in a real estate transaction.

    Big data would love to have access to all the information paid for by real estate boards for free, when in fact they can obtain the information from property registrations, or obtain it from individuals who wish to use their services. The big telecom companies are doing this by becoming brokerages, and aggregating information on their website, capturing clients online information and charging real estate agents huge fees for leads. Lots of these big data players would love to get this info for free - but is that fair or right when they add zero value to the industry?

    The public wants open access to a data feed from a professional organization for free? I say this is not a problem; anyone who wants to know what homes sold for in their neighborhood can contact their local REALTOR®, who will be happy to provide them timely updates on sold prices. REALTORS® do unpaid work 90% of the time, and are only compensated when they successfully complete a transaction.

  • Mike | 16 Mar 2015, 12:55 PM Agree 1
    As others have already said, it is available now for a price from land titles. This keeps the nosy neighbors and nosy relatives/friends from doing multiple searches as there is a cost. As far as the MLS system, that is a Realtor owned and paid for system for doing our jobs and should not be touched. If the public wants free access lobby for free access to MPAC records. two different things.
    As a Realtor is is not legal for me to advertise what a property sold for without express written consent from BOTH Buyer and Seller.
    Those in the public who might for whatever reason want this info at there fingertips, need to ask themselves if they want everyone they know or dont know having access to there personal information.
  • CKay | 16 Mar 2015, 01:01 PM Agree 1
    The Sales Data is the property of REALTORS®. We make the sale occur. We record the sale. We collect the data. It's ours.

    We don't collect data on FSBOs, so that is not included in our proprietary information.

    I think the general public should ask CocaCola for their secret formula, or McDonalds for the the Secret Sauce, or Google for their stats on searches etc.. Or better yet...Demand it. I don't think there would be much discussion there.

    No wonder the response is overwhelming.
  • Don | 16 Mar 2015, 01:10 PM Agree 0
    Agents are protecting their profession ( I use that term 'profession' loosely) and will fight tooth and nail to keep people in the dark. Is that all they have to offer clients??. Its no secret MLS alone helps sell most homes. Like travel agents, realtors are on their way to becoming extinct.. Information empowers people, and should be available to everyone seeking it. Once this info is widely accessible, people will quickly see the true usefulness of realtors. Like an appendix, they're rudimentary.
  • jeff | 16 Mar 2015, 01:12 PM Agree 1
    Not sure why some folks think the "Real Estate people" have a monopoly. Or why folks think the Sales data from the MLS should be "public"

    there are numerous other methods of selling your home, privately, through web sites that offer that service, or non licensed companies. Your uncle can sell your home for you , as long as he does not charge you for it.

    The MLS is not publicly owned, nor is it government subsidized. Nor are the various boards and associations or crea publicly owned, or publicly funded. The only people who pay for the MLS system to operate, or for the boards and associations to operate are the 95,000 Real Estate Agents across the country who pay membership dues and fees to their local RE board, provincial RE assoc and CREA the Canadian Real Estate assoc.

    the Multiple Listing system was designed by agents, for agents, as a peer to peer information sharing tool to use in the course of their business.

    The system is bought and paid for, by Real Estate agents through their yearly dues that they pay to their respective boards, provincial assoc and CREA. The MLS system has been around for a long time, but it has only been since the advent of the Internet that everyone seems to think that this information is now public domain and should be given away. Prior to the internet that "MLS" information was shared the hard way between the companies via phone/ fax/teletype, ( remember that one) etc

    The system was developed by the industry to help agents to be more effective and efficient when working for their buying and selling clients.

    Yes ,the sold information can be had by going down to your local property registry office at your provincial building but it is not organized and it is a lot of work to source out the information a person is looking for. The only reason I can think of for the Province to collect that information is for taxation purposes, and as such they have to make it public , but they don't have to make it convenient.

    But Folks think the Real Estate Industry people should just give it away because it is Organized and convenient. But it is collected, stored and organized through the Real Estate agents efforts, for the benefit of their future buyer and seller clients, why oh why would we give it away. If the government ever mandates that we have to make our data base public, then the government can then start paying my dues, cause right now that is what is paying for the system to run.

    Depending on the provincial Offer to Purchase there is a clause where the buyer and the seller consent to the collection use and disclosure of the sale information of the transaction for the purposes of Reporting, Appraisal and Statistical purposes. It also says that if on the MLS system then the same consent is given to the Real Estate Board and /or association. Says nothing about about making it accessible to the general public. Also the buyer and seller have the right to decline that consent, it is not mandatory.

    you know it is funny how people complain about "Organized Real Estate "
    but you know what the opposite of that is ?? "Disorganized Real Estate"
    wonder which is better.

    sorry for being long winded.
  • Derek Gillette | 16 Mar 2015, 01:22 PM Agree 1
    After 20 years in the business I find transparency is key.

    From the start of my carer I have rallied behind pushing listing information so buyers and sellers can make more informed decisions. However I have a different view when it comes to Sold Data. If you are a true professional you quickly see that the data alone is missing many supporting details, it is the professional REALTORS job to interpret this information as an example we have all had a cold jumping online to do a quick self diagnosis and after a quick search you feel worse finding you have 3 more health related issues then you did before. Its your doctors job to determine what you have and what is needed and or send you to a specialist for further diagnoses. An educated REALTOR in my view is this specialist.

    After 20 years as one of the top REALTORS in Canada I like to consider myself a specialist. I use industry specific enterprise software made only for REALTORS to help me consult to my clients and I spend at least 30 minutes a day on the software so I know what is going on, our roles as REALTORS has changed and unless you want to simply be a facilitator rather then a consultant to your clients I suggest we all spend time on market trends.

    I sit with every client no exceptions and show them specific trenlii graphs relating to sales and trends in our local market, they walk away informed and love the transparent view of the market that I have showed them through the software. A better informed client works side by side me through the buying and selling process its a better approach.

    Simply giving sold data is irresponsible to our profession and not helping anyone.

    Derek Gillette

  • Privacy_in_Law | 16 Mar 2015, 01:34 PM Agree 1
    Privacy is a right in law.
    Privacy applies to your health information, your financial information, your children't information.

    Consequently, while an argument, in law can be made to sell 'market' data (as per antitrust legislation), you may not know data that could identify a person, a person's residence, or would expose a person's financial information or situation.

    I may see stock market data. But in seeing that stock market data, I don't have the right to know who bought what stock, at what price, and from whom.

    The problem is that the public wants to see data that would deny a buyer or sellers right to privacy.
  • dg | 16 Mar 2015, 01:52 PM Agree 1

    Don. I don't disagree that the role is changing and I support this change, any great REALTOR would.
    That said I have been in and followed most major technology events over my 22 years as a REALTOR and consider myself a leader in this area even building some technology companies to test alternatives. What you are saying has been said for 20 years. unfortunately for the billions spent from those that have tried and failed is only because of the lack of information and understanding that brings about this type of comment.
    However If you have created a company or are building a portal that supports this new shift please share, unfortunately using the travel industry where you book a $10,000 trip as an example of a disruptive technology is not even close to Real Estate, of course I should correct my statement as some Mobile homes are in this value range and could be where you derive your experience.

    The closest I have seen a company come to changing the industry is Zillow in the U.S. because of a very fragmented MLS system but even with 70% of the consumer traffic they still have realized the importance of the Real Estate professional.

    So Don we will see a shift but REALTORS are a very adaptive and important group to the flow of Real Estate and those that see this opportunity will actually do better not worse with our clients benefiting from this and that's all I care about.

    I look forward to seeing this disruptive technology or business your building thx dg
  • judy | 16 Mar 2015, 02:00 PM Agree 1
    After almost 30 years in the real estate business and paying these atrocious dues for what? I have come to the conclusion that CREA caves on just about everything, and the weaker they are the more the more we pay, in more than financial ways.
    The "sold" data is available to buyers/sellers once they have been qualified by an agent on Private Client Services through Interface, many of those people are very unmotivated, but they have the data.
    Let the "snoops" talk to a realtor and get pre-qualified or buy the information through the Assessment Authourity, or how about paying the individual listing and selling agents on that property $100 for each property they access, at least this might pay some of our dues or allow us to put away something for our old age.
    Let's put it out there, we deserve some respect!
  • nrs | 16 Mar 2015, 02:51 PM Agree 1
    Make no mistake, MLS data is NOT free to real estate agents, who must collectively incur costs for these systems.

    There is a word that describes the mindset that believes and vocalizes entitlement to the fruits of what others sow - it is called Communism!!!

  • Remax-Ryan | 16 Mar 2015, 03:37 PM Agree 1

    The lines of value can get even more destorted than they already are in the publics eye! when a realtor looks at sales data they don't just see a sold number & they certainly don't just pick a house that looks the same on the same street. The act of actually dissecting data and imputing that of at least 3 comparable properties into a comparison worksheet is the missing equation. Real Estate Appraisal is not like comparing tv or electronic prices online. We use equations to Plus & Minus- for the actual value i.e. extra bedroom, finished basement, all fixtures and finishes, is it backing onto a ravine or the house across from it, how about the 'affective age' of i.e. the roof or furnace; this equation starts with the full price of the i.e. furnace divided by the life span (25) years then multiplied by the remanning life to find its value & one of the most important and often overlooked is the time calculations i.e. it sold 4 months ago; what is the equation for market increase/decrease per month, multiplied by time since sold. These are courses that we take to appraise the Value of Real Property properly!
    All of these cost adjustments can't be done properly or probably willingly by the consumer searching for a home and therefor the lines of true value get even more distorted. We as realtors need to be allowed to do our job and be relied upon to represent the consumers interest not only in evaluating property but with contracts and negotiations. There's nothing worse than paying too much or accepting too little for your home. Factors like Appraisal, Contract Law, listing strategy, marketing techniques, Conditions to add or cross out, knowledge of the community and the homes within it along with networking are what your Realtor will bring to the table and they will separate Emotions from the sale. Emotions, unprofessionalism and a lack of knowledge are what get most sellers who use a 'self listing' service into trouble.

    Do you know what to do to protect yourself in every situation i.e. what conditions to add? are you fully versed in property and contract law? Do you know how to properly appraise the value of a home using one of the three principles? Are you insured for errors and omissions i.e. home owners who list their homes are far more liable for errors and things that they didn't disclose than a realtor. Realtors act as your shield when trading in Real Estate. Would a Spartan go into battle without his shield and knowledge of battle? If you are thinking of trading in Real Estate, Just call a Pro & Rest Easy :) After all professionals are there to make our lives easier.. Delegating is the key to success, for we are only one and there are many!
  • Tony | 16 Mar 2015, 04:18 PM Agree 1
    You can start by going after Teranet, who seems to think it owns the information contained in the Registry/Land Titles offices in Ontario. The Liberal Government should be held accountable for selling control of the Land Titles/ Registry system to Teranet, without the input, knowledge and consent of the public. Where were the realtors when the Ontario Liberal Government sold control of the information highway to Teranet? Now that Teranet has a monopoly on all property transactions registered in Ontario's Land Titles/Registry offices, all realtors are being held hostage by Teranet, and forced to pay usurious fees for sales information that is owned by the public.
  • | 16 Mar 2015, 04:18 PM Agree 1
    As a professional Realtor selling Real Estate for over 20 years I am well aware there are many reasons why a property sells for the price it sells for. Putting sold prices out to the public who don not know the actual circumstances around the sale will give the public the wrong impression of what there house is worth. There are Realtors for good reason and that reason is to keep fair pricing and terms for the public when selling or buying properties. Prevent chaos do not put sold prices out to the public. The ramafications would be disasterous!
  • andrew | 16 Mar 2015, 07:53 PM Agree 1
    No POOP, really, we pay a fortune in energy, time, experience of learning and are regulate, dictated and told, what to do and not do and that we are not exclusive, but we are, to give exclusive IDENTIFIED SERVICES with inundated rules and tremendous useless paperwork that should maybe be considered understood (agency, willing buyer and seller, co operation, do not call agenda and e-mail carp, and PRIVACY and the rest) but lets mAke the rules skewed new and onerous and diversified and complex and ridiculous, stupid and converted again, and create a whole new reality so pencil pushers and lawyers and governing bodies and government themselves keep themselves employed and the hell with the MLS original ideologies and the front line guys being the actual guys doing the work, realtors, the ones that are accountable and liable, those are the guys you want to screw if you are in the upper echelons in privileged jobs real people don't want because half of it is crap.
    Why isn't there a bounty on every realtors head for ever political powerhouse
  • Karen Tereck | 17 Mar 2015, 08:27 AM Agree 0
    We, in Winnipeg, have our largest local newspaper that wants Realtors to post their sold listings. The Wpg Free Press will put in a large ad with photos FOR FREE. over 250,000 subscribers would see it every saturday. You would think Realtors would jump at FREE advertising. BUT we need permission from both seller and buyer to do this as this information is considered private and should only be used for future marketing evaluation purposes only by realtors and appraisers. In 100% of my own cases when I asked, both the seller and buyer said NO, they didn't want their sale price published in public view for everyone to see. Why...because they thought it was none of anybody else's business what they sold for or paid for THEIR house. They realize people will find out if they had to...they could go to land titles if they had to, but most people wouldn't bother. Back to the free advertising comment in our local paper.....every saturday you might only see one Realtor that posted a sale ad and I would bet my last dollar, they didn't ask the seller/buyer and got in trouble after. I usually don't see the same agent twice. I would think the whatever governing bodies are making this decision, they should concern themselves with the real seller/buyer and not satisfy a curious general public. If any surveys are done, make sure the question is asked "Would you like your house price or purchase price made public after you sell or buy". i think you will get a different answer than just asking if the MLS should post sale prices for public viewing.
  • Kurt Repchull | 17 Mar 2015, 01:29 PM Agree 1
    I'm just curious, how is it a monopoly exactly? I'm aware a many optional ways for consumers to find, buy and sell real estate. Just google it and you can easily find them.
  • Free the Info | 18 Mar 2015, 11:10 AM Agree 0
    The Competition Bureau is fighting the information to be public so there must be a reason!!!?? The americans allow the information to be viewed by public..
  • Tony | 18 Mar 2015, 12:36 PM Agree 0
    Yes, I know. Sold data available through the Land Records offices, but they charge a fee for each property, and I don't want to pay for the information!
  • Marjorie McKay | 18 Mar 2015, 03:53 PM Agree 1
    In Alberta the information is public record through land titles if you do not have a real estate license. You have to wait for the house to close before you can get that information though. For all the fees we pay realtors should have some advantage and reason for people to call us. If you want to know what something sold for just ask a local realtor.
  • PEEGEE | 18 Mar 2015, 06:14 PM Agree 1
    Buyers and Sellers have enough access to prices through their REALTORS in assisting them with pricing when selling or buying a home. Beyond that, let anyone else go to the registry office!
  • FREE THE INFO | 19 Mar 2015, 10:13 AM Agree 0
    The world is changing ...value,return is important and 20,000-50,000 is not justified by any agent
  • | 19 Mar 2015, 03:28 PM Agree 1
    The sold price is valued information for realtors but should definately not be made public. We pay a great deal of money to belong to the real estate business and our data should be kept within the real estate agents and brokers.
  • Barbara | 19 Mar 2015, 09:47 PM Agree 1
    MLS shudn't be public its info that should be kept by the Board and only released to buyers signed on contract
  • $1,000 transactions | 20 Mar 2015, 09:38 AM Agree 0
    Seems they are holding onto the only thing that keeps their monopoly. Look up resales and charge/ask 4-5%!!??

    This is what we are paying for is to look up reasles...that is worth $500-$1000 MAX!!!!!! Lawyers do more legal and justify their 1,000 fees but a agent need 20,000-50,000 to look up resales!!
  • Jack | 21 Mar 2015, 09:01 PM Agree 0
    Since when data is free? The record of sold properties, in Alberta for example, is a public record. All you have to do is pay $10, per title search, to access that information, through the Alberta Registries and the land title office. Imagine building a data set, at $10 per pop. and then offering it free on your website. Good business plan?

    All this non-sense about free public data is just that: nonsense.

    It took a lot of money through the membership fees to pay for this data.

    Now you have a few agents who decided to cash in on this data, by sitting, on their rear ends, in front of a computer. If, as the so called experts claim, this data does become “free,” it will quickly degrade in quality and become junk data. Whom will this serve?
  • EGO | 21 Mar 2015, 09:59 PM Agree 0
    no matter free or not no one is worth 20,000-50,000 to sell real estate. Prices of home went up not the value or service of realtors.

    accountants,lawyers provide similar service,information,advice and they don't make those kind of fees
  • Robert | 22 Mar 2015, 03:47 PM Agree 0
    The title of this article is very misleading. Agents are not increasingly divided, the vast majority of the agents want to protect their clients’ privacy, as well as, protect the integrity of the information on the MLS. IF the MLS is opened to all for input, the accountability will be lost and, over time, MLS will become just another site full of junk information. If this were to happen, the industry will need to find a new way to protect the integrity of the data which agents share among each other and advise their clients about very important decisions. If the data in the MLS system becomes unreliable, what next?
  • Jean | 22 Mar 2015, 04:12 PM Agree 0
    Boards do not have a complete monopoly on the sales information. It is available to the public through the Land Registry System - for a fee. Funny that the Government and the privately owned data systems that keep the registrations are free to charge for the information, but you feel that the real estate industry should provide it for free. So go to the Land Registry office and look up what you want to know and pay the $8 per search. Or the next time that you call a Realtor for "free" information - be prepared to pay for it.
  • Grace | 22 Mar 2015, 04:18 PM Agree 0
    You are free to pay a fee for service in the Real Estate Industry as well. You pay a retainer and the realtor's costs such as milage, signs, advertising, , supplies, etc. and when the amount is used up you add to the retainer. If the property doesn't sell - you absorb the risk - not the Realtor - who's money was invested in order to sell your property. The Realtor gets paid for his costs and earns a salary at no risk to themselves. That way there should be no complaints about what you think a Realtor earns.
  • Wilf | 23 Mar 2015, 12:31 AM Agree 0
    The law governing the Real Estate industry in Ontario is The Real Estate and Business Brokers Act 2002.
    The act specifically states that advertising/disclosure of sold price requires written permission of the Buyer and the Seller.
    The sold price is available on the Toronto Real Estate Board's MLS system for the purpose of allowing member to prepare a comparative market analysis.
  • App for buying and selling | 23 Mar 2015, 09:57 AM Agree 0
    I would be happy to pay 500-1,000 for the comparable analysis and post it on MLS. Especially for condos where it is 4 walls,doors and status certificate. No matter what a agent can tell you the health,function can change later. Same goes for a detached or semi..

    Many agents are doing this because they have too eat and their is a consumer demand too save ...if u watch the news even the stock market is computer generated for their decisions...soon enough the role of a agent will be less and less..
  • Jim | 25 Mar 2015, 09:31 AM Agree 0
    Sold statistics are available to the public through land registration records. Why should a realtor organization open their system to the public which was paid for with private dollars? Are corporations or business owners expected to provide market data to their customers so that their customers can determine whether to buy their product or service? On a further note- many real estate boards report the selling price to their members once a property has been contractually sold BUT not yet closed. I believe this is also wrong as it does not serve the Sellers interest in the event the transaction does not close. The Seller should have the ability to instruct the sale price not be divulged until the transaction has successfully closed.
  • Bruce Dougall RE/MAX Kelowna | 25 Mar 2015, 10:30 AM Agree 0
    If the public wants Sold data...let the public collect it. (however that is possible) But for the data that Real Estate Boards collect....that belongs to us. We paid for it. We keep it.
  • Free the info | 25 Mar 2015, 10:33 AM Agree 0
    It is going to happen because the information is accessible one way or another. The issue is if agents weren't so greedy for years no one would be pushing or if they didn't sign up so many agents who have to eat ..they are forced to lower their fees to compete for the crumbs created by the greedy ones.. the egos walked around like they invented the wheel not thinking what would happen to their industry and now they will lose in the end..

    Commission wars!! More Agents!! Bidding wars!!

    Plus, consumers are not seeing their wages rising like the monopoly of the realtors who act like without them real estate transactions would to the stock brokers,travel agents ..consumers need their money for their own kids,mortgages etc..
  • Derek | 25 Mar 2015, 12:22 PM Agree 0
    The only reason the Sold data is in the MLS system is we told the seller and buyer if they go MLS we get the information to use, they went along with it because they thought we were going to use it professionally , otherwise who would want everyone knowing what you sold or paid for your home. I would say it could also put a seller at a disadvantage when they sell. Also why don't all the free sites, property guys etc provide sale prices . Lastly as a Realtor do you want it published to the general public what you sold or bought you property for, I think not.
  • More effecient and less cost | 26 Mar 2015, 07:57 PM Agree 0
    All models of trading anything these days is moving to a more efficient service at a much lower cost. Trading real estate is no exception and the quicker the few tour guides realize that they can save their industry.
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