People question how big of a problem it is that listing agents withhold their listings and sell them before inputting them onto the MLS – which denies their own sellers the benefit of open-market exposure, and potentially a better offer.

Above is a sample from today’s MLS hotsheet.

There were a total of 51 properties that were marked either pending or sold, and of those, eight were sold prior to MLS input.

  1. Sellers don’t get open-market exposure.
  2. Buyers get robbed of a chance to purchase the home that might be the perfect fit, AND then wonder why their current buyer’s agent isn’t getting those deals for them.
  3. Other agents are denied the opportunity to earn a living.

But the listing agents get to double-end the commission, so it’s allowed – at least by broker management, NAR, CAR, and the MLS itself; the entities who could do something about it – but who look the other way instead.

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