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On my MLS, I noticed a small trend of agents cheating the Days on Market clock by inputting the incorrect parcel number.
If they put a different parcel number, the DOM/CDOM would reset to 0/0
One agent used this hack on two of his mcmansion listings on the same day, resetting the 120/120 days stale listing back to 0/0 to make it look like a fresh new listing.
What they would do is, if the parcel number was 111111111, on the renewed listing the next day, they would put 111111101, and that would reset the clock.
Pretty shady wouldn't you say?
And here's the rub- it takes forever for the MLS compliance team to take action on misleading information like this after it's been reported.
It's been 9 days since this other listing used the parcel number hack, and the MLS crew still hasn't fixed it.
Location: Sarasota/ Bradenton - University Pkwy area
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My area MLS system has a notice button for reporting possible compliance issues and yes, they do address them in a timely manner (especially the more serious violations like manipulating DOM).
Market days manipulation is a serious offense in our MLS, with serious fines and potential suspension from the MLS for repeat offenses.
That being said, the Miami area MLS apparently handles things differently:
People are always trying to game the DOM counter. Wasn't there a big hub-bub down in Miami over The Jills manipulating it? I'll never forget the time when I was a new agent and I was looking at a listing on Morningside Rd and I thought it odd that the address was in all caps. As I was new, I had no idea where that street was and clicked on the map button on MLS which promptly told me it had no idea where that street was either. It's simple . . . there is no M0RNINGSIDE RD. The reason the address was in all caps was because the agent had substituted the "o" in the street name with a zero to fool the DOM counter into thinking this was a different address. Pretty scummy.
Anyway, if you see violations don't be afraid to report them. If we don't police our industry then who will?
On my MLS, I noticed a small trend of agents cheating the Days on Market clock by inputting the incorrect parcel number.
If they put a different parcel number, the DOM/CDOM would reset to 0/0
One agent used this hack on two of his mcmansion listings on the same day, resetting the 120/120 days stale listing back to 0/0 to make it look like a fresh new listing.
What they would do is, if the parcel number was 111111111, on the renewed listing the next day, they would put 111111101, and that would reset the clock.
Pretty shady wouldn't you say?
And here's the rub- it takes forever for the MLS compliance team to take action on misleading information like this after it's been reported.
It's been 9 days since this other listing used the parcel number hack, and the MLS crew still hasn't fixed it.
When I was looking at homes I saw some homes have a different DOM counter after they were “staleâ€
On my MLS, I noticed a small trend of agents cheating the Days on Market clock by inputting the incorrect parcel number.
If they put a different parcel number, the DOM/CDOM would reset to 0/0
One agent used this hack on two of his mcmansion listings on the same day, resetting the 120/120 days stale listing back to 0/0 to make it look like a fresh new listing.
What they would do is, if the parcel number was 111111111, on the renewed listing the next day, they would put 111111101, and that would reset the clock.
Pretty shady wouldn't you say?
...
The way I discovered this was when I save a listing that I'm interested in to my desktop, I name it the date and address. For example, say I find a property at 123 Elm Street. I save the URL under the name March 1 - 123 Elm Street. It shows 100 views and has been on the market for 100 days. When I revisit it, it shows 20 days on the market and the views are also reset.
That is how I now shop for properties. I save and then revisit. You can't trust greedy RE agents. At times it seems you can't trust anyone.
Agents in my area routinely cancel and immediately relist to reset the DOM clock to zero. The combined days on market doesn't reset but they do it anyway and the MLS oversight apparatus turns a blind eye. The greater manipulation in my market is rainmaker production numbers. There are teams with multiple agents who credit all production to the rainmaker or add her as co-list to everything so she appears on Zillow to have 500 recent transactions and a bazillion dollars in production. Jane Consumer contacts the experienced agent with the big numbers and is handed off to a lesser-experienced team member and in many cases never meets the person whose Glamour Shot they clicked on at Zillow. The real estate business never cleaned up its sleazy underbelly. The stakes are too high to expect everyone to behave honorably.
Agents in my area routinely cancel and immediately relist to reset the DOM clock to zero. The combined days on market doesn't reset but they do it anyway and the MLS oversight apparatus turns a blind eye. The greater manipulation in my market is rainmaker production numbers. There are teams with multiple agents who credit all production to the rainmaker or add her as co-list to everything so she appears on Zillow to have 500 recent transactions and a bazillion dollars in production. Jane Consumer contacts the experienced agent with the big numbers and is handed off to a lesser-experienced team member and in many cases never meets the person whose Glamour Shot they clicked on at Zillow. The real estate business never cleaned up its sleazy underbelly. The stakes are too high to expect everyone to behave honorably.
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