Monday, August 11, 2008

Old Realtors Need New Tricks - MP Reseller Listings

As if the Internet never existed, several duplicate listings on the same units are beginning to surface. What's the catch? They post different asking prices or rents!

This is a method of days gone by when third-party brokers who had a captive or exclusive buyer line-up would want their pound of flesh and pad the asking prices. If there were any ethics left in this business, this would be a case for anti-trust regulators.

Who's the loser here? The (re)sellers! Buyers with any ounce of intelligence can research these situations quickly and easily. They never come back to those properties since the funny business is a sign of ethical problems or the nature of the listing agreement.

If any of you need clarification on any unit of interest, don't hesitate to ask. It's a matter of RE transparency in Hoboken.

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