Listing Agents Adding Teeth

Avatar — Thu, 17 Apr 2008 03:32:52 +0000

In Montana that is, where a realtor group has asked the state board to review the actions of a listing broker who has violated the rules of engagement so to speak in the real estate business of the practice which was approved by the state, that all agents are to submit their listings to a broker who then consults the group which places the property in listings. The listing broker in question broke the rule by taking his listings and submitting offers to buyers without consulting the local industry thus bypassing their value in the whole deal. The norm for such transactions would have a seller hire an agent, who submits their listing to the listing agency who then is contacted by the agent of the buyers all while they are under the eyes of the realtor group and state officials. There was a circumvention of the process when the listing company got seller agents directly in contact with buyers with evidence to support it having taken place. The Montana Realty Board is reviewing the case and is set to release a statement soon.

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Listing Agents Adding Teeth