The Rules Don't Apply

Posted by Dave Fratello on Monday, September 10th, 2007 at 6:51am.

Let's say you listed your home in July, snatched it right back off the market for the month of August, and later brought it back.

Is that a "new" listing?

For MLS purposes, there are rules. For the Greater South Bay Regional MLS, frankly the rules appear vague. Certainly, they are not enforced. But our neighbors to the north, who established the CLAW MLS (Combined LA/Westside), have a really clear rule:
If a listing expires or is withdrawn then put back on the market by the same listing agent within sixty (60) days, then the Change Type must be Back on Market (BOM) as active, not NEW. (emphasis added)
The realtor/owners of 869 3rd know the local rules. They listed their home as "new" on Sept. 6 (MLS #S954253), even though they first listed it July 30. MBC wrote about the home at the time of the first listing, then found it had disappeared. (From the MLS, that is.)

MBC had even noted recently that the home was still for sale, with a sign out front, but concluded the realtors must be using other means to market the home. We dropped it from our "Market Update" spreadsheets.

And then it was back – with 0 DOM.

There are rules for these sorts of things, but you don't really have to follow them. Who knows that best?
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