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Hallelujah! One form of our MLS Abuse Stops August 14, 2007

As I was reading our Message of the Day in the MLXchange News today.  I was thrilled to see the following change forthcoming:

On Tuesday, August 14,2007 MLXchange will implement the Cumulative Days on the market feature (CDOM).  This will represent the cumulative number of days a property shows an "active" status within the sales cycle. 

Once a listing has been "off market" status for sixty (60) days, any newly entered listing will start the CDOM calculation process at zero.  This means that if you withdraw a listing from the system and reenter it before the sixty (60) days time frame the CDOM will count the total number of days the listing has been on the market beginning with the initial listing.

The absolute beauty of this is that it will avoid the listing, withdrawing, relisting and every other form of "status" Roulette agents play.  I think it's absolutely FABULOUS!!

Hey, I have an idea... instead of figuring out a way to manipulate the system, why don't we just price them correctly to begin with.  Maybe this will give our sellers some incentive to do it right, instead of offering them a way to cover their tracks!!

Is this a challenge in other markets or is this a Las Vegas thing??

 
11 comments on ActiveRain...
Author

Sue Nelson, Broker/Associate Las Vegas Real Estate ~Team Rhino~
ERA Sunbelt Realty
Las Vegas, NV

Cell Phone: (702) 324-5440

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Contact Sue Nelson, Broker/Associate Las Vegas Real Estate ~Team Rhino~

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