Ted Mackel's Discussions

How business is conducted in each state varies.  If this is a local custom, it does not seem like a very smart business custom.  Here on the left coast there is a 3 day expiration built in to the standard offer form.  It can be modified, but never left open without serious application of whiteout.          If a Seller cannot make up their mind in three days, the Realtor working for the Sellers ought to look for a new line of work.  I know a large majority of the other Realtors in my trade area and I am very active in our Trade Association.  I have never heard of this practice.  I cannot ever remember seeing an agreement on any business level that does not have a "Time-is-of-the-essense" clause.  Even on the commercial side when I write a LOI in microsoft word there is an expiration.

I know I am coming to this party late, but this is a violation of MLS rules.  You agreed to those rules when you joined.  You can be fined per occurance and your membership revoked.  Zillow is not an IDX feed, you cannot claim to be the agent when you do not have a listing agreement.

Barbara, Please file a complaint with your MLS.  If you are a member of Both Crisnet and VCRDS, file a complaint at each and get that turkey fined and fined good.  The agent who did this has violated MLS rules.

Rosa,  This is an MLS issue.  You need to file a complaint with the MLS.  The fines are steep and the agent can loose their MLS membership.

jzinckgra, The follwoing is a Video Blog I just put toether for my blog.  here is the Youtube link.  It will be on my site (www.homebuysblog.com) later tonight http://www.youtube.com/watch?v=BuUpnFV0YQ0 Ted MackelKeller Williams Realty