Special offer
Sally K. & David L. Hanson, WI Real Estate Agents - Luxury - Divorce  (EXP Realty 414-525-0563)

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Rainmaker
1,661,936
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Thankfully not in my world.

May 20, 2015 04:44 AM
Rainmaker
4,572,183
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Sally and David - YIKES!   I've heard of some odd MLS stories -- interested to know if this phenomenon is in other areas -- not ours, thankfully...at least yet.

May 20, 2015 02:30 AM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

The MLS doesn't but our Agency relationship to our principals certainly does as do individual state real estate laws. 

May 20, 2015 01:11 AM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

That is not a rule in our MLS.

May 20, 2015 10:31 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Sally K. & David L. Hanson - as far as I know, our MLS does not interfere with that! And we do leave a comment when such things happen - please allow sufficient time to respond to offers. Simple!

May 20, 2015 01:41 PM
Ambassador
3,164,294
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

That seems like complete crap to me.  REOs often go on the market and won't accept offers for X # of days and then for X # of days will only accept from owner occupants... does your MLS think they can take those homes off the market too. While I think it's wrong for an agent to place demands about when offers can/will be presented certainly the sellers have EVERY right to do so and it should be disclosed like you said it was.

May 20, 2015 01:32 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I think your board needs to take action with your MLS. I don't know how things are structured with your board and MLS, but I would be looking at what you could do to get things changed. 

May 20, 2015 01:29 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Not that I know of.  Nor is there a time frame in which a seller must view a PA.

May 20, 2015 01:19 PM
Rainmaker
5,868,554
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Listing agents in Denver are listing when they are presenting offers, as listings are not out there longer than a day or so. 

May 20, 2015 12:42 PM
Rainmaker
443,220
Cindy Davis
SD Home Source Realty - San Diego, CA

No. Agents are free to handle offers as they wish.

May 20, 2015 11:17 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

No, we are governed by our state rules that say offers must be presented in a timely manner.  Though, in situations where the party is unavailable, there's little any one can do.

May 20, 2015 06:06 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

ours does not.... all offers must be presented....period...

May 20, 2015 05:49 AM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

No, not here on Kauai. I wonder if your MLS is over-stepping legal boundaries on this. Your client should not be restricted in setting the terms for their listing unless it violates state law.

May 20, 2015 05:13 AM
Rainmaker
699,277
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Just have buyer extend the response time on the contract.  Most of our customers are not here.

May 20, 2015 02:22 AM
Rainmaker
1,543,823
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

No. But in a sellers market, the listing agents sure do. They often post due dates for reviewing offers when they anticipate multiple offers; which is greater than 75% of our listings since November 2011 in my area of San Diego.

May 20, 2015 01:39 AM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I've never heard of this. We are supposed to present all offers "promptly," but what that entails in terms of time is not identified. Most of our offers have a deadline by which we need to respond, so we typically back up from there.

May 20, 2015 01:12 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Sally,

If I understand your question, you perceive the local MLS wants any home for which an offer has been written be suspended from the market. 

Now that will drive a most certain change in process in that area because, those who have no intent of buying can cause other, perhaps competing homes, or homes they want placed in a hold status, removed from ACTIVE status. That will be extremely damaging to the seller.

Clearly that is not the intent.

What your MLS may be attempting to establish is a maximum delay and if response is expected to be in excess, the home really is not available for sale. Much in the same spirit as placing a home in the MLS and not allowing showing for 2 months. Allowing such a practice paralyzed the thinking of most buyers if they know the house around the corner will be available and it MAY be the perfect one.

Of course, there are few rules imposed by the MLS that can not be circumvented.  So, restructure the process to benefit your seller.

Be aware, many foreclosed properties were marketed and SOLD with exactly the same provision and listed in the local MLS.

 

May 20, 2015 12:55 AM