There was recently some information posted that Forsalebyowner.com is going to allow fsbo's to place receive placement of their homes on realtor.com. But with the hard work that Realtors put in to attempting to get their listings sold, there is cause for question regarding this possibility. BUT... here is what has just been released from NATIONAL ASSOCIATION OF REALTORS.... PLEASE READ to clear the air... We'll see what happens next. Anyone with further information, please feel free to post!
This is from the front page of REALTOR.org:
Daily Real Estate News | November 13, 2008 |
NAR: ForSaleByOwner.com Statement Misleading
A press release distributed Nov. 12 by ForSaleByOwner.com erroneously and misleadingly claims that REALTOR.com is allowing FSBOs to be posted on its site. That claim is false. REALTOR.com and the NATIONAL ASSOCIATION OF REALTORS® have asked ForSaleByOwner.com to retract its incorrect press release immediately.
There is no formal partnership between ForSaleByOwner.com and REALTOR.com.
REALTOR.com is the official consumer Web site of the NATIONAL ASSOCIATION OF REALTORS® and is operated by Move Inc.
No FSBO Listings on REALTOR.com
REALTOR.com only includes listings from multiple listing services (MLSs), which are cooperative listing databases maintained by and for brokers who are in the business of helping consumers buy and sell real estate. There are no "for-sale-by-owner" homes on REALTOR.com, nor would they qualify to be submitted to a REALTOR-owned and operated MLS.
MLSs, as participating data content providers to REALTOR.com, decide which of the listings in the MLS they will distribute to REALTOR.com.
Because no property can be listed on REALTOR.com without first being listed in an MLS, and since all properties in the MLS are listed by a broker, every listing on REALTOR.com is listed by a licensed broker. That would apply to properties supplied by ForSaleByOwner.com to licensed brokers who enter the listings on an MLS. In a case such as this, the ForSaleByOwner.com listing is not a "for sale by owner" listing but a broker-represented listing.
Erroneous Connection to Pending Lawsuit Settlement
In its Nov. 12 press release, ForSaleByOwner.com refers to a settlement agreement pending between NAR and the U.S. Department of Justice on the display of listings on brokers' Web sites.
"The DOJ-NAR settlement benefited consumers by giving them access to Realtor.com without the expensive cost of a commission fee," says Greg Healy, vice president of opreations at ForSaleByOwner.com.
In fact, there is no provision in that pending settlement agreement that allows unlisted properties, such as "for-sale-by-owner," to be posted on REALTOR.com. The settlement agreement, when final, would not allow "new direct access to REALTOR.com," as the statement incorrectly claims.
Deborah Boza-Valledor, CIPS,CRB,CRS,GRI,TRC
Chief Operating Officer
Realtor Association of Greater Miami and the Beaches, Inc.
700 S. Royal Poinciana Boulevard, Suite 400, Miami, FL 33166
Direct 305-468-7080 Cell 305-439-4667 Fax 305-468-7081
Teresa King Kinney, CAE, RCE, CIPS
Chief Executive Officer
Realtor Association of Greater Miami and the Beaches, Inc.
700 S. Royal Poinciana Boulevard, Suite 400 Miami, FL 33166
Direct line 305-468-7010
Cell 305-218-0123 Fax 305-468-7070
mailto:tkinney@miamire.com
http://www.miamire.com/
Besr Regards,
Jill Doppel
Principal, Ambassador Properties, Inc.
AMBASSADOR PROPERTIES,
Jill Doppel, Principal Broker
845-546-5875

Tatiana - 18 Feb 2008 This is a phone number of a fraudulent company, who represent themselves as "Money Tree Funding LLC". This company does not exist, it is not registered in US as such. It is a scam targeted for realtors, where they offer solid buyer leads in exchange for a modest payment, such as $20, 25 per lead. Their so-called "website" is just a front and does not have any business at all behind it. They first send you an e-mail and them call you. Do not get victimized by them!! Caller: Money Tree Funding LLC Caller Type: Telemarketer