Some homeowners want to sell to a neighbor or family member without broad advertising
So? Why should they need to broadly advertise it? It's a private property transaction. It's not like it's government public property.
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Some homeowners want to sell to a neighbor or family member without broad advertising
So? Why should they need to broadly advertise it? It's a private property transaction. It's not like it's government public property.
A truly private transaction is different from what is being discussed here because it doesn't involve an MLS listing at all. The issue is agents trying to play both sides by keeping ostensibly "public" listings inside the brokerage so they get both commissions, which is a practice explicitly banned by every real estate ethics body. Simply put, if you use MLS then you need to show the property to anyone who asks to see it. You can't just say "we are only going to show this to a preferred client list" or instruct the sellers to disregard offers from other agencies.
Right. The sentence I quoted was kind of wedged in with the reporting on what you're stating. So it seemed like associating the two, and I didnt really see the direct private sale as something to have lumped in (to report on as something nefarious).
Because that's how redlining happens.
https://en.wikipedia.org/wiki/Redlining
I think an HOA would be right up your alley.
No, dude. Redlining is about banks not lending to people in a discriminatory fashion. The first sentence in your link:
Redlining is a discriminatory practice in which financial services are withheld from neighborhoods that have significant numbers of racial and ethnic minorities.
I quoted a line specifically about the home owner (a person, not a bank or a coporation) having a specific buyer in mind. Not at all the same thing. Even if the owner lists it publicly, the owner still decides to whom they sell the property. Otherwise you would have property-holding companies out there suing to force the sale to them as the highest cash bidder. Forcing a public MLS listing is regulatory capture forcing buyers and sellers to pay a commission to a middle-man when there didn't need to be one.
HOAs can fuck off and so can you.
Agreed. Private transitions are private.
You should see yourself out before my taxes increase.
I know you weren't replying to me, but .. what?
From what I've seen, government involvement in a new, prohibitive cause generally seems to result in additional spending paid for via taxes.
Honestly regulating businesses to ensure fair and ethical competition and trade is something I like my tax dollars being spent on.
I'm not sure honest regulation is a thing. If it was, I'd surely agree with you.