BrokerageIndustry News

MLSs attack for-sale home ‘re-listing’ practices

Critics say re-listing same property is deceptive; others call it useful strategy
Published on Sep 21, 2006

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That new property listing may not be so new, after all.

Some agents are pulling properties out of local multiple listing services and then re-listing the properties with the MLSs in an effort to give the properties a fresh start in the eyes of other agents and prospective buyers.

This practice, which is referred to as "re-listing" or "refreshing," can be deceptive if it is used to give the appearance that a property has spent fewer days on the market, say critics, and it is becoming more widespread in slowing real estate markets as inventory builds up and properties take longe ...