BrokerageIndustry News

Keeping listings close to the vest

From The Real Deal
Published on Oct 13, 2010

Editor's note: This article is reposted with permission by The Real Deal. View the original article.By CANDACE TAYLORNEW YORK -- Real estate agent Christopher Stokes Moseley recently spent months helping a homeowner prepare to sell his apartment, even talking him through a kitchen renovation. "I held his hand through the entire process," said Moseley, a senior vice president at Charles Rutenberg Realty. So he was shocked when the seller ultimately signed an exclusive listing agreement with a larger firm, saying he felt the bigger company would provide "a wider audience" than 4-year-old Rutenberg. Moseley was even more surprised to see that it took more than a week for the listing to appear on the market, an apparent violation of Real Estate Board of New York rules that require brokers to share listing information within 24 hours of signing an exclusive sales agreement. "You would expect it to show up in the system within two or three days, (not a case where) 10...

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