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

Critics say re-listing same property is deceptive; others call it useful strategy

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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 longer to sell. Proponents of re-listing say it can be a useful strategy for attracting fresh attention to a property that has remained on the market for a prolonged period, as it may have been overlooked by agents or buyers when it was first introduced. And they say re-listing can be especially beneficial when a property re-enters the market with a substantial change in price, for example. Whether re-listing is an acc...