NAR objects to 'Today' show report on sales 'tricks'

Barbara Corcoran advises buyers to ask about listing price, days on market

National Association of Realtors President Ron Phipps says NBC’s "Today" show unfairly disparaged Realtors and misled viewers in a segment that aired this week.

The segment, "House Hunting? Don’t Fall for These Tricks," began with a discussion of the latest Standard & Poor’s/Case-Shiller National Home Price Index, which showed home prices "double dipping" in the first quarter.

"Today" show host Matt Lauer then launched into a discussion with former broker Barbara Corcoran about how information submitted by real estate agents in marketing a home in the multiple listing service (MLS) may be misleading to consumers.

Corcoran said buyers should ask their agent if a home’s listing price was its original asking price, and whether it’s recently been relisted. Corcoran said that while most Realtors are honest, MLSs often don’t provide such information on a listing’s history to consumers.