Why does that agency keep advertising stuff that is sold?
A disgruntled consumer called in with this irate question: What gives with you real estate agents? I just picked up a Real Estate Journal (Ad magazine published locally) and half the stuff in it is sold! I had an agent check it out–some of it was marked as “Pending” in the MLS back in December. And then, I went to the XYZ Company website–what a joke that is! Half the stuff on there is not only sold, it was sold two years ago. This is bait and switch! Answer: It is hard for me to determine why another Realtor is advertising property which is pending, without knowing more details. Sometimes, a house is sale pending, but is “subject to” inspections, appraisals, possibly even the sale of the buyer’s own home. In that case, the owner may instruct his agent to continue to market his house. The Code of Ethics, SOP 3-6, requires Realtors to disclose to other brokers seeking cooperation, the existence of accepted offers, including those with unresolved contingencies. I understand that this is
