The Real Deal New York

Posts Tagged ‘listings’

  • Some real estate agents in the U.S. are choosing not to list the properties they are marketing on national aggregation websites like Zillow.com and Trulia.com.

    Though the sites garner significant traffic — Zillow attracted 32 million visitors in January — the Fiscal Times reported brokerages have grown tired of the inaccurate information the sites unwittingly purvey. They complain that Zillow and Trulia frequently publish incorrect property details, maintain duplicate listings, fail to update the sales status of a property and allow agents to pay to put their name and photo next to listings that aren’t necessarily their own. [more]

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    From left: Barbara Fox, David Schlamm

    Real estate brokers are becoming increasingly cautious with their listing descriptions to comply with federal, state and city fair housing laws, the New York Times reported. There is no official Department of Housing and Urban Development list of acceptable and unacceptable terms, and at one time that encouraged so much caution that the agency actually sent a list of phrases that were acceptable, including “bachelor apartment.” But as social sensitivities heighten, some brokers, including David Schlamm, president of City Connections, are wary of the phrases “bachelor pad,” “fisherman’s retreat” and “traditional neighborhood.” Barbara Fox of Fox Residential Group even refers to “family” — as in, a house is “perfect for families” — as the “f” word. [more]

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  • Managers with listings

    March 14, 2011 10:32AM

    From the March issue: It has long been a cardinal rule in residential real estate in New York that those who are running the show and managing the office don’t actually sell apartments.

    While they must be licensed to do so, the thinking goes that managers are there to help train their agents, help their agents navigate deals, and divvy up any leads that come in.

    “Managers do not sell,” but instead make their money from salaries and bonuses, said Michael Adorno, a spokesperson for the Corcoran Group, about the policy at his firm, which resembles those of other large New York City brokerages. [more]

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  • Shock recedes into stubbornness

    May 08, 2009 10:39AM

    From the May issue: This past month, a real estate broker
    advertised that he would dress up as the Incredible Hulk at a Sunday
    open house, hoping an appearance by the muscle-bound monster would lure
    buyers to his listing for a Midtown condo. He even went so far as to
    place signs around the unit warning that lowball offers would cause the
    Hulk to get angry. The stunt may have been a joke, but the sentiment
    was real. This spring, despite a flurry of activity by
    bargain-hunting home-seekers, deals are still rare as buyers and
    sellers exhibit contradictory expectations. “For every one seller who
    thinks pricing will be going up soon, I have 100 buyers telling me the
    opposite,” said Paul Purcell, co-founder of Charles Rutenberg
    Realty. [more]

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  • Listings spread around the Web

    May 12, 2008 08:41AM

    The nation’s 900 multiple listing services, or M.L.S.’s, are loosening
    up restrictions on their listings. For years, they didn’t let Web sites
    display M.L.S. listings along with properties not represented by
    real estate agents, such as for-sale-by-owner homes and bank
    foreclosures. Now M.L.S. data is flowing more freely to sites like
    Zillow, Terabitz, ZipRealty and Redfin. In Massachusetts, the state’s
    M.L.S. Property Information Network recently agreed to feed data
    straight to Zillow, although it lists for-sale-by-owner homes and will
    soon add foreclosure listings. Many in the industry are fighting the
    changes, and some real estate sites, such as Trulia, fear that offering
    for-sale-by-owner listings would cause brokers to stop listing their
    properties. [more]

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