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Geoff's Gibberish

Blog by Geoff Gurney
Florida

Keep up to date on issues of concern to Emerald Coast Realtors.

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RE: The Problem of Posting MLS Links on Social Media Sites
Good stuff, Geoff. Overlap problems will occur wh...
RE: The Problem of Posting MLS Links on Social Media Sites
Bro Geoff.. Good point about advertising...REALTOR...
RE: The Problem of Posting MLS Links on Social Media Sites
 Great article. Very good information. We are...
RE: Virtually Everything You Need to Know about VOWs
Just to clarify....only a broker can have a VOW, n...
RE: The Problem of Posting MLS Links on Social Media Sites
Brother Geoff...I would like to compliment you on&...

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Geoff's Gibberish

The Problem of Posting MLS Links on Social Media Sites

May. 4, 2009

I discovered when I started college that most people who work with computers aren’t very social… or I should say weren’t very social. These days, I can be a social butterfly without having to go anywhere, or make idle conversation, or even dress up (actually, ever since my wife took the animal tags off of my clothes, I’ve had a lot of comments on how “special” I dress). The truth is, more and more people like computers more than people. I guess that’s why there are so many computer dating services, though why anyone would want to date a computer is beyond me! 

Realtors, on the other hand, are generally very social. They are usually quite friendly (except seemingly to each other), often think they have a great sense of humor, and are occasionally even funny (by the way, before you take offense at this, please know that I am NOT talking about you!). But, Realtors historically haven’t been the most receptive to new technology. In the “good old days” I could gather a group of Realtors with one quick “free food” call, then clear the room twice as fast by saying “but you have to use a computer to get your food!”
 
Those days are long gone.
 
Realtors now embrace technology. In fact, I’m constantly learning about new sites from members. There are some great tools on the Internet – Blogspot, Audacity, Facebook, Twitter, Youtube, Flickr... the list goes on and on. Some of these tools are cool because they’re useful, free, and easy to use. Others are great because they are perfect for marketing in an age where newspapers, radio, and television have been replaced by RSS feeds, Pandora, and Youtube. 
 
Social media sites seem to be the most popular sites for Realtors these days. What better way to market to socio-phobics than to meet them in their own world? Posting a comment on a local real estate discussion board is a great way to show your knowledge of the market. And who isn’t interested in reading about what’s happening in his or her own neighborhood? 
 
But, when it comes to sharing listing information on these social media sites and discussion boards, you need to keep in mind that these sites are not your own website. The rules that allow you to display active listings on your own website don’t apply to these other sites. In order to advertise another broker’s listing, you must have that broker’s permission. If you don’t, then you are not only breaking the MLS Rules, but you may also be violating Chapter 475. And that means you could be hearing the most offensive four-letter “f” word there is for a licensee… FREC!
 
But don’t worry, Brother Geoff is here to help you. Just keep in mind that Brother Geoff (also known to nobody as “Bro Geo”) is not an attorney and knows nothing about real estate license law, so his advice will be based on how to avoid breaking the MLS Rules on advertising. How you apply this to general advertising requirements under Chapter 475 is between you, your attorney, and your DBPR investigator.
 

First, it’s important to understand that there is a difference between what you provide to a prospective customer and what you put in a comment you post for everyone to see. What you give your prospect – whether in person, by email, or through some other means – is a real estate service (speaking in terms of MLS Rules, not licensing law). If what you are presenting is available to anyone who happens to see it – through the newspaper, on your website, or in your comments on a local real estate blog – then it is advertising. 

 
You have permission to display other brokers’ listings on your website and your company’s website through the MLS Rules. But that permission doesn’t extend to any other websites. This means that there are things you can do on these other sites and things that you can’t do.
 
Let’s start with what you can’t do. You can’t dress up as a pixie and go trick-or-treating on Halloween… oh wait, that was a discussion my wife was having with me at home the other night (who knew that some people find this behavior odd?). Let me start over…
 
What you can’t do is post a link to a listing report you generated through the MLS directly on one of these social media sites. MLS rules only allow you to post listings (or links to listings) on your own website or your office website. Let me mention, though, that this only applies to other brokers’ listings, so if you want to create a link to your own listings, you are welcome to do so (just make sure that you are meeting other advertising requirements).
 
What you can do is post a link to a page of listings on your own website. Depending on your IDX solution, you may be able to link people directly to MLS search results (Solid Earth’s Gateway product has this capability). So, if you want to share all of the foreclosures with your Facebook friends, just send them to your website. This is where you want them to end up anyway.
 
When used responsibly, technology is a wonderful thing. Remember, you are always a Realtor, even on the Internet. You still have to follow license law, you still have to follow the Code of Ethics, and (most importantly, if you ask me) you still have to follow the MLS Rules.
 
If anyone asks you why, you just tell them that Brother Geoff said so. Then, when they stop laughing, you can give them some other reason.

Virtually Everything You Need to Know about VOWs

Feb. 24, 2009
By now you’ve probably read one or two emails about Virtual Office Websites, or VOWs. There are lots of things to understand, but, since even the concept has proved challenging to relay, I’m going to skip most of them.

Short Sale Saga: Don't Shoot the Messenger

Feb. 2, 2009

Most of us are familiar with a shooting gallery, you know, with the ducks that move across the screen… er, I mean range. There are usually several rows, with some rows moving faster and others slower. If one of the rows happens to stop, then you have a sitting duck (okay, I just made that up, what you really have is a dead duck).

To me, and to those brave souls who volunteer to sit on an MLS committee, short sale listings are like the ducks in a shooting gallery – a moving target. It seems like we just get a handle on this relatively new phenomena when something else comes up and we have to reevaluate our position. The best and most recent example of this is the policy regarding short sales under contract.
 
The MLS committees have been very deliberative in their consideration of short sales (and I say “committees” because the Commercial MLS Committee played a big part in crafting a policy). Every recommendation that either group submitted to the Board of Directors was thoroughly debated as its members considered all of the ramifications of their actions. To all of their credit, the handling of short sales in the ECAR MLS system is as good a solution as any, and better than many.
 
But the target keeps moving. Reports from the field indicate that “this” is now happening or “that” is now occurring. Everyone is frustrated because the lenders’ policies change (not to mention their seeming inability to get a deal done).  A successful transaction relies heavily on the listing Realtor’s relationship with the lender. All of this happens in an environment of stress and perceived personal failure.
 
So, when the MLS Committee was presented with a passionate plea to allow short sales under contract to remain active, the debate was intense. The issue actually had to be continued to a special meeting. And this was not the first discussion on contingent short sales. Ultimately, in light of the seller’s plight and news of continued change in lender policy, the MLS Committee agreed to allow these listings to remain active.
 
But the row of ducks moved, and it didn’t take long before I started to feel like we were on one of the rows that stopped. Ultimately it took a visit from the Good Father Chesser to help us straighten things out. It seemed fitting since the Good Father (that’s with two O’s… we’ll have none of THAT) had been our point person in the past when trying to get short sales in our sites (I’m beginning to regret using this analogy).
 
Just so you don’t think this is totally worthless dribble (or at least no more so than usual), I’ll answer a couple of questions that may have come to mind. Please note that even if you don’t list short sales, please read the answer to #1 since it calls on you to take action.
 
1.      If I have to place a short sale listing in contingent or pending status, how do I continue to market the listing like it indicates in the addendum? This question has a two-part answer. First, it’s important to understand that, although the MLS is an avenue to market a listing, it is not the only avenue (it’s also important to realize that marketing a listing is not the primary purpose of the MLS). Secondly, and this is the part of the answer relies on everyone participating, if you put the listing in Contingent status, those agents with buyers looking for short sales will know that they should search Contingent listings too.
2.      What was the overriding factor that caused the MLS Committee to change its mind? For legal reasons, I try never to discuss how a committee or the Board of Directors reached a decision, but thanks for asking.
3.      What are you, some kind of an idiot? Answer my question! Okay, since you pressed, with answer #2 in mind, I will share with you what I think was the overriding issue, but keep in mind this in no way represents what the MLS Committee was thinking. Because our attorney recommended that we not allow them to be left in active status. 
 
I think everyone understands that there is a lot at stake here. It would be nice to think that every one of you could be the “Super Realtor” that swoops in and saves the day. Hang on to that thought. But also remember that there are (at least) two sides to every transaction. You have to be sure that neither the buyer nor the seller feel like the sitting duck. By the way, the February 2009 Florida Realtor Magazine has a good article on short sales. Check it out here.

A Twisted View of Responsibility

Aug. 19, 2008
Tagged with: ethics, listings, mls rules
Sometimes you have to step up to the plate and take ownership of an issue.

The Long and Short of the Short Sale Status

Aug. 7, 2008
A question came up recently as to handle a Short Sale listings in the MLS when a buyer has made an offer and the seller has agreed to send it on to the lender. May the listing agent leave a listing as active until the lender has made a decision? Here is the answer: