Coming Soon Opinions

Read the blog below:

Anthony:  Coming soon, should they be allowed? There’s a big, big vote tomorrow here at the National Association of Realtors Annual Conference in San Francisco. I just came out of a meeting. There’s some people walking out there and there’s a big vote. I want your opinions on this. I want you to comment below. Let me shed some light and then you guys give your comments and tell me what you think because I will be attending the meeting tomorrow. I won’t be voting. I’m not on that committee, but I’m curious to hear what you guys think.

The actual vote is on this, should realtors be required to notify their MLS within 24 hours of putting a listing out publicly as a coming soon? Not necessarily 24 hours of signing up although your local MLS might say that like ours does in Massachusetts MLS PIN, but should you be forced to notify your MLS within 24 hours of putting the property out publicly?

Now, that doesn’t mean within your office. If you have some type of internal database in your office where you can put properties that are coming up, we have one we call it our pre-list, agents love it. Once you put it out on Facebook with a picture and you say, “This property in Wall [unintelligible 00:01:02] or Worcester or wherever, Nash [unintelligible 00:01:04] is coming soon,” then you would have to send it to the MLS and they would put it into some sort of coming soon database.

Should that be the case, that’s the vote tomorrow. I am dying to hear your thoughts on this. It’s a controversial topic. I’ll admit I’m a little bit back and forth on it. I’m not usually like that with different policies, but this is definitely something that has very good arguments on both sides of the aisle. I was just standing talking to the head of legal for all of the National Association, Katie Johnson, and with another gentleman, Charlie Dawson. We were discussing it and there’s no doubt there’s good arguments on both sides. That’s the vote I’m curious to hear what you think.

Do you like coming soon? Do you think that the association or the MLS should create uniformity? Should they have rules around this like we do with everything else so that we all cooperate or should agents be able to advertise them as they wish, and then they don’t have to be in the MLS until they’re officially going on the market?

What are your thoughts? Please comment below. I’m going to put two good blogs on it. One is one that Charlie just gave to me. The National Association write up that has a great Q&A that I actually just read to get more fresh on it.

Then there’s another article that Jay Thompson did. He wrote this week in Inman and it was well written. I don’t agree with every point Jay made, but I think he wrote it well, and Jay really thinks things through. I’m going to put those below, please put your comments and let me know what you think. We’re all very curious here. Thanks, guys. Talk to you soon.