Comments by Alisha Chen
Key Points:
- Zillow’s wealth and earnings count on Brokers’ and Agents’ advertising fees as buyer agents for potential clients to use them. As a result, Zillow’s loud and strong stand, like MLS’ is to lessen listing agent branding and visibility while promoting buyer agent opportunities. The stronger a listing agent’s presence, the less monetary opportunity for Zillow, Redfin and MLS. Do you think this is a healthy model to promote professional, ethical standards?
- MLS Price Gauging Penalty Charges for years – according to this video and my own experiences is very true. Their own guidelines is written so that if you use your right hand only, your left hand gets penalized. If you use your left hand only, your right hand gets penalized. If you use both hands, both of your hands get penalized. If you use none of your hands, you also get penalized. The only difference is the reason and excuses are different and they never make sense. Even if they are the ones who made the mistakes, we are still the ones getting penalized. This has been going on for years now. MLS is the monoply of the entire real estate industry. If you understand communist mentality and tactics, this is how MLS is run nowadays.
- Careless – Like this video states, MLS creates so many self-conflicting rules and regulations that it is almost impossible not to violate if Brokers and Agents seek his/her clients’ best interest. Even with hearing the present problem arising from MLS itself, which is hurting the sellers, their response is summarized as “you abide by our rules regardless”. It does not matter if they themselves violate professional standards, cause issues, ethical conduct, etc. If it is their written rule, no matter how bizarre and self-contradicting, Brokers, Agents, and Clients all have to abide. Hearing basically is just a formality that wastes time while charging outrageous fees just to be heard.
