The MLS SHOULD be fully viewable by everyone to promote transparency and fairness in the real estate market. Buying or selling a home is one of the most significant financial decisions a person can make, yet much of the critical information in the MLS database is restricted to licensed real estate professionals. By making this information publicly accessible, buyers and sellers could make more informed decisions, such as understanding property histories, market trends, and pricing data, without having to rely solely on agents. Transparency in this process would reduce the risk of misinformation or hidden details that could influence a transaction. Moreover, in today’s digital age, where access to information empowers consumers, it makes little sense to restrict such valuable data behind a paywall or membership. Public access to the MLS would build trust in the real estate process, foster competition, and give individuals greater control over their financial investments, ultimately benefiting everyone involved in the housing market.
Transparency is good, however so is the privacy and security of the home seller. Often in agent notes, there are details the public cannot have access to, period.
Why should NRA pay and maintain a site that is accessible to everyone? If you get your way, the NRA will just stop maintaining and improving the site unless they can come up with a way to monetize it by subscription fees or advertising. If that was so easy, someone else would have already created that site and made bank
@@brianl7017 The MLS should be accessible for everyone to view properties, not to list them. Real estate agents and other professionals already pay membership fees to list properties, which is fair since they earn commissions from their transactions. However, individuals who simply want to browse properties aren’t making a commission-they’re simply seeking transparency and access to information
@@brianl7017 The MLS should be accessible for everyone to view properties, not to list them. Real estate agents and other professionals already pay membership fees to list properties, which is fair since they earn commissions from their transactions. However, individuals who simply want to browse properties aren’t making a commission-they’re simply seeking transparency and access to information
When almost every seller has doubled or tripled the price of their home,I really don't think many if any buyers are going too pay those huge home prices PLUS pay closing costs,PLUS pay a big down payment,PLUS pay their Realtor also. Good luck sellers.
Unless you’re an active realtor, it’s hard to trust any data from outside sources. That’s why you are so important Ben. You speak the facts. Thank you ❤
A buyer shouldn’t need an agent. Just look online and if you like a home contact the listing agent for a showing. I don’t see a conflict of interest at all if I’m negotiating with the listing agent and he/she gets X% of the sale I know where their loyalties are- to their own pocket and that’s fine with me.
Single male buyer here. I've been in looking to buy for a few years. However that doesn't effect the deal at all IMHO. I'm not in a rush to buy because of high prices
I see NO reason why anyone should have the right to know anything about how long a buyer has been looking for a home or whatever. It's nobody's business IMHO.
First they didn’t want to tell you the closed price on the last sale so you couldn’t argue to negotiate the 100k increase the seller is asking for in 12 months is ludacris, then they don’t want to pay your buyer fees where you’re the one bringing all the money to the table, then they don’t want to tell you that their house is ridiculous priced after sitting 6 months on the market? Sellers are creating a non transparency monopoly market. And guess who the sellers are: Wall Street.
Some good ones, like this Ben guy, try to educate buyers and people in the community instead of scamming them with lies about issues in their target housing market and the homes they sell.
It took me two years to find the mountain land I wanted for my vacation home. "Days looking" is meaningless. The MLS has been considered a monopoly by some courts. It's going in that direction. The MLS should be open to anyone wanting to list their home for the standard fee and to anyone wanting to use their data for an access fee.
Looks like they are doing everything they can to make selling the house more difficult? they want to build the inventory even higher the buyer has options. Outside of florida
Why does it matter how long a buyer has been looking for a home, that’s weird, but in New England, a lot of buyers have been looking for quite some time because of low inventory and high prices.
The one thing I would think some sellers would want to have in their listing. Is it in flood zone 'X'? Has it ever flooded? What damage happened from the last 2 hurricanes and what repairs were made? Any buyer wants to know that information and if they already have that in the listing the buyer already knows if they have any interest or not. As far as price, I look at what I believe it's value was in 2020. I do expect an increase but not double. Also, I look at when did they buy the place? If it a flipper house, I have no interest. I know sometimes they try to keep some of that info off the listing.
So I have my brokers license I’ve had it for many years, not active currently but what I see happening with all of these changesis nar is going to force the advent of a new listing service that is more Internet, friendly seller and buyer friendly is going to eliminate the need for the realtors role as we’ve known it. In the past I see them struggling to survive and protect the status quo and all this is going to do is change it more rapidly to a new model Imho
@bensellin the NAR is negligent. Larry Yun least competent economist ever. R-pac couldn't buy congress? Hopefully justice department with Trump's judges and minions will reverse this BS.
In response to your question about sellers removing "days on the market" from the listings; I'd say this is the similar to perhaps wanting a loan from a creditor without wanting to disclose your credit score or your income. The creditor is going to charge you the highest rate of interest possible. There is a "risk-premium-adjustment", over an above a fair disclosure premium. In a similar way a buyer would offer a few percentage points lower price to deal with the uncertainty of "what-else-is the seller-unwilling-to-disclose". you will probably spend more on a more thorough home inspection, and the home inspector will oblidge by finding more fixings that need to be taken care off.
Sorry Ben, that's not correct. The MLS does NOT require you to join NAR. Your broker does. There is a Thompson brokerage option in Florida, Georgia & (I think) Alabama.
One of my problems with the real estate industry is that it seems to exist to keep the buyer from talking to the seller A complication is that real estate agents are uneducated , earn a fortune, and don’t do anything I want done
Looks like they are doing everything they can to make selling the house more difficult? Do they want to build the inventory even higher the buyer has options. Outside of florida
I don’t think should be days on market. Not buying eggs. So because you may have niche property and may take a while to sell you need to lower your price?
Good evening Ben, he who has the Gold rules, therefore the buyer is in the drivers seat. After all nothing happens until the buyer buys. Therefore, he who is selling will be the one paying the fee's. That's simply how business works in the real world and now the Real Estate business is changing towards a different model. Keep up the good work Ben!
Since the evolution of online real estate do-it-yourself tools, the consumers seem to believe that we Licensed Real Estate Professionals are obsolete and an unnecessary part of their home sell/ buying process. The truth is we are their tireless advocates. Our industry has always been under valued and has gotten a bad/misunderstood reputation because of a minority of bad actors. At the end of the day, I believe the consumers will be more vulnerable without the guidance and guard rails that our industry provides.
The buyer should determine what the house value is to him by knowing the market and what he wants to pay regardless of what the agent or owner wants. Never fall in love with the property or you lose.
Why would it matter how long someone has been looking? What information would the seller get that would help them? If someone has been looking for a long time it could mean they won't buy or it could mean they will only buy at their price that they want not what the seller wants. If it is only leverage to take down days on the market then I understand. I agree with that. I am not a buyer or seller just my 2 cents.
The length of time that a house has been on the market is an objective fact. I don’t know much about the process, but when the agent puts the house on MLS is a fact that can be used to start that particular click. The length of time a buyer has been looking relies on the buyer’s subjective state of mind. If one reads the real estate ads in the Sunday paper [ok, I just dated myself], is that “looking for a house”? If one spends an hour every evening for a month looking through Zillow, is that person “looking for a house”? And on the buyer’s side, it requires self-reporting. Self-reporting might be fine for the IRS because most people aren’t going to blatantly lie to the IRS. But when the risk of being found out is almost zero and the sanction for a false statement is minimal, self-reporting asks too much of people, especially in the context of US residential real estate.
That was a disturbing video on many levels. I my opinion inflated home prices are the number one problem in Real estate and it seems these out of control prices are being protected by certain forces. Seems like the hurricanes have been forgotten and it back to business as usual.
so, i have to register in order to go into the market to purchase? what? no. sounds like MLS's days are numbered. if you don't think that there will be an alternate service that will bypass this nonsense, you're not paying attention.
Since when have buyers paid the commission. To see these inflated real estate prices and then expect the buyer to pay the commission. I don’t think so. Hide days on market. Realestate is turning into pure sleaze.
I just don't understand what the point is. If somebody's willing to hold their price no matter how long it's been on the market then who cares. If somebody is willing to get their house sold even at a lower price but wants a higher price and their realtor sucks and doesn't negotiate well or they're willing to lower the price and walk out whether it's been 5 days on the market or 125 days on the market. So again I don't understand what the point is
!!!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??
Days on market only tells me how stupid the seller is. If its been on the market for a long time (some % over average, for example), it's priced TOO HIGH. It doesn't tell me that they are desperate or will take a low ball offer - just that it's overpriced.
Selling and buying are not the same, you are not comparing apples to apples. Second, I could not care less about the seller's asking price, we do not agree on the price I walk. ( By the way, I own 34 properties) I see all my purchases as a business transaction. Sellers and their brokers never release all the problems with their homes, which is the law and they should be liable, regardless if they claim they did not know, which is a lie. If they want to sell their properties, then follow the rules, Buyers we could not care less if you know that I have been looking for a year that is my problem and my money, not the sellers. The seller wants my money. PERIOD!
No way 1.1 million is 7K a month. I would like to know what interest they are using. Unless 0 down. I am surprised people still believe Zillow information is correct, even though their valuation software is 25 to 28% overpriced, and the reason is that they are selling homes and want to boost their prices. Zillow are con artists.
![Seungmin "그렇게, 천천히, 우리(As we are)" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/kAzmhLHePqU/mqdefault.jpg)
Imagine how awesome it would be to have Ben as your agent. Someone smart and honest.
The MLS SHOULD be fully viewable by everyone to promote transparency and fairness in the real estate market. Buying or selling a home is one of the most significant financial decisions a person can make, yet much of the critical information in the MLS database is restricted to licensed real estate professionals. By making this information publicly accessible, buyers and sellers could make more informed decisions, such as understanding property histories, market trends, and pricing data, without having to rely solely on agents. Transparency in this process would reduce the risk of misinformation or hidden details that could influence a transaction. Moreover, in today’s digital age, where access to information empowers consumers, it makes little sense to restrict such valuable data behind a paywall or membership. Public access to the MLS would build trust in the real estate process, foster competition, and give individuals greater control over their financial investments, ultimately benefiting everyone involved in the housing market.
Transparency is good, however so is the privacy and security of the home seller. Often in agent notes, there are details the public cannot have access to, period.
Why should NRA pay and maintain a site that is accessible to everyone? If you get your way, the NRA will just stop maintaining and improving the site unless they can come up with a way to monetize it by subscription fees or advertising. If that was so easy, someone else would have already created that site and made bank
@@JeepdudeFL some of the records are already accessible on the county’s property appraisal.
@@brianl7017 The MLS should be accessible for everyone to view properties, not to list them. Real estate agents and other professionals already pay membership fees to list properties, which is fair since they earn commissions from their transactions. However, individuals who simply want to browse properties aren’t making a commission-they’re simply seeking transparency and access to information
@@brianl7017 The MLS should be accessible for everyone to view properties, not to list them. Real estate agents and other professionals already pay membership fees to list properties, which is fair since they earn commissions from their transactions. However, individuals who simply want to browse properties aren’t making a commission-they’re simply seeking transparency and access to information
When almost every seller has doubled or tripled the price of their home,I really don't think many if any buyers are going too pay those huge home prices PLUS pay closing costs,PLUS pay a big down payment,PLUS pay their Realtor also.
Good luck sellers.
Right, and when you see me list for 250 and I paid 205 3 years ago go fvck yourself and don’t try and lowball. Not everyone is 2x/3x’ing their money
It seems like a buyer has to count his fingers after shaking hand with a realtor, present company excluded.
Unless you’re an active realtor, it’s hard to trust any data from outside sources. That’s why you are so important Ben. You speak the facts. Thank you ❤
Relators golden milk cow is drying up fast.
A buyer shouldn’t need an agent. Just look online and if you like a home contact the listing agent for a showing. I don’t see a conflict of interest at all if I’m negotiating with the listing agent and he/she gets X% of the sale I know where their loyalties are- to their own pocket and that’s fine with me.
Absolutely you can do that.
Single male buyer here. I've been in looking to buy for a few years. However that doesn't effect the deal at all IMHO. I'm not in a rush to buy because of high prices
I see NO reason why anyone should have the right to know anything about how long a buyer has been looking for a home or whatever. It's nobody's business IMHO.
Then don’t ask
It's nobody's business.How long you've been looking period
Sounds like a lgbtq person is running the realtor world*.
Why tell anyone ? Car salesman, “ how long have you been looking for a car?” A meaningless question that deserves a false answer
What's next for MLS? Price fixing?
68 little cool, lol i woke up to a brisk 43 this morning! I'll switch with you Ben.
😆😆
Always appreciate the videos Ben.
Appreciate you checking them out!
So dumb. I’m always looking. And have bought 4 times in the last 20 years. But there wasn’t a moment I said “I’m a buyer”
Currently vol. inactive Fl realtor, here. The NAR should be dissolved.
Why? They have lobbied to keep agents on 1099 IC status for decades amongst other benefits. Membership should be optional IMHO
@ actually, yes! Membership optional. MLS access w/o membership.
First they didn’t want to tell you the closed price on the last sale so you couldn’t argue to negotiate the 100k increase the seller is asking for in 12 months is ludacris, then they don’t want to pay your buyer fees where you’re the one bringing all the money to the table, then they don’t want to tell you that their house is ridiculous priced after sitting 6 months on the market? Sellers are creating a non transparency monopoly market.
And guess who the sellers are: Wall Street.
House sales prices & dates are available at county court houses & online.
99% of agents are super incompetent and don’t know how to protect clients.
I don’t think most realtors care about their clients at all. They’re in it for themselves.
Some good ones, like this Ben guy, try to educate buyers and people in the community instead of scamming them with lies about issues in their target housing market and the homes they sell.
It took me two years to find the mountain land I wanted for my vacation home. "Days looking" is meaningless. The MLS has been considered a monopoly by some courts. It's going in that direction. The MLS should be open to anyone wanting to list their home for the standard fee and to anyone wanting to use their data for an access fee.
Zillow seems to be deleting price history
Looks like they are doing everything they can to make selling the house more difficult? they want to build the inventory even higher the buyer has options. Outside of florida
Why does it matter how long a buyer has been looking for a home, that’s weird, but in New England, a lot of buyers have been looking for quite some time because of low inventory and high prices.
One thing I notice with Zillow will say Displaying 500 or 3500 homes. I am not sure how the see the other 3000.
tighten your search criteria. Are seriously considering paging through 3500 homes?
Thanks Ben.
You're welcome!
The one thing I would think some sellers would want to have in their listing. Is it in flood zone 'X'? Has it ever flooded? What damage happened from the last 2 hurricanes and what repairs were made? Any buyer wants to know that information and if they already have that in the listing the buyer already knows if they have any interest or not.
As far as price, I look at what I believe it's value was in 2020. I do expect an increase but not double.
Also, I look at when did they buy the place? If it a flipper house, I have no interest. I know sometimes they try to keep some of that info off the listing.
So I have my brokers license I’ve had it for many years, not active currently but what I see happening with all of these changesis nar is going to force the advent of a new listing service that is more Internet, friendly seller and buyer friendly is going to eliminate the need for the realtors role as we’ve known it. In the past I see them struggling to survive and protect the status quo and all this is going to do is change it more rapidly to a new model Imho
Could be. With AI now it could be even sooner.
@bensellin the NAR is negligent. Larry Yun least competent economist ever. R-pac couldn't buy congress? Hopefully justice department with Trump's judges and minions will reverse this BS.
If I lose the listing history in Zillow, I'll never buy another house again. Full stop.
Days on the market.
Should be easily researched.
The proposed change is ridiculous. How long a buyer has been looking is irrevelent.
I agree. Seems to be mostly bad brainstorming at this stage.
Was 40 degrees today and was wearing shorts on my walk .Happy Thanksgiving!!!!
Thank you and same to you!
I think the “MLS”s and the whole system needs to be overhauled OR we need more options and competition to the mls .
In response to your question about sellers removing "days on the market" from the listings; I'd say this is the similar to perhaps wanting a loan from a creditor without wanting to disclose your credit score or your income. The creditor is going to charge you the highest rate of interest possible. There is a "risk-premium-adjustment", over an above a fair disclosure premium. In a similar way a buyer would offer a few percentage points lower price to deal with the uncertainty of "what-else-is the seller-unwilling-to-disclose". you will probably spend more on a more thorough home inspection, and the home inspector will oblidge by finding more fixings that need to be taken care off.
Sorry Ben, that's not correct. The MLS does NOT require you to join NAR. Your broker does. There is a Thompson brokerage option in Florida, Georgia & (I think) Alabama.
One of my problems with the real estate industry is that it seems to exist to keep the buyer from talking to the seller A complication is that real estate agents are uneducated , earn a fortune, and don’t do anything I want done
Who’s buying homes now? I see many homes in our neighborhood that have up to 3 generations of families living together to save money.
Looks like they are doing everything they can to make selling the house more difficult? Do they want to build the inventory even higher the buyer has options. Outside of florida
Why would they care how long you have been looking to buy?
I don't see what days on market really matter. Long-time lookers have already considered it, and new people either go for it or not.
NAR is a big part of all the negativity in real estate!
How long a buyer has been looking for a house means nothing.
I don’t think should be days on market. Not buying eggs. So because you may have niche property and may take a while to sell you need to lower your price?
In their efforts to reset their days-on-market, sellers can relist all they want, but The Wayback Machine never forgets.
Ty
Good evening Ben, he who has the Gold rules, therefore the buyer is in the drivers seat. After all nothing happens until the buyer buys. Therefore, he who is selling will be the one paying the fee's. That's simply how business works in the real world and now the Real Estate business is changing towards a different model. Keep up the good work Ben!
Thanks! Buyers make the market for sure!
I’m always looking for a house so 40 years?😂😂😂
Lol, good one.
I'm 30 years.
Since the evolution of online real estate do-it-yourself tools, the consumers seem to believe that we Licensed Real Estate Professionals are obsolete and an unnecessary part of their home sell/ buying process. The truth is we are their tireless advocates. Our industry has always been under valued and has gotten a bad/misunderstood reputation because of a minority of bad actors. At the end of the day, I believe the consumers will be more vulnerable without the guidance and guard rails that our industry provides.
Very nice area
The buyer should determine what the house value is to him by knowing the market and what he wants to pay regardless of what the agent or owner wants. Never fall in love with the property or you lose.
Always be willing to walk away
Why would it matter how long someone has been looking? What information would the seller get that would help them?
If someone has been looking for a long time it could mean they won't buy or it could mean they will only buy at their price that they want not what the seller wants.
If it is only leverage to take down days on the market then I understand. I agree with that. I am not a buyer or seller just my 2 cents.
My thoughts exactly but for Ben it does soooo…..
I give it credence
I am baffled by the idea as well.
The length of time that a house has been on the market is an objective fact. I don’t know much about the process, but when the agent puts the house on MLS is a fact that can be used to start that particular click. The length of time a buyer has been looking relies on the buyer’s subjective state of mind. If one reads the real estate ads in the Sunday paper [ok, I just dated myself], is that “looking for a house”? If one spends an hour every evening for a month looking through Zillow, is that person “looking for a house”? And on the buyer’s side, it requires self-reporting. Self-reporting might be fine for the IRS because most people aren’t going to blatantly lie to the IRS. But when the risk of being found out is almost zero and the sanction for a false statement is minimal, self-reporting asks too much of people, especially in the context of US residential real estate.
All excellent points!
That was a disturbing video on many levels. I my opinion inflated home prices are the number one problem in Real estate and it seems these out of control prices are being protected by certain forces. Seems like the hurricanes have been forgotten and it back to business as usual.
so, i have to register in order to go into the market to purchase?
what?
no.
sounds like MLS's days are numbered. if you don't think that there will be an alternate service that will bypass this nonsense, you're not paying attention.
Since I was 18 years old
Since when have buyers paid the commission. To see these inflated real estate prices and then expect the buyer to pay the commission. I don’t think so. Hide days on market. Realestate is turning into pure sleaze.
I just don't understand what the point is. If somebody's willing to hold their price no matter how long it's been on the market then who cares. If somebody is willing to get their house sold even at a lower price but wants a higher price and their realtor sucks and doesn't negotiate well or they're willing to lower the price and walk out whether it's been 5 days on the market or 125 days on the market. So again I don't understand what the point is
"They" Need to stop inventing things, Stop making our work harder. Being a Realtor is not easy, Don't make it harder.
If I am asked how long I have been looking, the answer is 5 minutes.
😆😆
Realtor mafioso. The ship has sailed. 😂
!!!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this..
All the buyer has to do is stop looking and start looking at a later date.
Foolish to let someone know how long you have been looking.
I agree
Days on market only tells me how stupid the seller is. If its been on the market for a long time (some % over average, for example), it's priced TOO HIGH. It doesn't tell me that they are desperate or will take a low ball offer - just that it's overpriced.
Selling and buying are not the same, you are not comparing apples to apples. Second, I could not care less about the seller's asking price, we do not agree on the price I walk. ( By the way, I own 34 properties) I see all my purchases as a business transaction. Sellers and their brokers never release all the problems with their homes, which is the law and they should be liable, regardless if they claim they did not know, which is a lie. If they want to sell their properties, then follow the rules, Buyers we could not care less if you know that I have been looking for a year that is my problem and my money, not the sellers. The seller wants my money. PERIOD!
No way 1.1 million is 7K a month. I would like to know what interest they are using. Unless 0 down. I am surprised people still believe Zillow information is correct, even though their valuation software is 25 to 28% overpriced, and the reason is that they are selling homes and want to boost their prices. Zillow are con artists.
"Honesty and business don't go hand-in-hand," (Trump, 1995)....
Hahaha.... "code of ethics" in business???? Unheard of... baloney.....impossible..... honesty in business is funny.... ask Trump...he knows..
Use Zilllow who needs MLS