Who Checks the MLS Data that The Realtors Control

Who Checks the MLS Data that The Realtors Control and Won’t let the public have access to even though, you the Real Estate Consumer REALLY created the data?

What is the MLS Data, the Days on the Market, the Sold prices, and all that coveted information used for?

The MLS Data is KING. The Sold Prices in the MLS is used for Home Loans, Home Equity Loans, the Secondary Loan Market, and the Entire financing community at the ground level and no one watches it, or even tries to make sure it is accurate. The “Collapse” that Realtors were TOTALLY a big part of and now they are advising your government on, for NAR is the Voice of Real Estate Right? NOT….

Anyway, this Collapse was to do with Greed, with loans given to high on property that Realtors and Appraisers overvalued, the Lender knew it was happening and let it happen. At first they followed their 10% Game, whereby the knew that the appraiser would be high, and that was ok if it was around 10 percent and a reasonable price increase, well this just built on itself over and over and false home prices skyrocketed and the Realtors said BUY Buy BUY and the Real Estate Consumer trusted the Voice of Real Estate and now their homes are worth wayyyyyy less and the Realtors are saying NOW is the Time to Buy.

The National Association of Realtors is NOT your True “Voice of Real Estate” as they claim to be. They tell you to buy in every market, they need your money, they need your listing, they need millions of Eyes on advertisers on their websites. NAR has accreditation and lots of ways to create the illusion that they are highly educated and of a “Higher Standard” but none of it is real and NONE of it in ANY way is of any use to the Real Estate Consumer.

And Salt to this wound, when you are hurt by a Realtor they are TEFLON, nothing sticks to them and when you spend years fighting for what they SOLD you in the first place as they claimed it to be, well during this time the Realtor is stress free and Selling lots more property to lots more folks and you are having sleepless nights and putting all your time and money into fighting for the Rights that the Real Estate Consumer should automatically have but No One Cares and No One is Listening.

Even Days on the Market is used as averages, standards and as part of national information and stats and it is No Where Near Accurate, the Realtors let listing expire and re-enter, or drop the listing and put it in again to make the DOM, days on the Market look current so when the STATS say that the National Average Selling time it … or the Realtor brags how fast they SOLD a particular listing, it may have been on the market for years. There is one in the Local MLS here right now says New Listing, It has been listed on and off for 9 years, it is just one of those listings but it is now marketed as the newest - hottest thing going.

There is so much false, misleading, inaccurate and useless information in the Multiple Listing Data Base that the Realtors claim ownership of and this data is used for a whole lot of statistics that play a big part in many aspects of our life. The MLS Data and it’s accuracy, you would think would be a High Finance - High Priority but it is NOT.

No one checks the data, no one monitors to see if the right price is entered and there are many loopholes to create false data, and hey if no one is EVER looking then the Realtors can do as they Please. And if you catch them and call them on it…. No one cares… I told my local MLS of bad, fraudulent data, I told the Realtor who entered it and NOTHING changed. They all just ignore me, I am a Broker Owner, I was the Designed Representative within my association of Realtors, so if they will NOT listen to Me then who will they listen to? No one that matters to the Real Estate Commission.

The MLS Data is The Most Important Thing and it is the Base for EVERYTHING… and Everyone seems to ignore the importance for its accuracy and integrity.