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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (40798)9/6/2005 5:04:15 PM
From: TradeliteRead Replies (1) of 306849
 
Another thing about what the public sees on Realtor.com....

Realtor.com gets its listings from local MLS systems all around the country, and I'm not sure of the timeframe each of these MLS systems uses to upload its listings to the site.

Once-a-week updates might be the norm for everyone, or only for some MLS systems. These days, MLS updates to Realtor.com could conceivably be done daily...not sure, though.

And another little fact worth remembering: state laws, local MLS rules, and the Realtor Code of Ethics require that the "true status of a seller's listing" be accuately portrayed to the public at all times....so I don't expect you'll see fudging of the data--although some people like to claim Realtors do this stuff all the time.
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