Pro consumer, delaying public listings leaves the door open for housing discrimination for one. Selling agents can use the delayed listing process to only show the home to pre-screened buyers of their choosing for a variety of reasons, some legitimate; many not. That can very quickly turn into a Fair Housing violation and swept under the rug because buyers just aren’t aware it’s happening.
I guess I don't understand the economics of this entire process. Is this a pro or anti consumer move?
Pro consumer, delaying public listings leaves the door open for housing discrimination for one. Selling agents can use the delayed listing process to only show the home to pre-screened buyers of their choosing for a variety of reasons, some legitimate; many not. That can very quickly turn into a Fair Housing violation and swept under the rug because buyers just aren’t aware it’s happening.
What is the advantage to not listing on MLS?
It lets them hide broker commissions