Tag Archives: broker

Green Home Building Continues to Climb, Valued at $36 Billion in 2013

canstockphoto16053461(National Association of Home Builders) – February 4, 2014 – McGraw Hill Construction, a part of McGraw Hill Financial (NYSE: MHFI), today released findings from a new Green Home Builders and Remodelers Study at the National Association of Home Builders (NAHB) International Builders’ Show in Las Vegas. Green homes comprised 23% of the overall residential construction market in 2013 and are expected to grow to between 26% and 33% of the market by 2016. This equates to a doubling in the value of green home construction over three years, growing from $36 billion in 2013 to $83-$105 billion in 2016, based on the current McGraw Hill Construction forecast for total residential construction.

According to McGraw Hill Construction research dating back to 2006, the green home building market most rapidly accelerated during the housing downturn when builders experienced in green remained in business at higher proportions than those not knowledgeable about energy-efficient and green home building. As the residential market improves, indications are that the residential market is becoming bifurcated, with green builders accelerating the depth of their green work, and new or returned entrants into the market focusing on traditional construction practices.

“Green experience was a significant part of what kept builders in business during the recession,” said Harvey M. Bernstein, VP of Industry Insights and Alliances, McGraw Hill Construction, “and now, those same firms are embracing the competitive advantage they earned by deepening their delivery of energy-efficient and green homes. We also see firms reentering the market that are using traditional home building practices versus green practices because that’s what they know. However, the broader availability of green building products and practices, a more educated consumer and an increase in activity at the regulatory level will also encourage this group of builders to learn green practices over time.”

The study shows that the top drivers to increased green home building activity include changes in codes and regulations, better quality, wider availability and affordability of green products, energy costs, and competitive advantage.

The green home building study, produced by McGraw Hill Construction in conjunction with the NAHB, is the fourth in a series that dates back to 2006. It was designed to provide key insights into market opportunities, backed by proprietary research surveys and the power of the Dodge database. The study reveals business benefits afforded by green building:

– Competitive marketing advantage: 51% of builders and remodelers find that it is easier to market green homes, up from 46% in 2012 and 40% in 2008.

– Customer willingness to pay for green features:

o 68% of builders (up from 61% in 2011) report their customers will pay more for green, with 23% reporting that their customer will pay more than 5%

o 84% of remodelers report the same (up from 66% in 2011), with 55% reporting their customers will pay more than 5% for green features.

“This study shows that more and more builders are incorporating environmentally sensitive and energy and resource efficient techniques into traditional home building practices, and we expect to see even stronger growth in the coming years,” said Matt Belcher Co-Chair of NAHB’s Energy & Green Building Subcommittee and a Builder from Wildwood, MO. “Green building expertise provided builders and remodelers with a competitive advantage during the housing downturn, and now as the market continues to recover, NAHB members stand ready to meet the increased demand.”

In 2013, 16% of builders were dedicated to green building with more than 90% of their projects green, and another 20% were highly invested in green activity with 61% to 90% of their projects green. By 2015, that is expected to increase, with 20% of builders expecting to be exclusively working on green buildings, and 24% doing 61% to 90% green work. Remodelers are also increasing their attention to green work, with 16% reporting more than 60% of their projects are green today, expected to grow to 23% doing this amount of green remodeling in 2015 and 32% by 2018.

This spring McGraw Hill Construction will publish its 4th SmartMarket Report on the green home building marketplace, which will include these findings with additional analysis and new market research data on the trends of the multifamily builder. In the meantime, key findings from the study can be found at analyticsstore.construction.com/GreenHomeKeyFindings14.

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This article was published on January 20, 2014. All information contained in this posting is deemed correct and current as of this date, but is not guaranteed by the author. Due to the fluid nature of the subject matter, regulations, requirements, laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

For more information about OnlineEd and their education for real estate brokers, visit www.OnlineEd.com

 

 

4 Oregon Real Estate Education Changes For 2013

(OnlineEd – Portland, OR) -Effective January 1, 2013 the Oregon Real Estate Agency implemented the following changes to real estate broker pre-licensing education, principal broker licensing education, property manager education, and real estate broker advanced practices education:

  1. Real Estate Broker Pre-License: Pre-license qualifying education courses taken after January 1, 2013 must have received a new approval from the Oregon Real Estate Agency. The OnlineEd® Oregon Real Estate Broker Pre-License Course is already compliant with these new rules and approved by the Oregon Real Estate Agency and the Association of Real Estate License Law Officials (ARELLO) to meet the 2013 requirements. Pre-license qualifying education is available from the OnlineEd® pre-license course catalog. Other changes recently implemented require the license candidate to make license application and pay the application fee in advance of being able to schedule a state licensing examination. The exam proctor is also responsible for fingerprinting and background check applications, which are completed during the applicant’s examination appointment. All fees paid to the exam proctor and OREA are nonrefundable.
  2. Property Manager Advanced Practices: All property managers must take the 27-hour Property Manager Advanced Practices course prior to the first active renewal of their license.  The OnlineEd® Property Manager Advanced Practices course is already compliant with the 2013 rule and approved by the Oregon Real Estate Agency. The course is found in our continuing education catalog.
  3. Real Estate Broker Advanced Practices: All real estate brokers must take the 27-hour Broker Advanced Practices course prior to the first active renewal of their license. The OnlineEd® Broker Advanced Practices course is compliant with the 2013 rule and approved by the Oregon Real Estate Agency. Broker Advanced Practices is found in our continuing education catalog. Law and Rule Required Course (“LARRC”) cannot be included in either Advance Practices course. Because licensees need 30 hours of approved education to renew, a LARRC course is still required. OnlineEd® offers LARRC free with both of the Advanced Practices courses.
  4. Principal Broker Qualifying Education, Brokerage Administration and Sales Supervision: Brokers who want to become a Principal Broker must complete a 40-hour Oregon Real Estate Agency approved Brokerage Administration and Sales Supervision course. As of January 1, 2013, this course was greatly expanded and more difficult than its predecessor. There is also a new and longer licensing exam for principal broker licensing.  The OnlineEd® Brokerage Administration and Sales Supervision (BASS) course is compliant with the January 1, 2013 requirements and approved by the Oregon Real Estate Agency. To assist in passing the licensing exam, the course comes with an exam prep module. Brokerage Administration and Sales Supervision is available in our continuing education catalog.

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 OnlineEd® is Oregon Real Estate Agency approved continuing education provider number 1038.  OnlineEd® is an Oregon licensed vocational school offering real estate, mortgage, contractor and insurance courses. OnlinEd is also the developer of InlineEd, a Compliance Management System solution for the mortgage industry.

For more information about OnlineEd®, please visit www.OnlineEd.com.

 

 

Free Anti-Money Laundering Compliance Handbook for AML, BSA, and SARs

OnlineEd

(OnlineEd® – InlineEd) – Are you confused by FinCEN’s new Anti-Money Laundering compliance requirements? Don’t be! OnlineEd® is providing a free guidebook that explains all the details of the required training ,  record keeping requirements, policies, and requirements for Compliance Officer registration.

Get Your PDF Version of the OnlineEd Anti-Money Laundering Compliance Handbook here.

Mortgage companies can develop their own training and compliance systems for AML, BSA, and SARs, but why not use ours? OnlineEd has developed a trouble-free system that can help you comply with these new requirements. OnlineEd’s® new InlineEd AML Compliance Bundle provides you with a well-written and customizable  anti-money laundering policy “template” that can be uses as your own company’s policy.  The bundle also provides a full AML compliance training course and integrated record-keeping for all of your employees. Check it out! It’s Free and there isn’t any obligation.

 Read More About the InlineEd AML Compliance Bundle

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For more about OnlineEd or the InlineEd compliance bundle, please visit www.OnlineEd.com or give us a call at 866.519.9597

Maintaining Client File Confidentiality in the Real Estate Office

(Jeff Sorg – OnlineEd) – Oregon law requires that certain client information be maintained as confidential. The ability of associates in the same office or company to represent the seller and buyer in the same transaction as single agents with the full range of fiduciary obligations necessitates enhanced protection of client confidential information.

Every real estate office should clearly have policies and procedures in place that will fulfill the confidentiality requirements of both Oregon Revised Statutes and Oregon Administrative Rules. These confidentiality requirements can best be met by establishing two file systems:

  1. Client Files; and
  2. Transaction Files.

Client Files will start out as active and eventually become inactive. Generally, these files will contain such things as client contact information and profiles, financial information, a list of properties shown to the client and why they were liked or disliked, as well as other confidential client information.

Transaction Files contain all documents relating to the transaction itself. A single transaction file is necessary for each transaction reduced to writing – whether the transaction is accepted, rejected, expired, closed or failed to close.

The following are some of the more important issues that should be considered in developing file keeping procedures for client and transaction files:

  • The principal broker must maintain the active client files. If there is more than one principal broker in the office, then principal brokers should not have access to the active client files of any other principal broker.
  • Every principal broker should maintain active client file confidentiality by limiting access to the files and by providing secure locking storage facilities. If unlicensed personnel have access to the files to assist the principal broker in carrying out their duties, they should be instructed not to discuss the contents of the files with any other licensee, unless principal broker authorization is given.
  • Active client files should be maintained separately from inactive or closed transaction files. An active client file should be established once an agency relationship has been entered into with the client. All pertinent client information should be maintained in the active file.
  • The associate who established the agency relationship with the client may either maintain the active client files under the control of the principal broker or, with the principal broker’s permission, maintain a separate duplicate containing confidential information relating to the client or transaction. In either case, licensees in the office should not have access to the active client files of other licensees. If the licensee maintains the file, the licensee should ensure, at all times, that the files are secure and not available for examination by others in the office.
  • If there is any inadvertent or intentional violation of a client’s confidentiality by another licensee, this should be reported immediately to the principal broker and should be considered as grounds for licensee termination. In addition, the principal broker should immediately report the violation to the client. If the principal broker maintains the files in a central location, procedures should be in place to make sure that only the licensee who has the agency relationship with the client has access to the file.
  • All active client files should be marked or stamped Confidential.
  • The principal broker must maintain a secure file maintenance system for transaction files relating to the sale, purchase, lease option, or exchange of real property. These files are necessary for transactions that closed escrow and those that failed to close. Only licensees having an established agency relationship with the clients of a particular file should have access to that file. If unauthorized access does occur, the principal broker should be notified immediately. The principal broker has a duty to take disciplinary action, including termination of the offending licensee, and notify all clients who were subject to the unauthorized access.
  • Confidential client information should not be maintained in Transaction Files. Instead, all confidential client information should be maintained in Client Files. For storage purposes, both types of files are under the control of the principal broker. Most information provided by third parties to a transaction is not confidential information and should be filed in the Transaction File. All other information should be filed in the Client File.
  • Transaction and Client Files can be cross-referenced.
  • The preservation of client confidential information also means that discussion of any confidential client information with other licensees, office personnel, or third parties who should not have access to confidential client information is prohibited. Violations of this policy should be immediately reported to the principal broker for disciplinary action and immediate reporting to the clients who had their confidentiality violated.
  • All discussion concerning confidential information between agents and clients must be in an environment that allows for appropriate privacy. Conversations over speaker telephones, or with conference room or office doors open should not be permitted.
  • A system must be in place to protect the confidentiality of faxes and telephone messages. This means that confidential faxes should only be sent to a fax machine situated in a private environment.
  • The same office personnel or assistants cannot assist brokers who represent different clients to the same transaction.

The utmost care and attention should be given to make sure the fiduciary responsibility of confidentiality is preserved in real estate offices of all sizes. Clients and transactions can be damaged by the real estate broker’s failure to keep files and information confidential.

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For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers, visit www.OnlineEd.com.

  This article was updated on December 19, 2014. All information contained in this posting is deemed correct and current as of this date, but is not guaranteed by the author and may have been obtained by third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.


What is a Buyer Broker Agreement?

(Jeff Sorg – OnlineEd)The buyer broker agreement, also known as buyer broker service agreement, exclusive buyer service agreement, etc.  is a contract for services between a buyer of real property and real estate broker. In the agreement, the buyer agrees to work with the broker for a specified period while locating and negotiating the purchase of a specified type of property. The agreement also provides that the buyer will pay a commission to the broker if the buyer purchases a property during the term of the agreement. The agreement can also require the buyer to reimburse the broker for expenses incurred during fulfillment of the contract. The commission the buyer agrees to pay in the buyer broker agreement is to be reduced by any fee paid to the buyer broker by the seller or other third party. The buyer broker contract can also, but seldom does, require the buyer to reimburse the broker for certain expenses incurred during the term of the contract.

The buyer broker agreement, also known as buyer broker service agreement, exclusive buyer service agreement, etc. is a contract for services between a buyer of real property and real estate broker.

In the usual case, under a typical Multiple Listing Service (“MLS”) cooperation arrangement, the listing  broker offers to pay the selling broker a specified percentage of sales price of the listed property when the sold property closes in escrow. This amount paid by the listing broker to the buyer broker is then subtracted from the amount the buyer agreed to pay, and the buyer pays only the difference. The amount offered through the MLS is a percentage of the total amount the listing broker was able to negotiate with the seller when entering into the listing contract.  There is no rule or law requiring the listing broker to disclose to the buyer broker the fee arrangement with the seller or that requires the listing broker to disclose to the seller the amount offered to the buyer broker. However, when the listing broker is a REALTOR®, the National Association of REALTORS® Code of Ethics requires the REALTOR® to discuss with and disclose to the seller the amount the listing broker is offering to the buyer broker. For example, if the listing REALTOR® accepts a listing at 7% and then only offers 2.5% to the selling broker, this needs to be disclosed to and agreed to with the seller. Under this type of MLS cooperation arrangement, although the money for the buyer broker’s fee is offered by the listing broker, it is really paid by the seller from the sale proceeds. It is important to note that the source of the fee does not determine the fiduciary responsibilities of the buyer broker. In other words, even when the seller pays the fee to the buyer broker, and absent an agreement allowing the broker to be a dual agent (one who represents both the buyer and seller), the buyer broker’s  fiduciary responsibility remains with the buyer.

A real estate broker can represent a buyer without a written agreement, but if the buyer is expected to pay the broker for services, then the broker must put the agreement in writing for if it is to be enforceable.

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OnlineEd® is a licensed vocational school offering real estate and mortgage broker courses.

For more information about OnlineEd®, please visit www.OnlineEd.com or contact Paul Cleary at 503.670.9278

OnlineEd Offers Three California Real Estate Pre-License Packages

OnlineEd® is proud to announce the addition of two new course packages for those interested in becoming a real estate salesperson in California. OnlineEd® began offering California real estate training courses online in 2006 and, up until recently, only had a one-size-fits-all package that included everything necessary to satisfy the requirements of the Califonia Department of Real Estate (DRE) and prepare the student for the California real estate salesperson licensing examination. Now, OnlineEd® is offering three different packages. The packages, which sell for $99, $149, and $249, all meet the requirements of the DRE, but contain different features.  A breakdown of each package is a little further down the page, but first we want to introduce two new features to our California real estate license training packages.

New Features

Flashcards

The first new feature is our  interactive flashcard application designed to help the learner study and retain key terms and their definitions. The flashcards are included in packages with our Exam Prep module. Flashcards can be used over and over as preparation for the state exam and have a couple of really cool features. The system has the ability to show you the term or the definition in order to test your knowledge. If you get it right, it will be removed from the deck. If you get it wrong, the term or definition gets randomly placed back into deck and will be presented again until you answer all the cards correctly. Then it’s up to you to start them over again for practice or move on to our next new feature, the California Real Estate Test Simulator.

Test Simulator

Test Simulator  is the final step in your pre-license education process. It is exactly what it sounds like. A state license exam test simulator designed to better prepare licensees for the California real estate exam. Test Simulator takes an accurate percentage of questions from each chapter of the learning material and serves them up to simulate the real estate salesperson exam.

The Packages

Each California real estate pre-license training package includes the DRE-required course material to prepare you for the real estate exam. Below is a breakdown of all three course packages:

The Deluxe Package – $249

  • Online Course Material (PDF format with the ability to read on screen or print)
  • Exam Prep with NEW Flashcards
  • NEW State Test Simulator
  • Proactive Instructor
  • First-time Pass Guarantee
  • Physical Texbooks
  • FREE BONUS: Real Estate Master IIIx Calculator

Learn More

The Standard Package – $149

  • Online Course Material (PDF format with the ability to read on screen or print)
  • Exam Prep with NEW Flashcards
  • NEW State Test Simulator
  • Proactive Instructor
  • First-time Pass Guarantee

Learn More

The Basic Package – $99

  • Online Course Material (PDF format with the ability to read on screen or print)
  • Proactive Instructor
  • DOES NOT INCLUDE EXAM PREP
  • DOES NOT INCLUDE TEST SIMULATOR

Oregon Real Estate Licensees to Maintain Their Own Continuing Education Records

Record Keeping(OnlineEd – Portland, OR) – Oregon real estate licensees (Broker, Principal Broker, or Property Manager) are now required to maintain their own continuing education records. Prior law required principal brokers to maintain the continuing education records for each of their brokers or property managers.  As of January 1, 2011 licensees must keep their continuing education records for three years from the date the renewal application and fees were received by the Oregon Real Estate Agency. And they must be able to produce a copy of their continuing education records upon request by the Oregon Real Estate Agency.

The new law also requires licensees to self-certify their continuing education. To self-certify,  licensees are required to attest on the renewal form that they have:

  • Completed at least 30 hours of real estate qualifying continuing education
  • Completed LARRC (Law and Rule Required Course), the required 3 hour course on changes in real estate rule and law as a part of the 30 hour requirement
  • That the courses completed were eligible for credit because they:
    • Were completed through an Oregon Real Estate Agency certified continuing education provider;
    • Were completed prior to January 1, 2011 and approved for credit by the licensee’s principal real estate broker, if applicable because of they were completed prior to January 1, 2011.  However, after December 31, 2012 all pre January 1, 2011 courses will no longer be eligible for continuing education credit towards license renewal; or
    • Were either a real estate Advanced Practices (required for first license renewal, but accepted for continuing education for subsequent renewals) or Brokerage Administration and Sales Supervision course (required education to become a principal real estate broker, but also allowed for regular continuing education).

As part of the self-certification, licensees must maintain all certificates of completion received from certified continuing education providers, and complete and maintain the Oregon Real Estate Agency approved continuing education record form. The form and completion certificates must be maintained for 3 years from the date the certificates were used to renew the license. This form is obtained from the Oregon Real Estate Agency Web site: http://www.rea.state.or.us/REA/EDU/docs/CE_Licensee_Record_Keeping_Form.pdf

The certificates of course completion must have the required information, which includes:

  • The name and license number of the licensee;
  • The Oregon Real Estate Agency Certified Course Provider’s name and agency issued provider number;
  • The course name and identification number as registered with the Oregon Real Estate Agency. This identification number is a four-digit identifying course number assigned by a continuing education provider, along with a 4-digit provider number assigned by the Oregon Real Estate Agency;
  • The date, location, and length of time of the course;
  • The eligible course topic(s) covered, or whether the course is the three-hour Law and Rule Required Course, Advanced Practices, or the Brokerage Administration and Sales Supervision course (“BASS”); and
  • The name of the instructor who taught the course.

Licensees are also required to renew their licenses online at the Oregon Real Estate Agency’s Web site by using their e-Licensing system.

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For more about OnlineEd® or to visit their Oregon real estate education catalog, please visit www.OnlineEd.com.
OnlineEd® is Oregon Real Estate Agency Certified Education Provider No. 1038

State-Specific Mortgage Continuing Education Deadlines

OnlineEd

Most states abide by the NMLS standard continuing education deadline, which is December 31st, however OnlineEd® encourages MLOs to take note that there a number of states that have an earlier annual CE deadline.  Early state CE deadlines include:

Georgia: October 31
District of Columbia: November 1
Kentucky: November 30
West Virginia: November 30
Delaware: December 1
Iowa: December 1
Kansas: December 1
Puerto Rico: December 1
Vermont: December 1
Idaho: December 15
Washington: December 15

How to Get an Oregon Real Estate License

OnlineEd

(Jeff Sorg, OnlineEd® – Portland, OR) – You must have an Oregon real estate license if you want to conduct real estate activity for compensation within the state of Oregon. Oregon’s entry level real estate license is a real estate broker license. Oregon does not have a real estate salesperson license. To qualify for a real estate broker license, you must complete a 150-hour Oregon Real Estate Agency approved pre-licensing course from an approved provider, clear a background check, and pass the state licensing examination. Once these requirements have been satisfied, you become eligible to apply for your real estate license.

Your approved course will contain seven topics of study: Agency, Contracts, Real Estate Law, Practice, Brokerage, Finance, and Property Management. The Real Estate Agency requires mastery of each topic from an approved school. Approved schools must be licensed by the Oregon Department of Education as a career school and have approved vocational instructors to teach the course. Oregon permits these courses to be delivered in a classroom, by correspondence, or over the Internet. Internet and correspondence schools must have their course delivery method approved by the Association of Real Estate License Law Officials (ARELLO). A real estate finance course completed in another state after 1973 by a community college, college, or university can be accepted to meet the finance course requirement. No other out of state courses will be accepted in lieu of the other mandatory course requirements.

Your background check can be denied if you have had a criminal conviction, have had a state license revoked or suspended, have been disciplined by a professional body, have filed for bankruptcy, have fallen behind on child support payments, or if you have been involved in civil lawsuits that would give the impression you are less than honest. Licenses are granted on a case-by-case basis in Oregon and you will be given opportunity to explain any adverse background check findings. Just because you have filed for bankruptcy, for example, that is no reason not to make application and go through the background check process.

To conduct professional real estate activity in Oregon you must obtain a real estate license from the Oregon Real Estate Agency. This can be done by following these steps:

  1. Enroll in the OnlineEd® course and submit your license application to the Oregon Real Estate Agency sometime before completion of your coursework.
  2. Complete your OnlineEd® Oregon real estate pre-license training course and confirm with OnlineEd® that you have submitted your license application to the Oregon REA.
  3. OnlineEd® will upload your electronic eligibility file and required personal information to PSI, the licensing exam proctor.
  4. Schedule and pay for your licensing examination by contacting PSI.
  5. Sit for the licensing exam at the PSI location you select.
  6. At the PSI exam center, pay for fingerprinting and the required background check.
  7. PSI will submit your fingerprints electronically for the criminal background check.

Oregon has licensing agreements with Alabama, Alberta, Colorado, Georgia, Idaho, Montana, Nebraska, South Dakota and Wyoming. If you hold a resident real estate license from one of these jurisdictions, you should contact the Oregon Real Estate Agency for information and special conditions about obtaining an Oregon real estate broker license. In most cases, you will still be required to complete the Oregon educational requirement, but you may receive waiver on the national portion of the state licensing exam.

OnlineEd® is an Oregon licensed vocational school located in Portland, Oregon. The OnlineEd® Oregon Real Estate Broker Licensing course is approved by the Oregon Real Estate Agency and Association of Real Estate License Law Officials (ARELLO). The course is approved as competency based and is not time monitored. You will be able to work at your own pace without online timer distractions. The OnlineEd® Web site can be found at www.OnlineEd.com. To view their course delivery method and online course demo, go here: https://www.onlineed.com/prelicense_demo. To request a free packet of information about obtaining your Oregon license, go here: https://www.onlineed.com/free_OR_Prelicense_packet.

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 OnlineEd® is Oregon Real Estate Agency approved provider # 1038 and an Oregon licensed vocational school.

For additional information about this article, please contact OnlineEd Inc., at (503)670-9278, (866)519-9597 or by email to mail@onlineEd.com

RMLS.com to Display Ads, But Does that Benefit Member Brokers?

Portland, OR (Jeff Sorg, RMLS Member) –Regional Multiple Listing Service (RMLS) of Portland, Oregon announced it has begun displaying advertisements on its public website, www.RMLS.com. RMLS does give the assurance, “The ads that appear on RMLS.com are not ads of competing real estate companies. Rather, they are businesses that are complimentary to real estate and not direct competition.” They went on to offer examples of some of their advertisers, which include the likes of Home Depot, Ikea, and Crate and Barrel.

Visitors who navigate on over to www.rmls.com to check out what they describe as a “none dues revenue” system will eventually find an advertisement from a real estate auction company, LPS Auctions (www.LPSauctions.com).   A few clicks of the LPS Auction web site will transport any visitor to all the information needed to submit a bid on one of  their auction property listings. No assistance from a real estate broker is required or encouraged.  The LPS Auction FAQ page has no obvious notice that the visitor should contact their RMLS member broker to obtain the required auction paperwork, to help with offer preparation, or to submit a bid.

Screenshot with Auction Banner

There is one FAQ, “What if I have a real estate agent or broker?” but that is an instructional paragraph about everything required by the broker in order to get paid a fee, which includes having to register the bidder at the LPS web site. There was no apparent incentive or encouragement to be found for the visitor to stop and contact their real estate broker for registration or assistance with the auction process.

The benefits of advertising on RMLS.com for this particular advertiser are obvious, but the member brokers are sure to be left wondering how they will benefit from allowing this type of advertising when their clients end up at a real estate auction site.

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