Daily Real Estate News  |  October 2, 2006  |   No More Hiding Days on Market by Relisting
RE Infolink, the company that operates the multiple listing service for the five California counties that make up the Silicon Valley, has changed a policy to make relisting a home more difficult.

Previously, all it took was paying a $25 fee to earn a new MLS number and hide the “days on market” figure. Now all homes on the MLS will display the correct days on market number unless they have been taken off the market for more than 30 days.

The change was prompted by a recommendation this summer by the CALIFORNIA ASSOCIATION OF REALTORSŪ. Relisting can mislead consumers, and it also corrupts the integrity of data on the multiple listing service, says June Barlow, general counsel for the CAR.

``We're real persnickety about keeping the data clean,'' Barlow says.

Source: San Jose Mercury News, Sue McAllister (09/29/2006)