Properties are being hogged from the Public Market.

[Darius Kellar]

I've notice that properties are being sold with the printed line "pending at ink" which means the seller accepted an offer before the property gets released on MLS. 

What I believe is really happening, is that properties are being held back purposely from the public market and hogged to limit other people from buying it, which could have a negative effect on a realtors commission. Realtors will get the listing and instead post it to the public for fair game they use their personal contacts to sell the house. I think this should be banned and at least have a 2 or 3 day mandatory MLS posting period before an offer is accepted. 

Although Iv'e seen this many times. I only mention this because the houses that are selling with the "pending at ink" label, could have sold for easily double the amount in a matter of days. 

[Russell Brazil]

Originally posted by @Jay Hinrichs:

in most markets private sellers dictate what an agent can do..   not the other way around.. they risk discipline if they are not representing the seller.. 

Yup seller dictates. They agree or dont agree (largely by our recommendation) of whether to list on the mls. Im part of a private off market MLS in my area, where sometimes I can sell properties for more money by never coming to the MLS. The lack of liquidity and exclusivity can push the price higher. Most of the athletes and politicians homes never get listed on the mls, and we usually have non disclosure agreements when we are involved with those.