Agent Medea Savvy was recently sanctioned by the Real Estate Commission of her state for advertising listings in her market area on Craigslist, a search website very popular with the public. The problem was that the listings Medea advertised were not her own or even her brokerage’s listings. They were listings of competing brokerages.
What went wrong? Why did Medea get in trouble when her own company’s website and her personal agent website were able to access listings from all the brokerages in the local MLS’s, including the very listings she had posted on Craigslist?
Madea had confused “broker reciprocity” with “syndication”. (more…)