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The Truth About Off-MLS Listings and Market Realities
Splits and Caps Daily: Action for Agents
November 26, 2024
📈 Market Move:
Myth vs. Math
A recent survey shook up the MLS debate by revealing that 35% of homeowners initially preferred selling their homes off the MLS. Sounds like a revolution, right? Not so fast. When these same homeowners learned that off-MLS listings typically sell for 15% less, nearly three-quarters flipped their stance, opting for the MLS.
The takeaway? Most sellers are all about maximizing value once the facts are laid out. But the debate has been spiced up by some selective interpretations of the data, fueling calls to ditch the Clear Cooperation Policy. With the future of the CCP hanging in the balance, the real question isn’t just MLS or no MLS—it’s about keeping the market open versus closing it off.
Stay tuned, because this saga isn’t over yet.
🌟Quote of the Day:
"What you do today can improve all your tomorrows." — Ralph Marston
⚡ Quick Win:
Build a Referral Pipeline: Take 10 minutes to email or DM a top-performing local business owner. Propose swapping referrals. Their network + your network = mutual wins.
🎉 Fun Fact of the Day:
Rome’s ‘Cursed’ Office Building: Rome’s got a building called the "Square Colosseum" that sat empty for decades because of its sketchy history with Mussolini. Now it’s home to luxury offices and fashion houses. That’s how you flip a cursed property into a high-fashion HQ.
📚 Book Recommendation:
“The Richest Man in Babylon” by George S. Clason - Think of this as ancient money wisdom wrapped in timeless parables. Clason serves up practical lessons on wealth-building, like “pay yourself first” and “invest wisely,” through stories that are as engaging as they are effective.
Why read it? It’s short, smart, and gets straight to the point: master your money, and you’ll master your life. Perfect for anyone who wants financial advice without the fluff.
Want to level up even more? Hit the Agent Bookshelf for top reads, Agent Articles for real estate gold, and Agent Resources for the tools to boost your biz—go get it!
That’s it for today! Keep pushing, stay smart, and remember—small steps today pave the way for big wins tomorrow. Let’s make it happen!
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