Welcome to this week’s sweep, with a focus on the holiday weekend and a ramped up spring market!
Computation of Time
When computing time for the purchase and sale agreements, please regard Monday, May 27th as a legal holiday. Memorial Day is a legal holiday under Washington law.
NWMLS, RULE 2C
Good time of year to remind everyone about “pre-marketing/MLS rule 2c”. The MLS does not allow for the pre-listing of properties, this includes anything in writing, and also includes social media. First sentence of RULE 2C- “members shall not promote or advertise any property in any manner whatsoever”. We have seen a couple of instances where advanced notice is being given during photo shoots etc. It is important you are aware of the strict enforcement and potential fines from the MLS. The MLS enforces this as much to protect our business and ensure all members are on an equal playing field. There has been an increase in recent months of posting coming soon messages. The MLS takes these situations very seriously and I won’t be able to wiggle you out of these fines. A simple screenshot timestamped prior to launch date from a bitter broker who was competing for a listing is all it takes. They are expensive fines!
…Drum roll please on a winner for the legal bite for next week’s podcast. Thank you to the Ballard office for requesting this topic!
Form 17: There is confusion around when a buyer or possible buyer discovers a material defect and reports it to the listing broker. When does that warrant a new revised form 17 to be delivered? What if the buyer sends over the whole inspection report? What if a possible buyer says “I’m not writing an offer, I had a structural inspector out and this house has structural issues!”, does the listing broker have a duty to tell possible buyers or tell their seller and investigate?
ps, there is still time to add to the podcast if you’d like to float me more content! David Daniel and I will record next week…
The Smith’s are signing off for the long weekend. Family PLAY and more baseball – this weekend in Bend. What an awesome spot. Playing on bike and foot down by the river…
#OffMute #TheHumanAlgorithm #AllInForYou