There’s always something to howl about.

Data Discrimination, A Class Action Lawsuit in the Making

Anyone a member of the Texas Bar Association looking for Pro Bono work?  I think you may be able to rassle up a class action lawsuit in big “D”, little “a”, double “L” a, s (Dallas folks 😉 )

Texas is one of five states that do not require disclosure of sale prices, however, I believe the local MLS board in Dallas may be violating their fiduciary responsibility to their buyers and sellers.  I strongly suggest you read the following article.

Actual home sale prices are not being entered into the MLS.

Does this not blatantly fly in the face of transparency.  Moreover, how can the local board stand for this?  Without accurate data shared at least to local members, the guidance and counsel for properly pricing a property places sellers, but more clearly buyers, in a very bad position.  The article suggests that lower priced properties which have sold may be intentional left out in order to provide a perception that property values are higher.

Not only is this a direct violation of an agent’s fiduciary responsibility to his/her client, it is borderline fraud.

Real estate is local, consult a local REALTOR and find out how much your home is worth – or NOT.

Is it any reason why data aggregators are winning?