How is it possible for a listing to run on ebay and on MLS?

The MLS listing says nothing about the auction and the auction on ebay links to a pdf print out of the MLS listing. There is no information as to closing costs, realtor commissions, etc. How is this legal?
In Selling Property - Asked by bkassets.com L. - Jan 28, 2010
Report Abuse
Answer this Question

Answer(s)

Joseph C.
Broker/Agent
Braintree, MA

Just so I understand the question; are you stating that because the property is on MLS with a set price (no auction) and they also have it on Ebay, as an auction, then that is illegal?
Wouldn't that just be another form of marketing for the property? I guess, if they have it on MLS and they are using Ebay, just as we do Loopnet; isn't that another marketing avenue?
The other thing may be that this listing belongs to the actual broker and they are trying to utilize many options to get their property noticed. If it is not owned by the broker, then hopefully, whomever posted it has informed the owner of the property as to where the listing will be published.

Feb 2, 2010
Report Abuse
Lou A.
Corporate Investor
Northlake, IL

why would it be illegal?
The broker is listing in auction format. Perhaps the broker is also a licensed auctioneer, for example. Or owner owned, so broker owns it and can sell in both formats.

Feb 26, 2010
Report Abuse
Gregory G.
Broker/Agent
San Francisco, CA

It is not illegal.
Gregory Garver - Commercial Real Estate Broker
Broker License# 01716531
(415)225-9894
gregory.garver@gmail.com

Mar 5, 2010
Report Abuse
David A.
Broker/Agent
Palo Alto, CA

Ebay is a great option for marketing unique or high cash flow property.

Mar 29, 2010
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question