COMING SOON SIGN UPDATE
COMING SOON SIGN CODE
COMING SOON SIGN LICENSE

Please call the Regulatory Affairs Division at 91 if you have further questions about this or any other topic. If your client isn’t prepared to have buyers view the property, that means none, including your own or your buddy’s. Remember, the goal is to sell the property under the most favorable terms for your client, not yourself.

COMING SOON SIGN CODE

If you are a member of the North Carolina Association of REALTORS®, this type of conduct may constitute a violation of their Code of Ethics as well. Post-dating a listing to avoid a problem with the MLS could be considered a misrepresentation. If you belong to a multiple listing service, you may be required to enter a new listing within a certain period of time. Limiting potential buyers may also limit the potential selling price of the property. In addition, you are likely doing a disservice to your seller client.

By limiting the market of potential buyers to those within a broker’s firm or those with a business relationship to the broker or another broker, you may subject yourself to a claim of discrimination or even antitrust violations. For example, a seller may direct you to not advertise the property on a particular site or not to show the property to a specific person as long as the basis of the denial is not discriminatory. Once the property is listed for sale, it should be available for viewing by any interested buyers unless legally and specifically excluded by the seller. That way I can generate leads without opening her home to a lot of traffic.Ī: No. I’d like to take the listing and place a “Coming Soon” sign, either as a rider to a “For Sale” sign or as an independent sign, in the yard, but not advertise the property in the multiple listing service and only show it to a few buyers I know are interested in that type of property. Q: My client wants to list now, but she doesn’t want a lot of traffic in her home. Under those circumstances, the broker may not advertise or disclose a list price and may not show the property to any potential buyers. If that is the case, the broker may place a “Coming Soon” sign in the yard but may not place a”For Sale” sign, as the owner has not listed the property for sale. 0104, Agency Agreements and Disclosure, but the owner could limit the agreement to advertisement of the property as “Coming Soon” only. The brokerage agreement must comply with the requirements of Rule A. A broker is prohibited from advertising property belonging to another without first entering into a written brokerage agreement. Can I advertise his property as “Coming Soon”?Ī: Maybe. Q: My client wants me to list his home but he’s not ready to sign a listing agreement yet. Remember that your sign must comply with Rule A. If the property is not ready to be shown TO ANY potential buyers, you may attach a “Coming Soon” rider. Once you have that, you can place a sign in the yard.

You must first enter into a written agency agreement with the owner that authorizes you to advertise the property. Can I list the property but not show it until it’s ready, and can I place a “For Sale” sign in the yard with a “Coming Soon” sign rider to generate interest in the meantime?Ī: Maybe. Q: I have a client who is ready to list, but needs to clean up the inside and make a few repairs.

COMING SOON SIGN UPDATE

The article addressed increased calls to the Commission regarding the use of “Coming Soon” sign riders attached to “For Sale” signs, and it generated so much conversation about issues stemming from this marketing tool that we felt it warranted a place in the Update Course as well as a follow-up article addressing a few lingering questions. In the May, 2013 issue of the Bulletin, an article appeared entitled New Brokerage “Coming Soon”. Local Rules for the North Carolina Real Estate Commission.Commission Guidelines and Other Information.NCAR Residential Property Management Legal Handbook.Commercial Property Management Guides/Other Resources.Rosters of Exam Candidates and New Licensees.

COMING SOON SIGN LICENSE

License Examination Performance by Education Provider.