Inman News, The Price of Hiding Price:
Listing agents who are members of RE InfoLink can pay $500 for the first instance in withholding sales price, $1,000 for the second instance, $2,000 for the third instance, $4,000 for the fourth instance and $5,000 for the fifth and subsequent instances to withhold price information, according to the policy description, and agents must enter the code “SPWHLD” in the confidential remarks for those property listings.
Find out more in their August 1 compliance update.
Ridiculous! This information will soon be public knowledge when the sale records with the county unless they also go to the effort to have that information hidden.
What the market needs is more transparency, not less.