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Not that I know of and I have never heard of the term. I also have never noticed anyone doing this so it must not have been a problem in Middle TN.
No and I haven't seen it taking place.
John McCormack, CRS
I don't think we have rules against this in our MLS. And, luckily, we don't have anyone doing this that I'm aware of.
Don't think we have a rule against it, but it would surely make a negative impression on me if I were to see it among listings on the hot sheet. I'd think it is an unimpressive tactic that would quickly lose any appeal.
Sounds like a great strategy to keep the information in front of MLS members.
There are other ways to achieve the same thing that would not require a price adjustment, but the result would be identical,the home frequently appearing on the hot list.
Bush League? I think not. Effective marketing is always identified when competitors start complaining.
Richard nailed this one!
Our rules state that any changes there must be a signed request by the seller.
Paul - Not sure if our MLS has rules against yo-yo pricing, but thankfully I have not noticed anyone doing this in our MLS. Hopefully it won't become an issue.