As a buyer's agent I show a lot of properties, many of which are REO (Real Estate Owned) Foreclosures.Â I have viewed hundreds of them in various states and conditions over the years.Â I am sure many listing agents, especially those with 10+ REO listings are not going to be found of TAR MLS decision to require no more "contractor's lockboxes" on listings after end of June.Â You can read the specifics below.Â I donâ€™t care about the cost they will incur, as a buyer's agent I am THRILLED with this decision.Â I can't tell you how many times I have called, left a message for an agent here in Tucson asking for the lockbox code (which I need to gain access to the listing, to show my client a house they are interested in) and they could not even be bothered with returning my call.Â Â
Better yet areÂ Â the crackerjack agents whose cell phones are so full of (unreturned)Â messages, I am not even allowed to leave a message asking for the lockbox code.Â It is pretty simple math, if I can't get the code how am I to show the house?Â If they don't give the code out, how do they expect to sell the house?Â It is the banks that actually pay the price for these agents (and for those not in the industry it is a far higher % than you can imagine) that can't or never learned proper business etiquette.Â This is not rocket science here folks, answer your phone or if you can't allow the person calling you to leave a message which by the way, according to ADRE they (the listing agent) are required to return within 24 hrs.Â
I for one am EXCITED to hear of this announcement, and it is a long time coming in my opinion.Â I pay for and put approved Keysafes on all my listings and these agents taking the bulk REO listings can play the same game and rules as the rest of us.
The MLS Board of Directors has approved a very important change regarding keyboxes. The purpose of this change is to further ensure the integrity and security of the keybox based showing system, and improve the information available to MLS members. Effective June 27th, 2011, ONLY THE MLS APPROVED KEYBOX MAY BE USED FOR THE PURPOSE OF HAVING A PROPERTY SHOWN FOR SALE