All I can comment on is how the Sandicor DOM works.
However before I do that, I just want to throw something out there… when people see a for sale by owner or a private party sale, how do you find out how long that home has been on the market? What mechanism is there in place to reliably determine that information? The answer is none. You take the sellers word correct? If you can prove the seller is lying then great.
Okay so Sandicor works like this. When you enter a listing, that listing takes on a new life in the MLS. What happened before, what happens after is not pertinent. This listing is yours and only yours. As long as that listing is active the MT field, market time will increment each day. There is an alternate field called AMT and this field adjusts for time off the market, (this would be a home in escrow or withdrawn). So say a home is active for 50 days and then is withdrawn for 10 days and falls out. MT would be 60 and AMT would be 50.
Now when a listing is cancelled a new listing is created. Yes everything starts over.
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Is it ethical or unethical? That is up for debate. However ANY informed buyer will always ask their Realtor to perform a full search history on homes they are seriously interested in. To claim that buyers have no recourse on this subject to me is not an adequate argument. I don’t know about alot of things and I ask professionals about them whether it is taxes, legal issues, insurance issues, etc… Thus if there is a home you are seriously interested in you would ask your realtor to see the complete history of cancelleds, expireds, previous sales etc… Is it that hard to pick up the phone and do that?
Additionally why don’t the free services like Zip, Realtor.com and other agencies do this? Why are they not targetted for complaints as well?
You know I am not a shill for NAR and I hate when I have to defend “the system” because in general I don’t like the system. However, I just do not buy into the fact that there is a widespread victimization going on here. The information can more then readily be found.
