Tucson MLS Time to Raise the Fine
May 15, 2008
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The “Arizona Daily Star” likes to give out Thorns and Flowers for various issues. I’m giving out Flowers with Thorns in this post in hope it will turn into all flowers soon.
Three months ago the Tucson MLS instituted a $250 fine for status changes entered more than 48 hours after the date of the change. The only time when it is easy to track these violations is at the end of the month when all closed transactions are to be turned in on time for the data pull for the Monthly Statistics Report.
We know what is in the report for the number of closed transactions and we know what comes in later as we can pull this data live from the MLS system.
In March there were 900 transactions reported the system shows 929 recorded. Twenty nine added after the data pull.
In April 973 transactions reported today 1003 in the data. This is 30 transactions more than were reported.
Doing the Math
- 30 X $250 = $7,500 February
- 29 X $250 = $7,250 March
- 30 X $250 = $7,500 April
That’s 89 closed transactions in three months that are not included in the data. It is next to impossible to go back each month and recaculate the previous month and the current month. However, look at how the numbers are skewed in these two months.
What does it mean? It means it is time to raise the fine. It obviously isn’t painful enough yet to get these transactions entered on time. IT IS TIME TO RAISE THE FINE.
The Arizona Daily Star picks up these numbers and reports them before most of us even know there is a report available.
Don’t you think 1003 closed transactions for April would have been better than 973. The psychological benefit of breaking 1000 sales is significant.
Conclusion: Thank you for instituting this policy, In June of 2007 there were 146 transactions entered late. In the first 10 months more than 800 were entered late for the year. This accounted for 7% of the total transactions for that period of time. Getting it down to 30 is better. Now it is time to RAISE THE FINE even higher. It is in all of our best interest to be releasing to the media and the public the most accurate figures we can attain.
Did I mention IT IS TIME TO RAISE THE FINE?
