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by thinkalone
5768 days ago
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Brokers advertising as "by owner" should be reported, and if fee apartments are advertised in "no fee," those should also be reported. (Honestly, management companies are allowed to split off and have their own brokerage, so that they collect fees by renting the apartments they already own, and in that case they would advertise in "by owner," but it sounds like you were speaking of something different.) Not having pictures is directly related to how fast apartments are rented - sometimes it's simply not reasonable or possible to gain access and go take pictures of an apartment before it is rented. Net effective is slimy, but not prohibited, as long as it's labeled properly. For what it's worth, I never advertise without photos and have never used net effective prices, which is my personal decision, but it still bothers me when people extrapolate from a few bad ads or ads they think are misleading and then disparage the entire industry. The real CL scams are much worse than what people are typically paranoid about real estate agents doing behind the scenes. |
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As far as I can tell, almost every price listed by a management company for an apartment in a new development is "net effective," whether they list it as such or not.