Realtors criticize online posts of home-sale details - Hawaii News Now - KGMB and KHNL

Realtors criticize online posts of home-sale details

Image: Screencapture of OahuRE.com Image: Screencapture of OahuRE.com

HONOLULU (AP) - The operator of an Oahu real estate website is facing possible fines if he doesn't start removing listings that expire or are withdrawn.

The Honolulu Star-Advertiser reports that the Honolulu Board of Realtors ordered OahuRE.com to stop showing information for properties if the listings expire, are withdrawn or are about to become completed sales.

That information can impact property sales. One property recently sold for $27,000 less than its listing in April. The price was reduced, but the listing expired before being reposted.

Bryn Kaufman is the website's principal broker and has asked the group's board of directors to eliminate the rule, calling it anti-competitive.

Under the rule, brokers can share a restricted number of expired or withdrawn listings only with clients.

Kaufman's appeal will be considered Oct. 30.

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