When the new rule goes into effect and real estate agents are required to put homes for sale in the MLS the people who will be hurt the most by the new rule are wealthy.
Wealthy homeowner in disguise
Some wealthy people do not want anyone other than their agent to know that their house is for sale. I have heard that in some instances they don’t even want their children to know.
I can relate to that as my parents often tried to move without me finding out but I always knew. I usually figured it out before the for sale sign went up but not always.
It is hard for a person of modest means such as myself to understand the special privacy needs of the wealthy and the care that their real estate agents need to take. I can only speculate as to what it might be like to have your home that is worth millions in the MLS where the prying eyes of home buyers can see it.
Maybe they don’t want the rest of the family to know that they are wealthy. Maybe they don’t want the people who work for them to know. The IRS probably already knows and the neighbors may figure it out.
There should be laws to protect the wealthy when they sell real estate.
I know that sometimes famous people want more privacy. I think that is the main reason why I have stayed off the stage and away from the cameras. If someone were to discover my immense talent I could become rich and famous and then I would become a special needs home seller too.
My heart goes out to wealthy.