Hollywood Riviera & South Bay Real Estate Blog

     What is churning and burning a listing?  It’s a little “tactic” some realtors use to make a listing appear “new” in the MLS (Multiple Listing Service.)  It is actually against our code of ethics as per our Palos Verdes Board of Realtors.  People do it anyway - all the time actually.  The Board came up with a new category in our MLS called “CDOM” (cumulative days on market) vs. the other category “DOM” (days on market.)  Typically we realtors see the DOM and then we look at the CDOM and know how many days a listing has really been on the market.  Even then it is not always accurate as there are some other “tricks/loopholes” some realtors have found to make their listing appear “fresh.” 
     Honestly, a good realtor should really always check the “History” of a listing to find out the real story of how long a particular property has been on the market.  History will show any and all transactions in the MLS for a certain address. 
     Why would someone do this anyway you ask?  There is a strong correlation between DOM and sales price.  The longer a house has been on the market the less they usually get to list price.  List price to sales price are usually closer to each other the shorter a house has been on the market.  Here is a graph showing the correlation for the Hollywood Riviera, CA.

   Realtors all have different opinions on this of course.  There are the realtors that do it and the realtors that don’t.  For example, Elaine Carlson, of Re/Max Palos Verde,s Realty in her recent post “Resetting DOM, Fair or Foul” mentions that it is a great marketing ploy, but wrong.  Lynne Pope - also of Re/Max Palos Verdes Realty, recently writes in her blog that she feels these people are “cheaters.”

First off, our Multiple Listing Service(MLS)  has strict rules about resetting DOM.  If you cancel a listing and re-list, you are required to send in a brand new listing agreement.  However, lets get real here… they only bust you if someone else sends in an email complaining about it, then you get the dreaded call from your board of realtors asking for a new contract.  As the market has slowed, more and more agents want to reset, as homes languish for 6 months and longer.    With the new CDOM(continual days on market)  function, even if you reset, you can still see the CDOM unless you take if off the market entirely for 2 months.  So the benefit has really been removed of resetting.  There are a few tech tricks that some Realtors have discovered which reprograms the system and resets both numbers back to 0 DOM and CDOM.  So just to be sure… always check the History if you are unsure if the home has been on the market recently.

 The South Bay of Los Angeles works to be a leader in recycling Household Hazardous Wastes.   There are two main drop off centers - one is the Hyperion Treatment Plant  (El Segundo, CA ) and the Gaffey Street S.A.F.E Collection Center (San Pedro, CA.)  The Hyperion Treatment Plant is open every Saturday and Sunday from 9:00 AM to 3:00 PM and the Gaffey Street S.A.F.E Collection Center is open every Friday, Saturday, and Sunday from 9:00 a.m. - 3:00 p.m.  These are permanent sights.

What is Household Hazardous Waste?

Household Hazardous Waste (HHW) is any product labeled: toxic, poison, corrosive, flammable, combustible or irritant. The health and safety of our community is endangered when these products are discarded in household garbage, sinks or storm drains. The amount of products from a single home may seem insignificant. However, when millions of homes across Los Angeles County use similar products, the combined effect becomes a major problem. The following are examples of HHW products that may be found in and around your home: