After selling a domain name, it’s very important for you to remove sale listings for that domain name at aftermarket venues. It is especially important to do this if you have BIN prices on some of the domain names that could potentially permit someone else to agree to buy a domain name you no longer have the right to own.
I received a message from DomainNameSales.com that was sent to clients reminding them to delete domain names they no longer own. The company raised the potential for account suspension (both parking and sales) for those clients who do not delete domain names from their account when they no longer own them.
Here’s part of the email:
Dear Partners. We have had several occurrences this year of sales-platform clients, agreeing to sell domain names that they have previously sold, or no longer own.
If you have domain names for sale through our syndication channel or on our platform and you represent that you own them, and that subsequently turns out to be untrue, we will have to immediately suspend your DNS parking and sales account.
Good stewardship of your portfolio, truth, honestly and trust are the basis of our relationship. We value the partners who live up to those ideals but can not support those who unduly create administrative burdens for us through poor stewardship of their domain name portfolios or who are too preoccupied to check whether they still own the names which they agree to sell.
Please take this opportunity to clean your account and only identify names which you own as for sale.
I would be upset if I agreed to purchase a domain name and later found out that the listing was no longer valid. It would be especially annoying if I sent my payment for the domain name before learning that I wasn’t able to buy it.
I don’t know if there is any legal risk for keeping listings up when the person who listed it no longer owns the domain name, but it is good to go through your portfolio at various platforms and make sure old listings are removed. The threat of an account suspension should serve as a good warning.