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Apr 15, 2024 · In the world of real estate, a “pocket listing” is when a seller signs a listing agreement with a broker, giving them the exclusive right to sell their property. But there’s a catch: the property can’t be listed on the Multiple Listing Service (MLS).
A pocket listing is an agreement between a real estate agent and seller to market a home through private connections rather than publicly advertise it. The key distinction is that a pocket listing does not appear on the Multiple Listing Service (MLS), which is the local or regional database cooperating real estate brokers use to share data and ...
Dec 6, 2022 · Instead, the real estate agent who’s been hired for a pocket listing keeps it in his metaphorical pocket (along with photos possibly) and shares it only with a smattering of agents he knows...
Apr 24, 2023 · However, if you are or are working with a Realtor (a real estate agent who’s associated with the National Association Of Realtors), they are held to more strict standards. Even though a Realtor has a fiduciary duty to their client, they can not create pocket listings.
May 30, 2019 · In real estate, a pocket listing refers to a property that is up for sale but hasn’t been made publicly available to other agents or buyers. In other words, the agent in charge of selling a pocket listing is keeping the property in their “back pocket” and only sharing it with certain people in their network.
Feb 1, 2022 · A pocket listing, also referred to as an “off-market listing,” is a property that isn’t listed on the MLS, but is instead marketed to potential buyers by word-of-mouth or through private listing services that limits who can see information about the property.
Nov 2, 2022 · Traditionally, an off-market listing has been called a “pocket” listing, in which a real estate professional hold the listing as a secret, and only share it with a select few.
