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Technically legal
- As of this writing, holding a pocket listing is technically legal in all 50 states. No specific laws prohibit a real estate agent from representing a seller while keeping the listing off the MLS.
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What are the pros and cons of a pocket listing?
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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).
- Real Estate Content Producer
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 ...
Jun 18, 2024 · Pocket listings offer a unique approach to selling real estate, providing privacy and control to sellers who value discretion. However, they come with potential drawbacks, including limited exposure and ethical considerations.
Jul 26, 2024 · A single real estate agent handles a pocket listing, offering privacy to the buyer and seller. A pocket listing creates exclusivity, allowing the seller to concentrate on serious buyers....
Dec 6, 2022 · What is a pocket listing? It's a property that is technically for sale, but agents won't find it listed on the multiple listing service.
Apr 24, 2023 · What We’ll Cover. What Is a Pocket Listing? Are Pocket Listings Legal? Pros Of A Pocket Listing? Cons Of A Pocket Listing. Potential Issues With Pockets Listings For Real Estate Agents. Advantages Of Pocket Listings For Buyers. How To Find Pocket Listings. Final Thoughts On Pocket Listings.
Nov 12, 2023 · Are you wondering what a pocket listing is and how it works? Pocket listings are properties sold 'off market' or marketed to potential buyers by a brokerage privately instead of utilizing the multiple listing service (MLS). These non-public listings are kept in-house by a listing agent.