Pocket Listings, Secret Listings or Future listings- ARE they legal???
Pocket listings or Future listings is an advertising method of withholding a property from the local MLS and advertising it within a brokerage (company) or network. This is perhaps a selling point to a buyer looking for a home that wants the “true inside scoop” on listings and future listings. This way they can get a head start on the competition and get “That” house before anyone else. Sounds good, but is it?
Perhaps to the buyer, but what about the seller? The job of the listing agent is to get the highest price and best terms possible for the seller! Will that normally happen in a so-called “Pocket Listing”? A very few number of agents say yes, but the majority of agents agree that selling a home in the open market with the best advertising will get that seller the...