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Pocket listings are not "Open Listings". An open listing is an Agreement between a seller and a broker whereby the property is available for sale by any real estate professional who can advertise, show, or negotiate the sale, and whoever brings an acceptable offer would receive compensation.
Pocket listings are met with controversy for a number of reasons, as they are hidden from public view. Why do home sellers choose that route? Just Askin': What is a pocket listing in real estate?
By Les Christie The housing rebound has given new life to an old, but little-known sales practice called "pocket listings," where agents reserve homes for serious buyers only. Most homes that are ...
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Listing a property commonly incurs certain expenses for the listing broker and takes some time and effort for the listing salesperson. To make it worthwhile, they want a certain minimum listing time period to have a good chance of selling the property. However, the listing contract must have an expiration date.
At one time, all real estate brokers and agents, or Realtors, practiced "single agency", meaning they represented only the seller.In the 1990s, the concept of buyer agency became popular, allowing a buyer to retain an agent who would represent the best interests of the buyer alone.
Houses are bought and sold all year long, but spring is real estate season. The industry's busiest few months are just heating up, and if you're planning to sell, you're probably scrambling to get...
BiggerPockets was founded in 2004 by Joshua Dorkin. It was originally a message board for real estate investors to ask questions and share best practices. [3] He started the company with no venture capital financing and no outside investment. [4]