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In the real estate industry in the United States, a pocket listing or hip pocket listing is a property where a broker sells a property through private connections rather than entering it into a multiple listing system (MLS) or otherwise publicly advertising it. [1] In Canada, this is called an Exclusive Listing. [2]
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 ...
The cynical take is that those in favor of a shake-up — including the leaders of some of the country's largest real-estate brokerages, like Compass and Anywhere Real Estate, the owner of big ...
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
Flat-fee multiple listing service or flat-fee MLS refers to the practice in the real estate industry of a seller entering into an "à la carte service agreement" with a real estate broker who accepts a flat fee rather than a percentage of the sale price for the listing side of the transaction.
Some of the most exclusive real estate properties never hit the open market. Instead, sellers will only solicit offers from a select group of buyers through what's known as a "pocket listing." This...
Several "flat fee" listing services exist that host an owner's property on a multiple listing service so it is marketed to real estate agents locally and nationwide. [4] In exchange for this, the FSBO seller must pay a commission to any agent that brings a buyer.