12/20/2023 0 Comments Pocket buyer real estate![]() ![]() ![]() ![]() The PLS, now known as The NLS (but still referred to as “The PLS” in legal filings), filed an opposition brief on December 6. Supreme court to reject NAR’s request to overturn a lower court’s ruling on the trade group’s pocket listing ban. Click here to read.In the latest installment of the National Association of Realtors’ antitrust lawsuit woes, former pocket listing service The PLS has asked the U.S. You’ll also want to know more about their responsibility to you and as a member of a common listing service before you decide.Ī contributing writer examines the consumer thought process about pocket listings. If you have thought about doing a pocket listing, talk to your REALTOR® about the risks and rewards to you. REALTORS® subscribe to a Code of Ethics and are bound by a fiduciary responsibility to their clients. Those in favor say it gives sellers privacy, lessens their burden for open houses and showings and results in a quicker sale. So is there a problem? Critics of the practice say properties don’t get enough exposure and sellers may not get full market value since the property hasn’t been tested in the open market. Significant increases are also reported in Denver, Austin and South Florida. In California’s Silicon Valley region, the market share is 17 percent. area has grown to 8.5 percent of all sales. According to a recent Wall Street Journal article, the share of pocket listings in the metro Washington, D.C. With tight housing inventory an issue around the country, pocket listings are growing in popularity. The listing agent will usually promote the property to likely buyers and other agents one-on-one. Listings like this are generally marketed via word of mouth. It’s also referred to as an ‘exclusive listing’ or ‘whisper listing’. What is a ‘Pocket Listing’ and is it a problem?Ī ‘pocket listing’ is any real estate listing that is retained by a listing agent who does not make the listing publically visible in a listing service – like an MLS or BLC® listing service. Economic & Community Development Council. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |