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Old 04-18-2018, 07:38 PM
 
Location: In my head
310 posts, read 446,553 times
Reputation: 679

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How many of you have pocket listings? Do you like keeping pocket listings before actually MLS listing so you have more real estate commission? How have pocket listings work for you?
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Old 04-18-2018, 07:56 PM
 
Location: Rochester, WA
14,458 posts, read 12,081,453 times
Reputation: 38970
Pocket listings (listings which are not on the MLS) are not allowed in my brokerage, or any brokerage that belongs to our MLS.
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Old 04-18-2018, 08:18 PM
 
Location: Salem, OR
15,572 posts, read 40,409,288 times
Reputation: 17468
Quote:
Originally Posted by Diana Holbrook View Post
Pocket listings (listings which are not on the MLS) are not allowed in my brokerage, or any brokerage that belongs to our MLS.
Same here. We have a "pre" status which are listings you are getting prepped for sale. They are required to be in the MLS within 48 hours of executing the listing agreement.
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Old 04-19-2018, 12:10 AM
 
1,663 posts, read 1,577,960 times
Reputation: 3348
I’ve got some pockets listing.
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Old 04-19-2018, 04:08 AM
 
Location: Cary, NC
43,264 posts, read 77,043,330 times
Reputation: 45611
I don't have any pocket listings, and wouldn't actively pursue any. Of course, I attempt to avoid dual agency which is the core reason for an agent to pursue pocket listings.
But... It would be a clients' rightful decision if they did not want the property listed on MLS.

We are not required to publicly list on MLS here.
As MLS members, we do have to submit a seller-signed document that the property will not be listed on MLS. But, that document is not public either.

Interesting that in some areas broker/MLS members are required to withhold brokerage services from sellers who don't want to be listed on MLS.
That seems to be a fundamental choice that a consumer should be able to make.
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Old 04-19-2018, 09:00 AM
 
Location: Columbia, SC
10,966 posts, read 21,972,507 times
Reputation: 10659
What are you calling a "pocket listing"?
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Old 04-19-2018, 01:46 PM
 
Location: Athol, Idaho
2,182 posts, read 1,627,160 times
Reputation: 3220
Using the MLS is a choice here and addressed in the listing contract.

I think its to the sellers disadvantage if they don't want to put it out there on the mls. Not sure why people do this.
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Old 04-19-2018, 03:21 PM
 
Location: Salem, OR
15,572 posts, read 40,409,288 times
Reputation: 17468
Quote:
Originally Posted by MikeJaquish View Post
I don't have any pocket listings, and wouldn't actively pursue any. Of course, I attempt to avoid dual agency which is the core reason for an agent to pursue pocket listings.
But... It would be a clients' rightful decision if they did not want the property listed on MLS.

We are not required to publicly list on MLS here.
As MLS members, we do have to submit a seller-signed document that the property will not be listed on MLS. But, that document is not public either.

Interesting that in some areas broker/MLS members are required to withhold brokerage services from sellers who don't want to be listed on MLS.
That seems to be a fundamental choice that a consumer should be able to make.
We used to have an opt-out ability, but they removed it from the by-laws. It has to be on the MLS available for cooperation, but it doesn't have to feed to any public facing sites.
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Old 04-19-2018, 05:00 PM
 
1,528 posts, read 1,587,296 times
Reputation: 2062
Quote:
Originally Posted by Silverfall View Post
We used to have an opt-out ability, but they removed it from the by-laws. It has to be on the MLS available for cooperation, but it doesn't have to feed to any public facing sites.
Cooperation? What cooperation?
I get the third degree when I use the C word related to buyers and sellers agents. double standards.
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Old 04-19-2018, 05:11 PM
 
Location: Rochester, WA
14,458 posts, read 12,081,453 times
Reputation: 38970
Quote:
Originally Posted by just_because View Post
Cooperation? What cooperation?
I get the third degree when I use the C word related to buyers and sellers agents. double standards.
Context.
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