Tag Archives: California Association Warns About ‘Pocket Listings’

About 1-in-4 home sales are reportedly pocket listings in some Northern California markets, and the California Association of REALTORS® is warning agents to tread carefully. CAR says that pocket listings or off-MLS listings are not illegal if the listing agent fully discloses the pros and cons to the home seller and follows the rules, but CAR says pocket listings “may not be in the best interest of the property owner ” particularly if a client does not know about the benefits of marketing his or her property through the MLS.” […]