Our response: Thank you for your insight. You bring up a good point about pocket listings: When real estate listing agents use pocket listings, they deny the general population the ability to view and bid on properties that should be on the market.
We’ve written about pocket listings and the NAR passing a rule that prohibits pocket listings several times this year. A pocket listing is when a homeowner hires a real estate agent to sell their home, but the listing does not show up in any multiple listing service or in any online listing of homes for sale. The listing agent effectively keeps the listing for themself (and their own customers) and markets the home privately to other agents who are often in the agent’s own office or to specific people before the world gets the right to view and bid on the home.
We believe pocket listings