Thursday, July 17, 2008

What is a Real Estate Pocket Listing?


What is a real estate pocket listing? We love Wikipedia, and thought we would give you their definition.
A pocket listing is a real estate industry term used in United States which denotes a property where a broker holds a signed listing agreement (or contract) with the seller, whether that be an "Exclusive Right to Sell" or "Exclusive Agency" agreement or contract, but where it is never advertised nor entered into a multiple listing system (MLS) or where advertising is limited for an agreed-upon period of time. In Canada, this is referred to as an "Exclusive Listing".
To put this into laymen terms, we talk to lots and lots of real estate agents every day and hear of homes in the Ivanhoe School District that are coming on the market soon, but are not officially on the market yet. We would love to share this information with you so that you can have the first opportunity to preview new listings and write an offer before anybody else. Please feel free to subscribe to this website by clicking the "Subscribe to Post" link at the top right corner -------->

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