Pocket Listing


DEFINITION of 'Pocket Listing'

Any listing that is retained by a listing broker or salesperson who does not make the listing available to other brokers in the office or to other multiple listing system (MLS) members.

Also referred to as an "exclusive listing."

BREAKING DOWN 'Pocket Listing'

When a real estate professional is hired to list and sell a property, a listing agreement is in writing. Often real estate agents and brokers agree to cooperate with other agents and brokers and share a portion of the total commission paid by the seller. In a pocket listing, a property will not be listed in a MLS, and therefore there is no agreement to work with other real estate professionals. Reasons for a pocket listing include the seller's desire for privacy or to sell to a certain individual.

  1. Exclusive Listing

    A real estate sale transaction in which a specified real estate ...
  2. Multiple Listing Service (MLS)

    A service provided by a group of real estate brokers. They band ...
  3. Commission

    A service charge assessed by a broker or investment advisor in ...
  4. Real Estate Agent

    A person with a state/provincial license to represent a buyer ...
  5. Open Listing

    A property listing that uses multiple real estate agents in order ...
  6. Fair Housing Act

    This law (Title VIII of the Civil Rights Act of 1968) forbids ...
Related Articles
  1. Home & Auto

    Finding A Good Real Estate Agent

    Don't go it alone in the real estate market. We'll show you how to find the help you need.
  2. Home & Auto

    Do You Need A Real Estate Agent?

    There's no guarantee that realtors will act in your best interest, but it may be worth hiring one anyway.
  3. Home & Auto

    5 Things Every Real Estate Pro Knows

    Find out how to stop chasing the market and start leading it.
  4. Home & Auto

    The Most Expensive Neighborhoods in London

    Understand what makes London such a desirable place to live and why it is so expensive. Learn about the top five most expensive neighborhoods in London.
  5. Home & Auto

    The Most Expensive Neighborhoods in Los Angeles

    Understand the layout of the greater Los Angeles area and what is driving up home values. Learn about the top eight most expensive places to live in LA.
  6. Personal Finance

    Should You Renovate or Move?

    Besides cost, what factors should you consider in deciding whether to remodel your home or move? This tutorial guides you through the steps.
  7. Home & Auto

    The Pros and Cons of Owner Financing

    Details on the upside and risks of this type of deal for both the owner and the buyer.
  8. Home & Auto

    When's the Best Time to Sell a House?

    Your timing is a key element in when to sell a house. Here's what to consider.
  9. Professionals

    What Does a Broker Do?

    In the investment world, broker is a term used to refer to an individual or entity that helps facilitate trading in financial securities.
  10. Home & Auto

    10 Things Your Real Estate Broker Won't Tell You

    Whether you're selling a home or buying one, go in with eyes wide open when you're working with a broker.
  1. Where does the term "always be closing" come from?

    The exact origin of the sales phrase "always be closing" is unknown, but it was newly popularized by its usage in the 1992 ... Read Full Answer >>
  2. What is a fiduciary deed and when is it useful?

    A fiduciary deed is used to transfer property rights in a sale when a fiduciary must act as an executor of the sale on behalf ... Read Full Answer >>
  3. How can I tell when a real estate agent might be lying to me?

    Real estate agents are likely to lie or fudge the details about their own credentials, the value and condition of a property ... Read Full Answer >>
  4. Where do you get real estate leads?

    Real estate leads come from real world networking in addition to online sources. Tried and tested avenues of following up ... Read Full Answer >>
  5. Why do real estate agents fail?

    While most successful real estate agents will point to any number of reasons why others fail, the truth is that the reason ... Read Full Answer >>
  6. How do real estate agents market themselves?

    Social media is a leading way real estate agents in which market themselves and their properties to potential buyers and ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Capitalization Rate

    The rate of return on a real estate investment property based on the income that the property is expected to generate.
  2. Gross Profit

    A company's total revenue (equivalent to total sales) minus the cost of goods sold. Gross profit is the profit a company ...
  3. Revenue

    The amount of money that a company actually receives during a specific period, including discounts and deductions for returned ...
  4. Normal Profit

    An economic condition occurring when the difference between a firm’s total revenue and total cost is equal to zero.
  5. Operating Cost

    Expenses associated with the maintenance and administration of a business on a day-to-day basis.
  6. Cost Of Funds

    The interest rate paid by financial institutions for the funds that they deploy in their business. The cost of funds is one ...
Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!