Investopedia

Continue to Site »

Pocket Listing

Filed Under »
Dictionary Says

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."
Investopedia Says

Investopedia explains '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.

Articles Of Interest

  1.

    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. 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. 5 Things Every Real Estate Pro Knows

    Find out how to stop chasing the market and start leading it.

  4. 6 Tips For Selling Your Home Fast

    Find out what you can do to stand out from the competition and make your home an easy sell.

  5. Will Your Home Sale Leave You With Tax Shock?

    Learn how the newest tax laws apply to the proceeds you earn.

  6. 6 Ways To Make Your Home More Enticing To Buyers

    The real estate market is on the recovery, and there are ways you can ensure your home sells faster and for the price you want.

  7. What You Should Know About Home Appraisals

    Home appraisals are an unbiased way to determine a home's value. Here is what you need to know about obtaining one.

  8. 5 Things That'll Ruin Your Chances Of Selling Your Home

    Failing to properly promote your house when it is on the market can wreck your chances of selling quickly and for the price you want.

  9. A Broker's Open House Can Help You Sell Your Home

    This special type of open house can provide targeted marketing and yield expert advice.

  10. 5 Reasons To Use A Real Estate Agent In A Down Market

    Home sales continue to struggle. Now more than ever, you need a good agent to help you sell your home. Here's why.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  2. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  3. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  4. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  5. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  6. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.
Trading Center