pocket listing

“Pocket Listings” Draw Tighter Restrictions

[Editor’s Note: I’m glad to report that, effective next year, the National Association of Realtors is tightening the rules on so-called pocket listings. I first criticized the practice on this blog more than eight years ago(!) — the post below originally appeared May 18, 2011. Please note that the views expressed here are solely those...
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“Pocket Listings”: Good for Agents, Bad for Clients

“Shhh!  Don’t Tell Anyone My House is for Sale” “Listing agent will not also represent Buyer.” —Clause added to every listing contract I sign. [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary...
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“Quiet Offerings” & Other Real Estate Oxymorons

There’s certainly nothing wrong or unusual about Realtors sending out “blast emails” marketing their latest listing. As the recipient of dozens (hundreds?) of those a week, though, it does get a little annoying — especially when the property being touted is literally another time zone (or two) away. However, it’s seldom that the headline on the...
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“Why is There a ‘Seller Withhold’ But Not a ‘Buyer Withhold?'”

That’s actually a pretty good question — posed by a newer agent at recent Edina Realty – City Lakes office meeting. A signed MLS “Seller Withhold,” of course, is what most veteran listing agents procure at the same time the owner officially hires them to sell their home. That allows the agent the time they...
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“For Sale” Home, But Forgoing the “For Sale” Sign

Pro’s & (Mostly) Con’s “Don’t be a secret agent.” –Advice to new real estate agents just starting out. Why would the owner of a “For Sale” home want to skip putting a “For Sale” sign in front? Search me. Here are the four most common reasons I hear — followed by my Realtor rebuttal (in...
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“Listing Agent to Be Present For All Showings”

Alternative to Pocket Listings:  “Chaperoned” Showings Apparently, the way some agents persuade their selling clients to forego wide exposure on MLS and instead let them quietly market the home — presumably to their own Buyers — is by telling them that that’s the best way to cut down on curiosity seekers and other needless intrusion. No, it’s...
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