By Marcie Geffner - California Real Estate
Pocket, or off-market, listings are a significant concern right now for Realtors. While the practice of keeping listings off the MLS is not new, the prevalence of this practice has been growing, creating an environment that can negatively impact both Realtors and buyers and sellers.
Traditionally, the term "pocket listing" generally referred to a home that was listed for sale to a broker, but was not marketed to other brokers through the MLS. The listing was figuratively hidden in the broker's pocket.
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