Pocket Listing

Pocket Listing

The listing of an MLS-member real estate agent that has yet to be listed on the MLS. The agent keeps the listing “in his pocket” instead of posting it to the MLS database. The agent looks for buyers via his connections – hoping to keep the entire 6% commission, no doubt. Agents claim that sellers can benefit from pocket listings – but even the National Association of REALTORS knows that is baloney.