Part of an agent’s responsibility is to get the best possible deal for her client: for a seller’s agent, that usually means negotiating the highest price for the property for a buyer’s agent, the lowest. Usually with a pocket listing, the seller’s real estate agent actively seeks a buyer and connects the buyer with the seller, thus collecting a commission from both parties – a situation that is defined by law as dual agency representation (which is legal in Nevada).

A pocket listing does not always mean a conflict of interest.Here are some of the facts you need to know before listing your property off-MLS. For a seller looking for a fast, unobtrusive way to sell his home in a hot seller’s market, a pocket listing is worth considering. Handled properly, they are not unethical either, although they do receive bad press in the media from time to time. While not a market “best practice”, pocket listings are not unlawful in Nevada.

Rather than expose the property to as wide an audience as possible, the selling agent will only show the home to the people they think will buy it.

Exploding the Myths About Pocket ListingsĪ pocket listing is a colloquial term for real estate properties that are marketed without being entered into the Greater Las Vegas Association of Realtors® MLS (multiple listing service). Lori Ballen, the owner of this website, benefits from purchases made through her affiliate links.

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