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pocket listing

   Also found in: Wikipedia 0.01 sec.
pocket listing

A private agreement between a property owner and a broker,in which the owner agrees to pay a commission if the broker produces a buyer, but there is no listing agreement, no obligation to market the property,and no signage or advertising.



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That's because a some high-end deals are known as pocket listings in industry parlance, which means they never hit the multiple listing service and thus are not included in official sales counts, he said.
The buyer agent has a way to cut down on the time searching for properties and exposing their buyers to pocket listings and other properties that they might have missed.
 
 
 
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