Real Estate Brokerage

Why Pocket Listings of Homes For Sale Are Not In the Consumer Interest

CFA’s new analysis of pocket listings, explains why pocket listings harm both home sellers and buyers and also threaten a free, efficient, and non-discriminatory housing market. Pocket listings occur when an agent keeps a particular real estate sale listing within their company rather than putting it on the Multiple Listing Service. CFA applauds the National Association of Realtors (NAR) for voting earlier this week to limit the use of anti-consumer pocket listings by real estate agents. CFA, however, also urges the NAR to restrict use of “office exclusives” that allow agents to market new listings within their own firm before they appear on local Multiple Listing Services (MLSs).