The National Association of Realtors (NAR) passed a measure that bans pocket listings and requires members to post a new listing on the Multiple Listing Service within one day. Pocket listings – or off-market listings - are popular in high priced markets and often result in a listing agent keeping commissions on both sides of the transaction.
Posted by Jeff Mindham
Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies.
I have a master’s degree from the University of San Francisco and a BA degree in Communications.
