However, a pocket listing raises a number of legal and practical issues that agents should consider and address as discussed below. A “pocket listing” is not a legally-defined term, and can have other meanings as discussed below.Ī Yes, a pocket listing can be legal. Many local MLSs adopt the Model MLS Rules in its entirety, whereas other MLSs may have slight variations and may have different numbering systems.Ī A pocket or off-MLS listing generally refers to a listing agreement that an agent has obtained but does not place on the MLS. REALTORS®, however, must comply with their own local MLS rules.
Please note that this article references the California Model Multiple Listing Services Rules (Amended February 2013). This article will discuss the various legal issues and risks of pocket listings. Listings not placed on the MLS are commonly referred to as “pocket listings”. At times, however, listings are not placed into the MLS. REALTORS® marketing a property for which they have obtained a listing will generally place that listing on the Multiple Listing Service (MLS). Pocket Listings and the REALTOR® Code of Ethics and Standard and Practices Pocket Listings and California Real Estate Law
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