The National Association of Realtors is attempting to regulate a change in the Coming Soon environment - see above. The way it is written, however, will just take us back to the days when off-market deals were done behind closed doors because they are permitting the...
Pocket listings should keep the excitement level higher for now. From the Business Insider: The ultra-wealthy are known for being exclusive, and the way they handle the purchases and sales of their multimillion-dollar homes is often no exception. Now, that’s not to...
I participated in the PLS webinar recently: We're excited to be hosting our first ever ZOOM meetup with James Harris (Million Dollar Listing Los Angeles & Founding Partner, ThePLS.com). We'll be discussing Los Angeles real estate market trends for Q2 (and beyond)...
More tip-toeing around the Coming Soon topic in Realtor Magazine yesterday: The surge in off-market “pocket listings”—those held off the MLS in favor of secret channels and networks between agents or within a brokerage—is a growing issue in the real estate industry....
When the bluff-top mansion at the end of Malibu’s Sweetwater Mesa Road sold for more than $30 million in 2016, it looked like the end of a years-long intrigue involving the playboy son of the president of an oil-rich African nation. Instead, the sale and a quick flip...
For those who 'specialize in the off-market space', here's a new excuse to justify your unethical and probably illegal practices: "some buyers don’t want photos of the home they’re purchasing on the internet"....
If the uber-elite believe they need the privacy and are willing to leave mega-money on the table, then fine - pocket all you want. But the typical seller is better served by open-market exposure. All brokerages are getting into the game, and before long, pocket...
The standard knee-jerk response about pocket listings is to insist that some sellers don't want to be on the open market for personal reasons, and that's fine. In reality, those should be limited to major Hollywood icons who are unsure of how much their star-power...
Let's just quit N.A.R. and the rest of the bureaucracy and join together as a network of agents who share listings among ourselves! Hat tip to daytrip for sending this in: LINK For many high-priced and desirable properties, especially in metros such as LA, the sales...
The GSDAR is still suing their fellow realtor associations in town over MLS data syndication. But that didn't get in the way of them forging an agreement with this outside company to promote pocket listings. But I don't think they understand the 'pre-market'...
