Pocket listing are typically those properties which are going to enter the market as active listings but are being held back by the Seller's broker
Pocket Listings are now known as "Coming Soon"
The national organization to which real estate agents belong, recently has regulated the use of "Coming Soon" listings for the main reason that it cheated sellers. How?...
Limited Exposure = Lower Price for the Seller
It became clear that pocket listings, due to limited and restricted exposure, prevented Sellers from getting more Buyers to compete for their homes. Why would agents do that?
A pocket listing gave an agent a chance to sell their client's home to that agent's own buyer possibly providing the agent a "double commission". But almost always the Seller, to whom the agent has a fiduciary duty to serve, suffers in this exchange. So pocket listings have been regulated out of existence; however...
Agents are allowed to list "Coming Soon" properties, they just can't actively market them and they won't appear on the public portals like Realtor dot com etc. So how can you search for these listings and get ahead of other buyers?...