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'...
Part of the story about the Pre-MLS sales was that the local rules require that agents have 48 hours to input their new listings. The last paragraph of the story: The waiting period before a listing is submitted into the MLS was originally put in place to accommodate...
In a world accustomed to shock and awe, it seems that all media outlets feel the need to bolster their headlines to grab more eyeballs. The I-News is no exception:...
Once lawsuits start flying over pocket listings (which limit exposure, and thus selling price), the practice should end quickly. Agents don't think there is anything wrong with them because they see so many other realtors doing it - heck, there are websites devoted...
Realtors will put a twisted spin on any new gadget in order to justify hoarding commissions. In this article, one manager convinces himself that because he gets '300 emails a day and four actually apply', it's good to use a separate system that enables pocket...
