BILL CHERRY, Broker & Wealth Coach (Bill Cherry, Realtor)

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Rainmaker
3,889,982
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Don't like the concept. There are exceptions. One would be when an agent has a buyer and happens on a listing that fits the bill. If it happens often, they need another sponsor!

Nov 14, 2015 08:33 PM
Ambassador
4,310,074
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

BILL CHERRY I personally do not like pocket listing.

I may promote 'coming soon' if I have sufficient time, however, pocket listings may not be in best interest of the sellers - my two cents.

Nov 14, 2015 01:59 PM
Rainmaker
3,985,753
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

NO!!!!, Illegal in Minnesota to promote any property we do not have a formal listing agreement on.  Plus, once we have the listing we have 3 days to get it on the MLS

Nov 14, 2015 10:29 AM
Ambassador
1,338,270
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

My listings are always Exclusive to the Brokerage or on MLS, at the Sellers' discretion.  "Pocket Listings" up here mean there has been no paperwork completed.  I tend to ignore any of those!

Nov 14, 2015 03:29 AM
Rainmaker
817,653
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

If I have a listing that the sellers don't want in the mls, I adveritse it other ways. But I don't claim that I have a pocket listing. I want every agent and potential buyer to know about it because there is very little chance i will also find the buyer. Some sellers are in divorce or child custody cases, others didn't want family or ex spouses to know they were selling and moving.

Nov 14, 2015 02:28 AM
Rainmaker
530,085
Gary Coles (International Referrals)
Venture Realty International - Las Vegas, NV
Latin America Real Estate

No, I do not believe in pocket listings.  I like your statement.

Nov 14, 2015 01:55 PM
Rainmaker
2,472,319
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

No I do not Bill.

Nov 14, 2015 12:37 PM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Never had one, but it seems rather foolish to keep them secret.

Nov 14, 2015 12:13 PM
Rainmaker
1,682,789
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

No

Nov 14, 2015 10:05 AM
Rainmaker
6,210,913
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Pocket listings could lead to problems in our market.

Nov 14, 2015 08:17 AM
Rainmaker
5,553,204
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we put all of our listings in MLS except tracts of land....we market for those and feed them to our own builder/developers..... they don't belong in MLS...there aren't enough agents who appreciate them and/or know what to do with them.... we know what to do.

Nov 14, 2015 06:29 AM
Rainmaker
5,219,509
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

No.  We alwas had one party exclusives or open listings that we did not tell the whole world about.  We shared those with clients, and agents whose ethics aligned with ours.  We also had our buyers sign an exclusive and they initialed on every property we showed on our survey.  A

Nov 14, 2015 03:20 AM
Rainmaker
1,434,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

BILL CHERRY It is mandatory that all listing go into our MLS unless the seller dictates in writing otherwise.

Nov 14, 2015 02:40 AM
Rainmaker
634,222
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

No.

Nov 14, 2015 02:27 AM
Ambassador
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I like your thinking Bill. 

Nov 14, 2015 12:50 AM
Rainmaker
84,298
Ernest Villafranca
Better Homes and Gardens Real Estate - Oakland, CA
3923 Grand Ave. Oakland CA, 510-418-9443

Yes, if there is no signed listing agreement watch out. Unless the seller has said don't put it on the MLS. Have never had one say don't put it on the MLS.

Apr 30, 2017 01:01 PM
Rainmaker
1,730,139
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

BILL CHERRY ...I do put some ...COMING SOON on my web-site ....If it's just somebody that says to keep their home in mind if I have someone it would work for then I don't.

 

Nov 15, 2015 03:55 AM
Rainmaker
3,756,892
Richard Weeks
Dallas, TX
REALTOR®, Broker

No.  I hate the entire concept.

Nov 15, 2015 01:53 AM
Rainmaker
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Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't do pocket listings.... they don't do much for a seller and I've never had one ask me for one.

Nov 14, 2015 10:05 PM
Rainmaker
4,433,283
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I have never listed a pocket listing.

Nov 14, 2015 08:46 PM
Ambassador
2,759,312
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Sunday morning Bill. I'm not sure about the state of Tennessee I will have to check into that.

Nov 14, 2015 06:46 PM
Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

If I have a pocket listing I get written permission to continue to advertise it.

Nov 14, 2015 02:10 PM
Rainmaker
3,239,659
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

BILL CHERRY This is very good question.

Nov 14, 2015 12:19 PM
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I do not as my allegiance is to my sellers and the listings I carry. I advertise and promote them but if they don't work for a prospect or client I would mention other possibilities.

Nov 14, 2015 10:59 AM
Rainer
230,924
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

we sometimes mix up a signed agreement and a pocket listing. in the ole days pocket simply that you knew someone who wanted to sell, but didnt want it "out" there. i have given this opportunity to a few agents. i wouldnt mind selling, but dont want it widespread.. talk to your clients and your buddies. However when one did come up, i would sign an agreement for that one buyer.  this is common. i would not want it advertised however

Nov 14, 2015 06:49 AM
Rainmaker
1,157,329
FN LN
Toronto, ON

My answer is the same as Susan Emo.  We are in the same province.

Nov 14, 2015 06:38 AM
Rainmaker
582,084
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Bill,
No but I do advertise that the best house to buy may not be active in the MLS. It may be an expired, FSBO, cancelled, etc.

Nov 14, 2015 06:03 AM
Rainmaker
4,799,256
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I do not advertise that I have pocket listings.  I do advertise coming soon listings where the seller has authorized me to withhold the listing from the MLS (typically for a week), and I have time to begin the on-line marketing before it hits the MLS.  Though, if any agent want to see or view the home with a client, I can show them that they will be compensated per the listing agreement.

Nov 14, 2015 03:33 AM
Ambassador
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Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

No, I only talk to those who I know have clients that might be interested

Nov 14, 2015 03:00 AM
Rainmaker
368,389
Cindy Davis
SD Home Source Realty - San Diego, CA

I don't take pocket listings as a rule. I generally think it's in the best interest of the seller to have the property on the mls.

Nov 14, 2015 02:41 AM
Rainmaker
1,345,213
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

It is all too likely that a client may want to sit out of the MLS.  In California you can select to exclude yourself from the MLS.

Nov 14, 2015 02:20 AM
Rainer
90,455
Val Evans
Scottsdale, AZ

 Bill, there are a multitude of reasons why sellers don't want their properties advertised on the MLS. Case in point with some of my friends. Many of their clients are private business owners who wish to keep their financial dealings a secret from their competitors. Whether this be their personal residences, their commercial holdings, or even large equipment purchases or liquidations. In this day and age of the free flow of information, and with the ease of which it can be obtained, it's very easy for a would be business competitor to use any financial information obtained as a hedge against you in a business deal. I've seen it happen many times.

Nov 14, 2015 02:07 AM
Ambassador
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

No that is a violation of our NWMLS agreement...

Nov 14, 2015 02:05 AM
Rainmaker
537,032
Mark Don McInnes, Sandpoint
Sandpoint, ID
North Idaho Real Estate - 208-255.6227

While we may be able to speak of it our MLS's have put a stop to actual advertising.  24 hours after any public advertising needs to be in MLS or fine is possible.  mark

Nov 14, 2015 01:52 AM
Rainmaker
3,069,284
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

I'm with you on this Bill.

Nov 14, 2015 01:44 AM