Reply to Why am I seeing so many houses for sale, but not listed on Zillow?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]
An office exclusive is when your home is sold by an agent, but not put on the MLS. Instead, it is shopped around where your agent works, or their "Brokerage.” Another word you might hear for this is a "pocket listing."[/quote]

I can't recall so many of these before. Now there are several listed this way. Why would they do this?
[/quote]
 
We live in NW DC and there’s a ton of these here. Compass is the main culprit. It proliferated in the aftermath of the NAR legal settlement. If the listing doesn’t go on the MLS, agents can still collude on fees.

We’ve had a few threads on here about “exclusive” listings. They are almost never to the advantage of the seller. [/quote]

How does a pocket listing enable agents to "collude" on fees?[/quote]
Because if the only agents who know it’s for sale are in your office, the buyer’s agent will also be in your office and your office will get all of the fees.

Zillow banned these, Homes.com allows them, there’s a big fight about it currently. Lots of articles if you google.

Pocket listings or private exclusives never benefit the seller. [/quote]

Pocket listings are available to any brokerage, they just don't go on MLS. And agents don't make more money if the transaction involves agents from the same brokerage. So no one is colluding on fees despite the paranoia and hysteria on this site about realtors. [/quote]

What are the advantages to the seller and buyer of not going on MLS?[/quote]

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