NOT LISTEDSANTA MONICA CONDO - SUNSET PARK2 BEDROOM / 2 BATH / 1400 SQ FTFOR LEASE --$4500 / MOS Quiet Unit in Great complex. Close to Pool and Spa this 2BR 1.75BA Condo has a large living room
SELLERS WANT TO DO A POCKET LISTING OR BUYERS LOOKING FOR A POCKET LISTING BEWARE STOP DONT
There are so many reasons why the California Association of Realtors should read this article and out law the practice, so many opening for fraud, not having full disclosures and not having it presented to the public so market conditions dictate the sale not the brokers. Need to protect the owner many ways to do this without doing a pocket listing. "Another important fact about pocket listings is that they always result in dual agency. The term is a misnomer in that dual agency is really no agency at all." So we now have a double header of DO NOT DO's
"Pocket listings are just one more example of a market manipulation designed to hurt consumers and double the pay to brokers. Consumers should never agree to pocket listings and should walk away from any agent who suggests that they should consider it." --- well said
DBA "West Los Angeles Real Estate Group" ....