Realtors Ban Pocket Listings

By Brad Beckett

At their recent national meeting in San Francisco, the National Board of Realtors passed a resolution that bans “pocket listings” for realtors participating in its Multiple Listing Service (MLS). The NAR’s board of directors took the step in a resolution entitled MLS Statement 8.0 (also known as the Clear Cooperation policy) which requires listing brokers to submit their listing to the MLS within one business day of marketing the property to the public, effectively ending the practice of “pocket listings.” Local MLSs will have until May 1, 2020 to implement this new policy.

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2019-11-14 Realtors Ban Pocket Listings | By: Brad Beckett

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