But violators must be reported by their peers, and are generally subject to only small fines. Pocket listings have become so commonplace that in November 2019, the National Association of Realtors prohibited the practice for its 1.5 million members, who represent about three quarters of active real estate agents in the United States. ![]() But detractors say they aggravate inequalities in a housing market already plagued by racial and socioeconomic disparity. ![]() One analysis from Redfin put the increase at 67 percent, and in some markets, it’s estimated that as many as 20 percent of all listings are now available only to buyers with the connections to hear about them in the first place.īrokers and buyers alike credit these secret listings with offering a leg up in a lopsided market where demand far outstrips supply. Pocket listings, the practice of brokers selling a home through private networks rather than on the open market, have skyrocketed during the pandemic. In doing so, she had a distinct advantage over other buyers in the market for a family home in the suburbs of New Jersey: a broker was showing her houses that had not been publicly listed. In April, as the frenzied real estate market approached a fever pitch, Bridget Medina jumped into the fray.
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