What is a Pocket Listing?

Study for the Arizona Salesperson Test with flashcards and multiple-choice questions. Each question is paired with helpful hints and detailed explanations. Get ready to ace your exam!

A pocket listing is an off-market listing that is known only to the seller and the listing agent, which means it is not published or publicly advertised in any listing services or marketing channels. This type of listing allows for privacy and exclusivity, as the seller may wish to keep the sale discreet, perhaps for personal reasons or to test the market without committing fully to a public listing.

With pocket listings, information about the property is typically shared selectively, often relying on the listing agent's network to find potential buyers. This approach can create a sense of exclusivity and may sometimes lead to quicker sales since interested buyers may feel a sense of urgency and rarity when they are informed about a property that is not publicly available.

In contrast, the other options describe listings that are more open and widely marketed, which is the opposite of the nature of a pocket listing.

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