Delaware License Law
What is a 'pocket listing' and what concerns does it raise under Delaware license law?
AA listing marketed exclusively through a broker's personal network without MLS exposure — which may raise concerns about the broker's duty to expose the property to the broadest market to achieve the best price for the seller✓ Correct
BA listing where the broker pockets extra commission above the agreed rate
CA listing that the broker keeps in their desk without marketing it
DA government-subsidized listing program for affordable housing
Explanation
A pocket listing is marketed off-MLS, limiting exposure. While not illegal, it raises concerns about whether the broker is truly acting in the seller's best interest (fiduciary duty of loyalty). Limited exposure may result in a lower sale price. The Delaware Real Estate Commission and NAR have addressed policies regarding off-MLS marketing.
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