Georgia License Law
A 'pocket listing' (selling without MLS exposure) in Georgia:
AIs strictly prohibited by GREC
BIs generally permitted but raises potential fair housing concerns and conflicts with MLS policies✓ Correct
CIs required for properties over $1 million
DMust be approved by GREC in advance
Explanation
Pocket listings are not specifically prohibited by GREC but raise concerns: they may limit market exposure, could be used in discriminatory ways, and may conflict with MLS Clear Cooperation policies requiring prompt listing submission.
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Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
Fair Housing ActFederal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
State-Specific Concepts
GREC Regulation
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