Agency
A 'pocket listing' refers to a property that is:
AListed exclusively with one buyer
BSold without being exposed to the open MLS market✓ Correct
CListed below market value to generate multiple offers
DA foreclosure property held by a bank
Explanation
A pocket listing (or off-market listing) is a property the listing agent sells without putting it on the MLS, limiting exposure to the broader market. While legal, agents should ensure this practice is consistent with their fiduciary duty to maximize the seller's proceeds.
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