Agency
In Louisiana, a 'pocket listing' (off-market listing) raises potential issues because:
AIt is always illegal under Louisiana License Law
BIt may not serve the seller's best interests if it limits exposure and potentially results in a lower sale price due to restricted competition among buyers✓ Correct
CIt is only allowed in the New Orleans market
DPocket listings are required to be registered with the LREC
Explanation
Pocket listings (not marketed on the MLS) limit a property's market exposure. This may not serve the seller's best interests if broader exposure would generate more competition and higher offers.
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