Rhode Island License Law
What is a 'pocket listing' and what ethical concern does it raise for Rhode Island licensees?
AA listing where the agent pays the commission from their own pocket
BA listing that is not entered into the MLS, which may limit exposure and raise concerns about the licensee's fiduciary duty to the seller✓ Correct
CA listing for a property with a storage issue
DA confidential listing required by the DBR
Explanation
A pocket listing is a listing not placed in the MLS. This limits the property's exposure to the market, potentially reducing competition and the seller's final price. Licensees have a fiduciary duty to maximize their seller's benefit, and keeping listings off the MLS can raise ethical questions.
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