A perennial conversation around real estate agent circles is whether or not pocket listings are a force for good or evil. Some say they should be allowed because it usually benefits the buyer/seller if the agent reduces their commission while others say it isn't a fair practice to keep houses off the 'fair' market economy. The recent NAR Mid Year conference asked some important questions about the subject, but that conversation as well as any of the other discussions we've seen still focus on some of the old ways of doing real estate.
As the industry undergoes the massive upheaval and moves away from a property-centric model towards one that emphasizes what people want to buy many of the issues surrounding off-market listings fall away. Once sellers (and potential sellers) see what Buyers are looking for it becomes less about protecting privacy and more about getting the attention of that Buyer's real estate agent as soon as possible.
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