Agent warns of pocket listings, other 'seller's market shenanigans'

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Anthony Gilbert, an agent with Windermere Real Estate serving communities in the Seattle, Wash. area, says the seller’s market there has led to “all sorts of shenanigans” in which agents seem to be skirting or ignoring laws and MLS rules by engaging in pre-marketing. pocket listings and dual agency. “I’ve seen numerous MLS listings in the last few months … which were entered into the MLS and then immediately changed to ‘pending inspection’ or ‘pending’ … within only seconds after input; meaning, that it’s rather obvious a buyer was obtained before the listing was input into the MLS,” Gilbert reports. Source: realfx.com.