CRES ClaimPrevent® Webinar: Possible Pitfalls of Real Estate Whisper Listings
CRES Insurance Risk Management Webinar Series · CRES Insurance
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Show Notes
Given the current Seller’s market and scarcity of homes for sale, office-exclusive listings (also called whisper listings) have become a more common occurrence. In this situation, a broker/agent takes a listing with a buyer in mind, so the property is never advertised to the general public via the MLS and/or other public sources.
This practice is not illegal or unethical in and of itself — however, it is problematic and does present several possible pitfalls. Watch the webinar (or review the transcript below) to learn more about the pros and cons of whisper listings, commission issues, differences with pocket listings, “coming soon” listings — and how to reduce your risk while doing business.