The Trick: The agent says they have thousands of buyers in their database, and your home may be sold before it hits the market.
The Truth: The agent is trying to sell the house before they place it on the MLS, so they can represent both seller and buyer and double their commission.
This is known as a "Pocket Listing", and it is notorious for the seller making MUCH LESS MONEY. Even the Realtors® Assoc. has warned of the danger.
1. The MLS enables a seller to offer a commission to buyers agents. Agents will NOT go to
homes where a commission is not offered.
2. The MLS pushes home info to websites such as Realtor.com, Redfin, Zillow, Trulia, major brokerage sites, plus many others.
Simply put, when a seller pays a 6% commission to sell their home, half (3%) goes to the listing
agent and half (3%) goes to the buyers agent.
The Trick: The agent says your house is worth much more than you, or any other agent, thinks.
The Truth: The agent gets you excited by saying he will get you a higher price than any other agent has stated. This is known as "Buying a Listing".
Once your home is listed, it won't sell. Eventually the agent will talk you into lowering the price to the true value.
You can list on the MLS directly through our website. We guarantee to be the FASTEST, SAFEST, and EASIEST way to list your home on the MLS. If you don't agree, we'll refund you our fee. No gimmicks, no fine print - unlike the other guys!