How to protect yourself with pocket listings

4 Replies

Hello,

I have a mailing list of potential commercial / retail strip buyers of about 400 people in my database. I have pocket deals where I want a way to present the pocket listing to my database of 400 buyers, but I don't want them to go around me to the owner directly. I could have them sign a CA, but the property address would be on there. How do you go about presenting pocket listings, but also protecting yourself as a Broker?

Even though it's a "pocket listing", you should still have a signed listing agreement with the seller with exclusive right to sell the property. How can your buyers go around you?

Wayne I thought about that but an obstacle I saw was what if their friend buys the investment. 

As I write I'm starting to think you can only get protected so far then it would require a full listing beyond a certain point.