Pocket listings, the truth?
We have a great real estate agent, but we gave him a day off today and looked at a few open houses on our own. The agents in the open houses were of course hungry for clients but we were clear with them that we already have an agent we were happy with. Several of them claim to have "a lot" of pocket listings in the area, saying something along the lines of "the seller doesn't want to pay two commissions."
What's the real skinny here? Is there really no way to get access to those houses without having the listing agent as your buyers agent? If so it seems like this is a no win situation, because not only are you stuck with dual agency but there would be no way to have access to all of them because any given agent can only show you theirs.
We're not going to switch agents, but we want to know that we're getting access to as much inventory as possible. What should we do?