@CNNMoneyMay 2, 2013: 11:48 AM ET
With pocket listings, brokers hope to find clients with deep pockets who are willing to pay in cash.
NEW YORK (CNNMoney)
The housing rebound has given new life to an old, but little-known sales practice called "pocket listings," where agents reserve homes for serious buyers only.
Most homes that are put up for sale are posted on databases called multiple listing services (MLS), on which agents share information with one another in order to find buyers. There are open houses on Sunday afternoons and listings posted on real estate websites.