Consumers cautioned about `pocket listings’ – East County Business News by Rick Griffin

June 17, 2024 – Our town took a magical trip down memory lane today. The Model T Ford Club of America rolled into town for their 2024 National Tour. 

Dozens of these magnificent Model T’s lined our streets. It felt like stepping back in time.

The visitors took a stroll through our town’s rich history, from the old Lakeside Inn, the Auto Speedway route, made famous by racing legend Barney Oldfield, to our charming historic buildings and homes.

The Lakeside Historical Society opened their doors, welcoming everyone to explore the chapel, museum, Gift Shop, and the Speedway monument. It was a little slice of the past brought back to life.

Their visit was short, but the memories will last a lifetime. A huge thank you to the Model T Ford Club of America for stopping by and making the day in our hometown so special.

East County Business News by Rick Griffin

Consumers should be cautious about “pocket listings,” a real estate industry term referring to a private for-sale home listing that has not been advertised or entered into a local Multiple Listing Service (MLS), according to the California Association of Realtors (CAR). Gov Hutchinson, CAR assistant general counsel, recently discussed pocket listing at a legal update meeting hosted by the Pacific Southwest Association of Realtors (PSAR), a San Diego-based trade group that offers resources and services to local realtors. Hutchinson said that bypassing the MLS could affect the typical seller’s interest in procuring the highest and best offer. He also said realtors privately offering pocket listings could expose their listing office and themselves to liability involving breach of fiduciary duties, ethics violations and fair housing and antitrust issues.