First off, they are misusing the term "pocked listing" as to real estate terms, it's buzz, no big deal, but know a pocket listing is generally illegal by RE Commission regs, where an agent simply holds the listing contract and doesn't actively work it until they come across a potential buyer, they keep the listing in their pocket.I do not advise newbies to use a listing agent to buy, in a dual agency (which was misguided in that video) the listing agent represents the seller not the buyer.

A real estate broker, for the purposes of this article, is defined to be a person, firm or corporation who, for a fee, commission or other valuable consideration, or by reason of a promise or reasonable expectation thereof, lists for sale, sells, exchanges, buys or rents, or offers or attempts to negotiate a sale, exchange, purchase or rental of real estate or an interest therein, or collects or offers or attempts to collect rent for the use of real estate or solicits for prospective purchasers or assists or directs in the procuring of prospects or the negotiation or closing of any transaction which does or is contemplated to result in the sale, exchange, leasing, renting or auctioning of any real estate or negotiates, or offers or attempts or agrees to negotiate a loan secured or to be secured by mortgage or other encumbrance upon or transfer of any real estate for others, or any person who, for pecuniary gain or expectation of pecuniary gain conducts a public or private competitive sale of lands or any interest in lands.

I have had instances before where overseas they get hit with a bad storm or earthquake and they are out of commission for a week.I have found using local people close to your business tends to work well at least it has for me.   

I hear NY pays their leasing agents based off commission as if they were real estate agent brokers.

I typically subtract 3%, of the ARV.Realtor Fees: What is the commission you are willing to pay your listing agent (unless you are the listing agent) and the buyer's agent.

We followed his lead, even joining a 100% commission, very low support brokerage in exchange for him promising my wife and I that we’d achieve a Keller Williams level support from him, without the painful commission split.

The team/agent community is highly competitive and if they were lying there would literally be hundreds of complaints from other teams to the real estate commission from these.Also the top teams are typically listed by a number of different reporting agencies such as realtrends, the wall Street journal etc.

I would agree that if your only reasoning is to gain MLS access than its probably not worth it but as a current wholesaler I would think you could expand your business with your license and not necessarily have to get into representing buyers and seller aside from your investors, which includes the resell side commissions for your investors who could use you for the sales on the tail end of their flips projects along with purchasing the deals you find for them on the front end.

Do you expect a commission?

Company charge $30,000 on assignment fees, take another $80,000 in hard money interest and make the listback mandatory with $30,000 in listing commissions.