Pocket Listing – Business Broker Terms – Free Consult

In Sarasota, Florida, a Business Broker dealt with a pocket listing for a local café. While the broker had verbal authorization to sell the business, there was no written agreement securing this arrangement. This absence of formal documentation meant the broker could not publicly advertise the business for sale to protect its confidentiality and avoid any potential harm to the business's reputation if word leaked. Additionally, without a written contract, the broker faced significant risks regarding proving the legitimacy of their actions and ensuring payment for their services upon successful sale. This scenario highlights the complexities and potential pitfalls of managing a pocket listing in the business brokerage field.