Click Follow Search to get alerts on new listings, Q: My Fiance and I are working through a Broker and have made an offer on the house. The very best real estate agents are the ones who communicate openly and give all interested parties the chance to participate and make a serious offer.
Can you legally disclose offers? There are no favourites and all potential buyers are included and engaged. Do you know someone who might benefit from this article? THE PAYOFF: Double commission. Sorry, you don't get to choose whether you are the only bidder or not. Join Yahoo Answers and get 100 points today. Can you legally? Since the agent told you, there is probably a good chance he may tell the other bidder about your amount. Real Flow Finance Pty Ltd Trading As Commission Flow © 2020 | Site designed by Fuel Group | Real Flow Finance Pty Ltd ACN 164 355 051 (Real Flow Finance) is a non-bank lender specialising in loans for real estate agents secured against future receivable commissions. Why? When sales are made in an open and honest manner, it’s a win for everyone.
Occasionally, a seller may accept a lower sale price if the overall offer is more appealing. A: This is one of those unintended consequences of the current real estate market. THE property market can be a delicate balancing act. If the listing agent told you, I suspect they will tell the other bidder your offer also. Laughing is not a professional act regardless if you had offered $1.00.The Broker representing the seller is allowed to disclosure anything they learn that would benefit their client. Which is the most luxurious residential project in Ghatkopar East? If the listing agent told you, I suspect they will tell the other bidder your offer also. do you think the housing market will recover soon? Get your answers by asking now. If a seller is choosing between a high sale price where the buyer is subject to finance, versus a lower sale price where the buyer does not require finance, the lower sale price might be seen as a more secure option. Second, the agent was being somewhat unethical by telling you the amount of the other bid (unless approved by the seller), although there is nothing unethical about telling you another bid was made. As a real estate agent, there’s no better situation than to have multiple offers flowing in for a property you’ve listed. Jay, It is sad that our industry INSIDE and out do not trust REALTORS®! If you have questions, you can call her radio show toll-free (800-972-8255) any Sunday, from 11 a.m. to 1 p.m. EST. Can you get an apartment if you have bad credit, but make MORE than 3x rent? Still have questions? Julie Chapman is a Realtor® with Chapman Realty in Brunswick, GA. Many agents simply believe they’re not allowed to. Statutory laws dictate contract procedures not the code of ethics. They educate the vendors and explain to them what their options are in the event of multiple offers. Wouldn't that Realtor still have to submit the offer and not give up information about the so called other offers on the house? But we all know how well laws work when there is a lot of money involved. Why you should care: By law, real estate agents must present every offer to their client. Scott Holland says. Does it hurt your credit to move in the middle of your lease!?
We should all expect to negotiate with other professionals honestly and professionally with integrity and unquestionable ethics. At an auction, the bidding process and all offers are completely transparent.
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