Posted by Jimmy on October 21, 2006 at 10:28:51:
not returning calls is unprofessional, but not something that will get the agent in trouble.
However.
not communicating an offer to the owner is a problem. but the offer needs to be an official one (as opposed to a verbal one).
How do you know the agent made a higher offer than your first?
Dang real estate agents!!! - Posted by peil
Posted by peil on October 20, 2006 at 12:35:33:
When i make a lowball offer on a peice of property…and the owner tells his agent yes…can the agent then just offer 500 bucks more or something to steal the deal because he didnt think the seller would take a lowball offer before? Is that legal for them to do that?
yep - Posted by Jimmy
Posted by Jimmy on October 21, 2006 at 08:01:51:
perfectly legal and ethical. the agent just enriched his client by $500. and remember, the agent represents the seller, not you.
Re: yep- Geeze! - Posted by Jack
Posted by Jack on October 22, 2006 at 15:36:41:
I hope you are not a relator. It might be legal, certainly not ethical. He should be reported to the local Raltor Association with a written complaint. Another reason and poor attitude that any investor should see as proof why relators are not Investor friendly.
Re: yep - Posted by Peil
Posted by Peil on October 21, 2006 at 10:20:55:
What if i wanted to make a higher offer than the realtor, but he wouldnt take my calls or return them, just so he didnt have to have a bidding war with me? Is that legal and ethical?
I Disagree - Posted by Jimmy
Posted by Jimmy on October 23, 2006 at 07:18:36:
not a realtor. am a lawyer. I am unaware of any rule that says a realtor cannot buy a property from a client. on the limitdfacts presented, there is nothng wrong. but see elaborated facts below.
Re: yep - Posted by Rich
Posted by Rich on November 04, 2006 at 21:41:13:
You could try contacting the owner directly. It would be more difficult if they do not live in the property, but they need to know if their agent is not representing them in passing on a bona fide offer. Make the offer in writing.