Short answer? No. It all depends on the strategy you’ve outlined with your agent, explains top-selling Boston-area real estate agent David Shorey. “When I’m the listing agent, I sign a contract with the seller where we agree on how to handle offers that come in [upfront],” Shorey explains. When it comes to disclosure, … See more NAR’s Code of Ethics also requires real estate agents “to be honest with all parties.” So an ethical listing agent isn’t going to lie about multiple offers on a property to stoke competition. False information like that … See more “I think, as a seller, it makes a lot of sense to disclose that you have multiple offers to all buyers,” Shorey says. “Many times that will encourage buyers to improve their offers.” Here’s how disclosing other offers could benefit you: It … See more Disclosing multiple offers does come with its own inherent risks. Depending on your market, and the guidance of your agent, you might decide … See more A multiple offer scenario happens when two or more buyers make offers on a home at around the same time. While this can happen in any market for a competitively priced home, you’re most likely to encounter it … See more WebAug 20, 2024 · A successful real estate agent generally sells a minimum of one home a month, or 12 homes a year. You might also ask for references. Some agents list testimonials on their websites, but they withhold the clients' names. It's possible that person isn't actually a client if they're not comfortable having their name published.
NCREC Bulletins – How to Handle Multiple Offers
WebDec 11, 2024 · Avisha. Most people are unaware that real estate agents are not legally required to present offers to the seller. In fact, the National Association of Realtors (NAR) does not have a rule that requires agents to present offers. However, many real estate agents choose to do so because it is part of their fiduciary duty to the client. WebAccept one offer and reject the rest; Submit a counter offer to one or more offers and reject the rest; Submit a counter offer to one or more offers and wait for a response; Reject all offers; Invite a few or all of the buyers to submit their best offer. When the seller decides to counter a few or all of the submitted bids, a multiple offer ... grey living room curtains
Can Real Estate Agents Lie About Other Offers? Club4Rich
WebEssentially lying about multiple offers is an attempt to get the sale done and put money in the realtor’s pocket. However, the realtor is not automatically lying when they tell you … WebA Realtor is a real estate agent who is an active member of the National Association of Realtors (NAR). Founded in 1908, the NAR is the largest trade association in the United States. Active real estate agents who would like to join the organization must have a valid real estate license and an immaculate professional conduct record. WebOct 22, 2024 · As a result, the answer to can a Realtor lie about multiple offers is absolutely yes. It’s also much easier to commit a “white lie” when you aren’t required to … field discing patterns