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Updated almost 8 years ago,
unethical listing agent - maybe
I frequently offer on bank owned properties in the MLS through my agent. There is one listing agent that always says the seller responds with highest and best. I used to give highest but now I just withdraw the offer. Then I'll notice the house does not sale and sometimes has a price drop lower than my offer. This happens over and over, but not nearly as often with other agents.
I think it's either a lie, or he tells his investor to offer and it's a legitimate highest and best. Then his investor just offers a little over my highest.
If I'm right, is this illegal or unethical?
I'm tempted to just offer through the listing agent who does this. I hate to do that because it rewards his deceit and hurts my agent.
I have no proof. Is there anything I can do?
I wish I could find out who the other offerers are. It would be meaningful if it's the same person each time. It's probably easy to show a pattern if I saw the data - or to see that I'm wrong.