Ok or not for real estate agent to discus offers

[Shawn Callan]

I have heard some conflicting thoughts on this subject. I was told that a listing agent could tell a buying agent the price of other offers as long as it was not specifically prohibited in the contract? It sounded like laws had changed the ability for agents to be able to discus this. I was also told by a different agent that discussing other offers in this way was against their code of ethics? It seems to me that the ability to discus the price of offers would be beneficial to all parties but I’m also curious if this issue is a state by state thing as well?

Thanks for the input and help

Shawn

[David M.]

@Shawn Callan

Yeah, I never got this part... for some reason real estate transactions likes to have closed bidding.. anyway... remember that real estate agents are NOT necessarily Realtors. Also, the Realtor Code of Erhics prevents disclosures of the offer terms unless the client has expressly allowed it.

Hope this helps.