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Updated almost 4 years ago on . Most recent reply

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John Moore
  • New to Real Estate
0
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16
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Agent playing games, has this happened to you?

John Moore
  • New to Real Estate
Posted

Called and spoke with listing agent. She explained they had 2 NC offers on table. She told me a ballpark on price to be compete. Tried to get agent to draft and submit offer on my behalf no luck.

Called next day, she said one buyer is aggressive and given her listing post close, all cash, NC, clean terms. I said thats fine, we have not even discussed my offer as you have not drafted anything for me. and she will rep that other buyer too.

Simple put, I said I will match their terms and come up in price. She still hesitated and said well maybe, but then would have to tell the other buyer, they will come up in price and then we will go back and forth.

Note: she has never worked with the other buyer, but I guess she likes them more.

Not just completing other investors for properties but now completing with agents to even submit offers.

Property Location:  Los Angeles, CA. 

Most Popular Reply

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172
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107
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Jake Alger
  • Real Estate Broker
  • Bellevue, WA
107
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172
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Jake Alger
  • Real Estate Broker
  • Bellevue, WA
Replied

In my opinion, I don't think she's being ethical to begin with. If she's juggling multiple offers, she should either 1 - remove herself from representing any buyers and refer them out to another agent (can take a referral fee) or 2 - have a managing broker or someone licensed within her firm handle the negotiations directly with her seller (with all offers being sent to that person). Thus, removing herself from ever seeing any of the offers and giving her the ability to represent a buyer as well.

If it's a newer agent, they likely don't know what to do and thus you're getting the weird responses. If it's a seasoned agent (which I doubt in this circumstance), they seem shady and I wouldn't do business with them to begin with.

Just my 2 cents.

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