Realtor by laws can your realtor disclose other bids?

[Brian Bertschi]

Are there any laws for a realtor to not be able to disclose a bid on a property? My grandmother recently put in a cash offer for a condo. It was a few thousand dollars less than asking price. Her realtor said there are a few offers on the condo. When my grandmother asked what the offers were the realtor said she couldn’t say but my grandmother needed to make a strong offer. Any insight would help thanks.

[Lydia S.]

@Brian Bertschi

In New Mexico, this is decided by the seller on the listing agreement.  The seller and Realtor discuss the pros and cons of things such as this, as well as whether the seller wants a see any further offers after going under contract.

These points can be amended if the seller changes their mind.