Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Contractors
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

31
Posts
15
Votes
Syman Scarpellino
Pro Member
  • Investor
  • Eureka Ca
15
Votes |
31
Posts

Code of Ethics and Bad business practices

Syman Scarpellino
Pro Member
  • Investor
  • Eureka Ca
Posted

Hey BP, been working on a off market deal for the past couple years. We finally agreed to terms and had a attorney draw up the paperwork. (Luckily both parties signed when we did) 

I contacted a few contractors to handle to remodel. One of the contractors turned around and called the seller and offered more than I did (shame on me for sharing purchase price I suppose). 

The seller clued me in to the offer asking if they could pull out and go with the higher offer. Which they cannot of course. 

My question is about the legal ethics of a contractor being asked for a bid and going behind the potential clients back to make an offer on a property using the info the client provided. 

I have email proof of the request for the bid , from the seller proof of the offer and even a text message apologizing for the lack of ethics. 

Do I have legal recourse? Should I keep a lawsuit in my back pocket to make him back off ? Now the seller will be looking for any small breach of contract  

  • Syman Scarpellino
  • Loading replies...