Contractors
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,
Code of Ethics and Bad business practices
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