Escalation clause disclosure

[Naphese G.]

Does a buyer have the right to know the terms of competing offers when an escalation clause was part of the offer?

Specifically in Maryland

Thank you in advance!

[Chris Seveney]

@Naphese G.

From a website as I ran into this in the past

Just because your offer has an escalation clause doesn’t mean that the seller has to abide by it. The seller can counter back with your maximum price or any other price/terms that he or she chooses. If the seller was not countering but was rather just upping the price based on your client’s escalation clause, then he would most likely have to provide a copy of the other offer (make sure you check the language of your clause).