Anti-Wholesaler tactic

[DL Martin]

I am in Cincinnati attending the Hondros Real Estate Licensing class. Earlier this week, one of the instructors, a broker in Cincinnati, stated that on all of his agency's listings at $100,000 or less, he has the seller sign an addendum absolving him of the obligation to present all offers under a certain dollar amount. He said that all of the brokers in this area have enacted this action in reaction to area wholesalers whom habitually submit unrealistic offers. I thought that this was a pretty clever move on the part of the broker. Has anyone else ever heard of this? DL Martin