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Updated almost 6 years ago on . Most recent reply

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Rafael Davis
  • Rental Property Investor
  • Chicago, IL
15
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26
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Realtor refused to present my offer on short sale. Is this legal?

Rafael Davis
  • Rental Property Investor
  • Chicago, IL
Posted

I asked a realtor to present my offer to the seller on a short sale property he has listed, but he refused he said he won’t submit an offer for less than the asking price. The property has been listed for almost a year now I’m sure the bank is willing to negotiate if presented with an offer the property is in a nice area and will cash flow. What can I do to get my offer to the bank?

Most Popular Reply

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Marc Winter
  • Real Estate Broker
  • Northeast PA
2,659
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1,773
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Marc Winter
  • Real Estate Broker
  • Northeast PA
Replied

@Rafael Davis, if you were dealing with the listing agent and they refused to present your legitimate offer, I would speak directly to the broker/owner of the office to let them know what is happening.  

Assuming all the facts are finally on the table at this point, I would opine that the agent involved is disregarding their fiduciary responsibility to their client (the property owner) and possibly violating the realtor(r) code of dealing honestly and ethically with their customer (you).

If the agent is unwilling to present an offer, the property owner should get a new agent.  So should you.  And so should the broker/owner of the office where this agent hangs their license.

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