Can a Agent refuse to submit an offer?

[Jared Johnson]

I made 2 offers on Bank REO properties the agent I'm working with is telling me that I have to make a higher offer because my offers are coming in under 50% and the bank is going to ignore them. Can he do this?

[Steve Nicewarner]

If the bank has, in writing, instructed him to do so ["don't bother sending me offers at less than 50% of the listing price"], yes. Probably not the brightest idea in the world, but banks haven't been known for being bright.

If you really think the agent is blowing you off, talk to your state's Real Estate Commission. They would be the ones to enforce the rule.