This cash flow is a function of the delta, and in many cases the basis for this delta is interest only debt. 1% increase in rates will compress the delta enough so that 80% of today's buyers will be negative gearing, which, in turn, will induce selling, rising cap rates, and lower valuations.

As we know buyer broker are certainly legal  but not if they are induced by fraud.

Arm's length includes not having other relationships between the buyer and seller, no inducements to act other than as agreed between the parties.Legal purpose means the subject matter of the agreement can not be illegal, a contract to sell guns in NYC is probably an illegal activity.

That's the price to induce you to go in the first place, at which time you'll be sold dreams of bikini clad women, Italian sports cars and yachts, and a date with one, (or maybe all), of the Kardashian's.Then they lower the boom and will attempt to upsell you to their "real deal".  

It's been my experience that people's memories are short, and a 10%-20% discount to market rent shortens memory further yet(it practically induces amnesia!)

So while it does say this:“(b)Appraisal independence For purposes of subsection (a), acts or practices that violate appraisal independence shall include—(1) any appraisal of a property offered as securityfor repayment of the consumer credit transactionthat is conducted in connection with such transaction in which a person with an interest in the underlying transaction compensates, coerces, extorts, colludes, instructs, induces, bribes, or intimidates a person,appraisal management company, firm, or other entity conducting or involved in an appraisal, or attempts, to compensate, coerce, extort, collude, instruct, induce, bribe, or intimidate such a person, for the purpose of causing the appraised value assigned, under the appraisal, to the property to be based on any factor other than the independent judgment of the appraiser;(2)mischaracterizing, or suborning any mischaracterization of, the appraised value of the property securing the extension of the credit;(3)seeking to influence an appraiser or otherwise to encourage a targeted value in order to facilitate the making or pricing of the transaction; and(4)withholding or threatening to withhold timely payment for an appraisal report or for appraisal services rendered when the appraisal report or services are provided for in accordance with the contract between the parties.”It immediately follows up with this:“(c)ExceptionsThe requirements of subsection (b) shall not be construed as prohibiting a mortgage lender, mortgage broker, mortgage banker, real estate broker, appraisal management company, employee of an appraisal management company, consumer, or any other person with an interest in a real estate transaction from asking an appraiser to undertake 1 or more of the following:(1)Consider additional, appropriate property information, including the consideration of additional comparable properties to make or support an appraisal.(2)Provide further detail, substantiation, or explanation for the appraiser’s value conclusion.(3)Correct errors in the appraisal report.”Based on this discovery, I respectfully disagree with your interpretation of Dodd Frank as it pertains to my previous comment regarding appraisal reconsiderations.

Also if they had an acceptable offer why wouldn’t they have just accepted it other than to induce a bidding war?

Actually fell a lot as I was locked in for my refinance due to all this Trump induced drama, treasury yields are getting slaughtered.  10 yr yield was about 2.50% when I did mine.

If you are representing yourself as a buyer and have no ability or intention of closing that is called fraud by inducement.

That seems to meet the textbook definition of "fraud in the inducement".If you do get your license, you face another challenge.