There is no universal code of ethics, so it's subjective, but in my opinion, this is certainly unethical.It's no different than walking into a grocery store, buying a box of cereal for $4.99, getting to the counter, and having the cashier say, "Oh, the $4.99 doesn't include the packaging...the total price, with the box, is $7.99."

Two other RE agents never called me back.Can anyone spoon feed me some tips on finding, interviewing, and selecting an ethical real estate professional?

I see no "ethical" reason to drop your contract sales price though.

Is this ethical and/or standard practice among investors?

Usually that reason is the person has shown a great interest in real estate investing, a desire to learn, and a work ethic and can provide something in return.

I did ask one agent if I could do that and she said no quickly so I assumed it wasn't ethical.

Several threads recently have discussed the ethical standard of suitability in real estate.

I run my business openly and ethically, so I'm not worried about anything.

IMO it begins with an ethical conduct toward providing a service that employs a high degree of skill and/or knowledge.Seems there is a lack of knowledge that is simply compensated for by a high rate of interest and 5,6 or 10 points in making a loan decission, many seem to care less if the borrower succeeds or fails, so long as they are well secured to ensure the return of thier money with a high profit.

The ones that fit into #2 have probably had bad experiences with wholesalers who:- Were just tire-kickers and never made offers;- Made offers but often backed out of deals;- Tried to get the seller to lower the price after a contract was executed;- Made closings difficult with needing to double-close or some other non-standard transaction.I recognize there are some very good, very ethical and very successful wholesalers out there, but they are a very small minority of the total group of people who call themselves wholesalers.