Isn’t it the job of the buyer’s agent to present offers but not to tell you what to bid on a house?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Isn’t it the job of the buyer’s agent to present offers but not to tell you what to bid on a house?
The house was listed for 370k. The seller’s agent presented them with 2 offers. Our 365k, no contingencies. The other buyer 370k but their offer was contingent on selling their own home. Then 1.5 months passed and I got a text from the sellers agent if I was still interested in the house, as the contingent offer had credit issues and would have taken another few months to sort out. I wanted to offer 365k again, or something less than asking, given the circumstances of an even more motivated seller. It was at this point that the seller’s agent, who I had been communicating with via text, said
Asked on July 27, 2017 under Real Estate Law, Michigan
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
No, there is nothing wrong with the agent, whose job is to represent the sellers, telling you that for your offer to be reconsidered, it would have to be $370k, if that was based on instructions, feedback, etc. from his clients. If you evidence that it was NOT based on his client's directions or instructions, then this may have been a breach of his professional and ethical obligations and you could file a complaint with the realtor licensing board. But remember: there is no inherent right to have your offer considered, so as long as the seller had indicated that they would only consider asking-price offers, there was nothing illegal or unethical done.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.