Quote:
Originally Posted by John Mercier
Since the seller is actually paying the realtor(s), propagating a lower price would result in theft by fraud...
As for letting buyers know what price they would need to beat... not really an issue as the current owner wants the higher price. Which is also in the interest of the realtor(s) being paid by the seller on both sides.
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If is the listing realtor is giving their potential buyer information so that the listing realtor gets both side of the sale then it works against a non listing realtor. So both sides do not benefit.
I sold a property and was ready to accept an over asking price offer from a couple brought by a realtor. The same day the listing realtor brought a new buyer and "coincidentally" they matched the first offer with a no contingency all cash offer.