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RANDY P RANDY P is online now
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Most RE agency laws state that the agent employed by the seller has to represent the buyer's best interests-

that is, unless you go with the agent who is listing the property- then you have an issue- if you place your offer with the listing agent expecting them to fight for your best price, you will lose since they are employed by the seller and legally they have to try to get the highest price for the property.

Many times there can be a conflict of interest when the same listing agent and selling agent work for the same broker-

bonuses are paid on that as well.....that could also be a possibility.

I don't see why a selling agent would care about raising your offer if:

1)- property legitimately comps out- meaning it will pass an appraisal at that price. If it does, that means it's eligible for bank financing as far as value is concerned

2)- they get paid more.

makes no sense why any realTOR would NOT let the buyer raise bid?
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Old 03-23-2012, 09:18 AM
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