Just to clarify the slipping in comment. This is exactly the behaviour you have abhorred for years and now you defend it? What gives?

Here is the history. The property was actually listed at $1.25M and the agent accepted an offer for 900K which is actually 350K below the asking price. That is a full 28% below the asking price. The agent then switched it to contingent and simultaneously lowered the price $120K (seemingly to cover his tracks). While working on the short sale approval, he could have lowered it $50K/week to see if there were buyers at a higher and possibly much higher price. Of course he didnt do that as it would have jeopardized the other half of the commission he was hoping for. Sorry but this reeks of big time shenanigans.