Listing agent doesn’t determine the listing price, the selling bank does. Listing agent submits their valuation, then an appraisal ordered and another agent valuation for the bank to determine where (value) they would like to list it. Unless the listing bank agrees to a strategy of lowball listing price to attract multiple offers, which I doubt, the agent is probably coming in with a low value on the original valuation. Some banks will fire you for repeated low ball values as they rely on the agent to give them honest information on what price the asset will sell at in roughly 30-60 days.
