NYer, I assume it to be true because there is just to much to lose for an agent to do something dumb like that.
Also many of my buyers are MUCH more astute and selective. Most of them, will not even respond to a counter offer that indicates multiple offers have been received. Thus, in those cases actually scares buyers off.
Really though, what recourse do I have? I can call the listing agents broker to ask, but that is generally counter productive for the transaction. I think that in many cases the seller is wagging the agents tail. Again, listing agents don’t like to hold properties. It is always the next sale that is most important. You may be surprised in some cases that the listing agent is actually pulling to get the transaction done, but the seller is being ornary. If indeed you do find the agent to be lying, then absolutely report that agent, call his broker, raise some hell.
The worst thing about this post is that I am sitting here sounding like a shill for the industry and I hate that!!
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Your case sounds interesting. The provision that you qualify with a broker of the sellers choice is peculiar. Is this an REO? I represented a client who purchased an REO from Countrywide and we had to qualify with them, but not use them. Similarly just about EVERY new home purchase from the developer will require a qualification to be done with the preferred lender but you do not have to use them for financing. If yours is a resale and not an REO then you “may” have recourse. From the sellers point of view they may have asked of this because they don’t want any flaky buyers who were prequalified by Joes Mortgage company that operates in a dark alley… see what I am saying?
Look guys, in BOTH of your cases, multiple offers may be claimed, however offers do have expirations associated with them. BE MORE PROACTIVE!!! Or HAVE YOUR AGENT BE MORE PROACTIVE. If you really don’t believe that the offers exist ask when they expire. Keep tabs on them and press harder into it.
