more bad behavior

[(former)FormerSanDiegan]

[quote=danthedart][quote=jimg111]That’s just not correct Dan, if the seller agrees to accept the first offer that meets terms that are acceptable and then instructs the agent that they do not want any more offers, then how is that the agent’s fault? This does happen on some listings.[/quote]

It really depends on what the agent is telling the bank. Do you really think the bank is okay with the agent listing the house on the MLS saying an offer is already accepted? If the bank was okay with that, then why list the house at all?[/quote]

Ultimately it is the seller who accepts or rejects the offer, not the agent.

If the seller (in these examples, the bank) is not operating in their own self-interest, then what can one do about it.

Also, we might be assuming that it is in the sellers’ best interest to get the highest possible price on one particular property. However, it might be more important to that seller to dispose of any property as quickly as possible to someone most likely to close. This is not necessarily the same as selling to the highest offer.

[jimg111]

Bank sends over listing agreement, agent posts property on the MLS, agent then submits offer to the asset manager and asset manager accepts the offer, simple as that.

[jimg111]

Bank sends over listing agreement, agent posts property on the MLS, agent then submits offer to the asset manager and asset manager accepts the offer, simple as that.

[jimg111]

Bank sends over listing agreement, agent posts property on the MLS, agent then submits offer to the asset manager and asset manager accepts the offer, simple as that.

[jimg111]

Bank sends over listing agreement, agent posts property on the MLS, agent then submits offer to the asset manager and asset manager accepts the offer, simple as that.

[jimg111]

Bank sends over listing agreement, agent posts property on the MLS, agent then submits offer to the asset manager and asset manager accepts the offer, simple as that.

[danthedart]

[quote=jimg111]Bank sends over listing agreement, agent posts property on the MLS, agent then submits offer to the asset manager and asset manager accepts the offer, simple as that.[/quote]

all within a few hours? Doubtful.

If you want to trust these people as being honest, that’s fine, but its much more likely there’s dishonesty going on here.

[danthedart]

[quote=jimg111]Bank sends over listing agreement, agent posts property on the MLS, agent then submits offer to the asset manager and asset manager accepts the offer, simple as that.[/quote]

all within a few hours? Doubtful.

If you want to trust these people as being honest, that’s fine, but its much more likely there’s dishonesty going on here.

[danthedart]

[quote=jimg111]Bank sends over listing agreement, agent posts property on the MLS, agent then submits offer to the asset manager and asset manager accepts the offer, simple as that.[/quote]

all within a few hours? Doubtful.

If you want to trust these people as being honest, that’s fine, but its much more likely there’s dishonesty going on here.

[danthedart]

[quote=jimg111]Bank sends over listing agreement, agent posts property on the MLS, agent then submits offer to the asset manager and asset manager accepts the offer, simple as that.[/quote]

all within a few hours? Doubtful.

If you want to trust these people as being honest, that’s fine, but its much more likely there’s dishonesty going on here.

[danthedart]

[quote=jimg111]Bank sends over listing agreement, agent posts property on the MLS, agent then submits offer to the asset manager and asset manager accepts the offer, simple as that.[/quote]

all within a few hours? Doubtful.

If you want to trust these people as being honest, that’s fine, but its much more likely there’s dishonesty going on here.

[davelj]

[quote=danthedart]Whose fault is it if they accept a sub-optimal offer? It is the agents fault. The listing agent has a contract with the seller to present all offers, to market the property etc. If the agent did not fulfill his/her end of the contract, that’s unethical. Its even more unethical if the agent does not fulfill the contract for personal gain.

Yes we all have different ethical standards, so you have a right to say that my ethical standards are not yours.

So just say that, but don’t say that I’m hypocritical or that if I were the buyer I would think differently.

The fact remains that I would not think differently about this situation if I were the buyer. [/quote]

The hypocrisy lies in the fact that I think you would do the deal (despite your stated disapproval of such deals here). Yes, yes, yes… I know you’re saying here that you wouldn’t. (Well, actually, you said “in all likelihood” you wouldn’t do the deal… that’s a nice bit of Clintonian wiggle room you’ve left yourself there. I guess the “in all likelihood” bit leaves the door open for you to do the deal if it’s REALLY good, in which case ethics are a secondary matter.) Yes, perhaps you’re in the 1% of folks who would pass on “ethical” (by your definition) grounds. But, as this is the internet, it’s my prerogative not to believe you. (Words, after all, are plentiful, but only deeds are precious.) And it’s your prerogative not to care whether I believe you. So there you have it.

[davelj]

[quote=danthedart]Whose fault is it if they accept a sub-optimal offer? It is the agents fault. The listing agent has a contract with the seller to present all offers, to market the property etc. If the agent did not fulfill his/her end of the contract, that’s unethical. Its even more unethical if the agent does not fulfill the contract for personal gain.

Yes we all have different ethical standards, so you have a right to say that my ethical standards are not yours.

So just say that, but don’t say that I’m hypocritical or that if I were the buyer I would think differently.

The fact remains that I would not think differently about this situation if I were the buyer. [/quote]

The hypocrisy lies in the fact that I think you would do the deal (despite your stated disapproval of such deals here). Yes, yes, yes… I know you’re saying here that you wouldn’t. (Well, actually, you said “in all likelihood” you wouldn’t do the deal… that’s a nice bit of Clintonian wiggle room you’ve left yourself there. I guess the “in all likelihood” bit leaves the door open for you to do the deal if it’s REALLY good, in which case ethics are a secondary matter.) Yes, perhaps you’re in the 1% of folks who would pass on “ethical” (by your definition) grounds. But, as this is the internet, it’s my prerogative not to believe you. (Words, after all, are plentiful, but only deeds are precious.) And it’s your prerogative not to care whether I believe you. So there you have it.

[davelj]

[quote=danthedart]Whose fault is it if they accept a sub-optimal offer? It is the agents fault. The listing agent has a contract with the seller to present all offers, to market the property etc. If the agent did not fulfill his/her end of the contract, that’s unethical. Its even more unethical if the agent does not fulfill the contract for personal gain.

Yes we all have different ethical standards, so you have a right to say that my ethical standards are not yours.

So just say that, but don’t say that I’m hypocritical or that if I were the buyer I would think differently.

The fact remains that I would not think differently about this situation if I were the buyer. [/quote]

The hypocrisy lies in the fact that I think you would do the deal (despite your stated disapproval of such deals here). Yes, yes, yes… I know you’re saying here that you wouldn’t. (Well, actually, you said “in all likelihood” you wouldn’t do the deal… that’s a nice bit of Clintonian wiggle room you’ve left yourself there. I guess the “in all likelihood” bit leaves the door open for you to do the deal if it’s REALLY good, in which case ethics are a secondary matter.) Yes, perhaps you’re in the 1% of folks who would pass on “ethical” (by your definition) grounds. But, as this is the internet, it’s my prerogative not to believe you. (Words, after all, are plentiful, but only deeds are precious.) And it’s your prerogative not to care whether I believe you. So there you have it.

[davelj]

[quote=danthedart]Whose fault is it if they accept a sub-optimal offer? It is the agents fault. The listing agent has a contract with the seller to present all offers, to market the property etc. If the agent did not fulfill his/her end of the contract, that’s unethical. Its even more unethical if the agent does not fulfill the contract for personal gain.

Yes we all have different ethical standards, so you have a right to say that my ethical standards are not yours.

So just say that, but don’t say that I’m hypocritical or that if I were the buyer I would think differently.

The fact remains that I would not think differently about this situation if I were the buyer. [/quote]

The hypocrisy lies in the fact that I think you would do the deal (despite your stated disapproval of such deals here). Yes, yes, yes… I know you’re saying here that you wouldn’t. (Well, actually, you said “in all likelihood” you wouldn’t do the deal… that’s a nice bit of Clintonian wiggle room you’ve left yourself there. I guess the “in all likelihood” bit leaves the door open for you to do the deal if it’s REALLY good, in which case ethics are a secondary matter.) Yes, perhaps you’re in the 1% of folks who would pass on “ethical” (by your definition) grounds. But, as this is the internet, it’s my prerogative not to believe you. (Words, after all, are plentiful, but only deeds are precious.) And it’s your prerogative not to care whether I believe you. So there you have it.

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