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[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.

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[quote=AN]If you’re willing to pass up on a great deal because you deem the deal to be unethical would definitely make you more virtuous than most of us.[/quote]

Would you do a deal you thought was unethical?

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[quote=AN]If you’re willing to pass up on a great deal because you deem the deal to be unethical would definitely make you more virtuous than most of us.[/quote]

Would you do a deal you thought was unethical?

[danthedart]

[quote=AN]If you’re willing to pass up on a great deal because you deem the deal to be unethical would definitely make you more virtuous than most of us.[/quote]

Would you do a deal you thought was unethical?

[danthedart]

[quote=AN]If you’re willing to pass up on a great deal because you deem the deal to be unethical would definitely make you more virtuous than most of us.[/quote]

Would you do a deal you thought was unethical?

[danthedart]

[quote=AN]If you’re willing to pass up on a great deal because you deem the deal to be unethical would definitely make you more virtuous than most of us.[/quote]

Would you do a deal you thought was unethical?

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[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?

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[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?

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[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?

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[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?

[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?

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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.

[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.

[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.

[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.

[Author]

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