https://realtybiznews.com/should-brokers-disclose-buyer-offers/98727718/ With the latest on mortgages, refinancing, real estate & home tips Thu, 12 Mar 2015 18:16:55 +0000 hourly 1 http://wordpress.org/?v=4.1.1 https://realtybiznews.com/should-brokers-disclose-buyer-offers/98727718/#comment-277679 Tue, 10 Mar 2015 16:05:21 +0000 https://realtybiznews.com/?p=27718#comment-277679 An auction is clearly an open process where bids are changed repeatedly over a specific time period until sold. Selling a home is usually not by auction therefore I do not believe auction guidelines apply. If a municipality accepted bids for a contract of services, real estate, or personal property the bids are accepted and opened all at once. The bid of one is not divulged to another bidder before-hand. Doing so will result in lawsuits and/or prosecution. Why would selling a home not have the same rules? I have made multiple offers on multiple properties over the years and at no time was I ever privy to another offer. My realtor had informed me he could not ethically divulge other offers to me. Another point to consider is this: If multiple offers or a bidding war ensues then it is likely the listing price of the property was too low. As a seller, if my listing sold at full asking price in a short time period I would be furious with the realtor. Being the “professional” they should have known the asking price was too low, or may have been looking for a quick commission. What other explanation is there?

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