-
10-21-2010, 10:26 PM #1
Renter
- Join Date
- Oct 2010
- Posts
- 1
Agent declined an offer before notifying us of it. Is this ok?
Our real estate agent declined an offer (and obviously made no counter offer) from a potential buyer of our home without consulting us first and before she even informed of us the offer. She then wrote an email to let us know what she'd done which we received about 5 hours later. This was actually a third offer on the house.
We did not direct her to decline any offers on our behalf. We would have counter offered.
I am really bothered by this and feel like she killed the deal (the people went away). But I spoke with my father about it and he seems to feel like it's not a big deal. I thought agents/realtors were legally obligated to present any and all offers and I assumed that meant BEFORE declining them.
So is this a big deal? Or am I off base here?
-
10-22-2010, 06:10 AM #2
Moderator
- Join Date
- Sep 2007
- Location
- Outer Banks
- Posts
- 1,281
This is a big deal and is some states this agent could be putting their license at risk.
Call you agent's broker in charge and ask for another agent to handle your sale. No agent should ever speak for their client without consulting the client. Three offers and you still don't have a contract means something is not being handled correctly.
You are right about not rejecting an offer. Even if it is ridiculously low you should still come back with a counter offer. It is hard enough finding a buyer who wants your home so when you do you should give them the kid glove treatment and see if you can't coax them into paying a price agreeable to you.
Look at the copy of the offer your agent is required to give you and see if it has the buyers agent contact info. Call them up or have your new agent call them up and ask them to resubmit the offer so you can make a counter offer or just give them your counter offer over the phone. maybe it is not too late.Your Outer Banks real estate agent. Learn how to buy Outer Banks foreclosures.
-
10-24-2010, 07:06 AM #3
Fixer Upper
- Join Date
- Aug 2010
- Location
- St. Paul, MN
- Posts
- 42
I agree here. As a real estate agent myself, we are supposed to present any and all offers with time being of the essense. Even when I have received low-ball offers on my listings, I have told the buyer's agent that although their offer may be a longshot, I will present their offer to the sellers for their review.
White Bear Lake Homes | Mahtomedi Homes for Sale | Shoreview Homes | Blaine MN Homes | Vadnais Heights MN Homes for Sale | Lake Elmo MN Homes for Sale | Stillwater MN Homes | Maplewood MN Homes for Sale | Oakdale MN Homes for Sale | Roseville MN Homes for Sale | Woodbury MN Homes | Hugo MN Homes for Sale
-
10-27-2010, 07:40 PM #4
Fixer Upper
- Join Date
- Oct 2010
- Posts
- 23
You should be made aware of all offers unless you gave them specific instructions otherwise. Hopefully, they weren't thinking of their own commission.
-
11-08-2010, 08:05 PM #5
This is absolutely not acceptable. Unless you specifically told your agent to not even consider/notify you of offers below a certain price, I do not understand how the agent would think this is acceptable behavior. The agent's job is to find and negotiate the best deal he/she can for you, but you should always be kept in the loop throughout the process, and ultimately he or she should only be negotiating/bringing you offers to consider, not making the decision for you.
-
11-09-2010, 03:28 AM #6
Condominium
- Join Date
- Sep 2010
- Posts
- 149
All agents are required to inform the client about all potential offers for their house, because ultimately the decision whether to accept or refuse the offer is up to you. You really need to talk to this person and remind her that she works for you and not the other way around.



LinkBack URL
About LinkBacks






Reply With Quote

Bookmarks