Can my realtor tell potential buyers how far we'll be willing to move from our asking price?

trishamcneal
Home Seller
Olive Branch, MS

My realtor told a potential buyer that we would only be willing to move 3% of our asking price for our home. I feel that in doing so she may have put this buyer on the fence about making an offer. I"m not sure if it's illegal for the realtor to say these things, but I know its not ethical. And now I wonder how many times she's done this.

Answers (3)
Carrie Crowell -...
Agent
Southaven, MS

Trishamcneal
An agent needs to be discreet about what they tell anybody about your property, potential buyers and other agents as well. I suggest you talk to your agent and make sure you are both on the same page about what they reveal. She may very well have been acting in your best interests and was not aware that you would have preferred her not to tell your bottom line. Good luck with the sale of your home.

Web Reference: http://carriecrowell.com
Mon Aug 17 2009, 18:37
Christa Borelli...
Agent
San Diego, CA

No your agent should not have said that with out your permission. It isn't illegal, but it isn't in your best interest. When you hire an agent they are supposed to work in your best interest. She probably thinks that was the best way to get you the highest price, but if you scare the buyer off and never receive an offer you will not get any price.

Sun Aug 16 2009, 10:54
Beccajaffe
Agent
Olive Branch, MS
FIRST ANSWER

Hi trishamcneal,
Good question! As agents, we are obligated to protect our clients interests at all times. If it is indeed fact and you both agreed that this information can be shared then there shouldn't be an issue, but if you believe this was out of line, talk to your agent about it and specify what you deem acceptable information to share with potential buyers.
If you receive an offer on your home and it isn't acceptable, you can counter it back, and you don't have to necessarily give that bit of info away, plus it will give the p.b. an idea of what you're willing to do/not do.

Sun Aug 16 2009, 10:42

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