Home Selling in 07871>Question Details

Donna, Home Seller in 93455

DOES A LISTING AGENT HAVE TO SHOW ALL PURCHASE OFFERS TO THE SELLER & IF SO HOW DOES SELLER KNOW THIS IS BEING DONE?

Asked by Donna, 93455 Mon May 6, 2013

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14
As stated, all offers must be presented to the seller, even after others are accepted. I'm not familiar with a solid way to prove this is being done - which is why trust is a key component of hiring the right agent. If there's any doubt in your mind that the agent you're considering might not present an offer it's time to interview another agent.
0 votes Thank Flag Link Sat Jan 31, 2015
Yes the agent has to present all offers unless these seller expresses differently, in writing. The seller will have to trust the agent and that they are presenting all offers.
Chris
0 votes Thank Flag Link Tue Jun 17, 2014
I would like to answer the 2nd part of the question ... http://en.wikipedia.org/wiki/Trust,_but_verify

1) The seller should setup an email account specifically for the purpose of the transaction.
2) In the listing agreement with the broker, the seller will specify that the listing agent must use that email address for all communications, except where phone calls cannot be avoided. The agent may only advertise that email address as a valid email for sending offers too.

The agent and the seller can both login to that email address.

The agent will either play ball or the seller will get an agent that will play ball.

.... or the seller can be a pidgeon and settle for the "trust" propaganda.
0 votes Thank Flag Link Mon Jun 16, 2014
What made this seller question that his or her agent would not present all offers?
I agree with all the comments I have just read and hope that you are feeling more positive that all offers were presented to you.

Lucille Haghani Broker/Sales Agent\

Weichert Realtors Sparta NJ
0 votes Thank Flag Link Wed Jul 3, 2013
Its called TRUST in your agent, and it's also called ETHICAL behavior by your agent. The law states that all offer must be presented to the sellers...period.
0 votes Thank Flag Link Thu May 9, 2013
Yes all offers must be presented. You should trust your listing agent to do this. If you don't, you have chosen the wrong listing agent.
0 votes Thank Flag Link Tue May 7, 2013
All written offers must be presented to the seller, period.
0 votes Thank Flag Link Tue May 7, 2013
Nancy summed up the situation nicely.
Very often a home seller finds themselves listening to their neighbor or the neighbor of their second cousin in Cleveland who will state, "Billie Bob really wants that house and said he made an offer."
The reality is, Billie Bob never made an offer, written or verbal. The perception of 'non-presented offers' are simply rumors that add to the confusion of the situation.
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The right approach is for the home owner or their agent to obtain Billie Bob's contact information, track him down, and bring the issue to a close. This however, does not stop the rumor of a (ficticious) extravagant offer that was rejected and the follow up comment, "They'll never get that for the house!"
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Selling one's home can become a very complex and often emotional experience. Very often it requires the home owner to invest TRUST in the professional they hired and for the PRO to place trust that the homeowner will negotiate in good faith. It is a two-way street.
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Real estate professionals take their duties and responsibilities SERIOUSLY. As Nancy stated, we help home owners and follow their direction and offer guidance and oversite. After all, we do not sell homes, only the home owner can.

Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727.420.4041
http://RealEstateMadeEZ.us
0 votes Thank Flag Link Tue May 7, 2013
yes Why would an agent not inform the seller of an offer.
0 votes Thank Flag Link Tue May 7, 2013
Maybe, because the listing agent is tired of getting ridiculously low ball offers from Joe Schmoe Crazy Pants ... and so is the seller. The seller instructs the not to present any offers that don't meet certain criteria ... the seller's agent takes that with a grain of salt and may hold back some offers that he assumes his seller is referring to ...
Flag Mon Jun 16, 2014
Donna,

The law states that the agent must show all written offers. If they are withholding offers without written instructions from the seller to do so then they are no complying with the law.

Ron Sheedy
(732) 239-7452
0 votes Thank Flag Link Mon May 6, 2013
It is the seller's decision to make whether to accept or reject an offer; therefore all offers should be presented.

There are times a seller will request you hold offers once one had be accepted. These offers will be back in play if the first accepted offer falls apart.
0 votes Thank Flag Link Mon May 6, 2013
Yes, the listing agent should show the homeowner all written offers. If a homeowner suspects that there are offers that have not been presented they should have a conversation with their agent. If this still leaves doubt then the homeowner should contact the manager/broker for a meeting to discuss their concerns. We are bound by fiduciary responsibility to represent our client to the best of our abilities. Communication and trust are key to any real estate transaction.
0 votes Thank Flag Link Mon May 6, 2013
Yes, it would be illegal and unethical not to present any offers.
0 votes Thank Flag Link Mon May 6, 2013
Hi, Donna: Yes, agents work at the direction of their client and in the best interests of the client. All offers must be presented, unless the seller instructs the agent otherwise (e.g., don't show me any offers under X amount of money.)
0 votes Thank Flag Link Mon May 6, 2013
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