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In the Market, Home Buyer in California

Legitimate real estate practice to short sale within brokerage firm to only 1 buyer?

Asked by In the Market, California Sun Apr 5, 2009

So, I just came across a listing that I found out is only being offered within the brokerage firm to only one buyer. The property is a supposed short sale. They are taking no other buyers and only arranging the sale between these two parties. I don't even think that the listing is on MLS. Is this on the up and up? It seems that a lot of short sales can go this way, but it doesn't seem fair to those who are trying to get into a property. Do realtors try to control the market this way?

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1
Really? That sounds strange indeed. Unless the buyer and seller have both signed a contract already ... have you spoken with the listing agent?
0 votes Thank Flag Link Sun Apr 5, 2009
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