i figured you meant sellers agent.
me being a listing agent ( sellers agent ) here is what i know .
Inventory is scarce right now,,so the element of "supply and demand" is a driving force to raise prices, there are some very big fish out there as far as investor groups and individual investors who want to pay all cash and scoop up properties and either flip or buy and hold for awhile.
I recently had a listing in Bellflower, short-sale, and got 9 offers all cash within 48 hours.
So with that, it becomes a bidding war..................
sort of like a foreclosure auction somewhat, so as a listing agent, if yoiu have 5 offers at all cash full list price AND the investor wants you to represent both sides ---meaning the agent can double his commish..............that is hard to turn down...
so then the listing agent might get back to other offers that are close and ask if they want to go higher.
this is the current game out there.
hope this helps
Equitable Real Estate Group