Feedback to the Sellers representative is a throw-back to times when all REALTORS® represented the Seller's interests and acted as sub-agents for Buyers.
Acting for the Seller I still might ask the Buyer’s representative how the listing compares to other properties that they have shown, and if they feel it is competitively priced.
The primary feedback wanted from a buyer is obviously an offer, but if their representative offers other comments then I’ll be listening for cues to gain an advantage on price or terms for my client. “They really like the home…”, could mean that they are willing to pay full price, or very close to.
Working as a Buyers representative today I don’t believe I should share my client’s feedback on any property unless it’s during negotiation and agreed upon by the Buyer. The mandatory “Working With A REALTOR®” (WWAR) form is a reminder for every transaction that I’m obligated (fiduciary duty) to work in, and protect, the best interests of my client.
Sure I’ll respond to a Sellers representative, “my Buyer’s are in the initial stages”, but I’m not going to discuss the specific condition of the home. I’m certainly not going to share anything that could give away my clients position either, since it is privileged information now and in the future.
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