I can not believe this, but yet I do. Some friends of mine are wanting to buy a lot in the community that I live in and I think that is great. They have used me for their past business and oh I am one of the scuba certifiers on their diving certifications, so these are friends and clients (something that I do not take lightly). So when they came to me and told me their thoughts and they know I am out of the Realtor side and just the mortgage guy they asked for a few referrals. Which I gladly gave them and they picked this wonderful agent and I know why, they had met her at my annual duffers and divers party. So they are off and running.
BUT
as they are driving through the community the come across the listing agent and he shows them the property knowing that they are my friends and they are WORKING with this Realtor. He at some point goes into a speech about how they are trying to keep the prices up and knowing that the market is turning and BLAH BLAH BLAH. I was out of town that weekend (teaching another scuba class), But they called me and we had this nice laugh about all Realtors saying this to get the commission up car sales people and sales tactics.
So, tonight they have picked a lot and the Realtor drops off the WRITTEN contract. Normal right????? Well they have offer less than asking price on a vacant lot. And the listing agents says as he is accepting the written offer
"you know we have a pact here to not accept less than asking price"
Well, as you can guess my cell is burning. The selling agent knows that this is WRONG and wants back up.
(some side info: I do hold Employing Broker status in the State of Colorado, even if I am not practicing)
I have advised this Realtor to be the professional and to contact the listing agent in and to confirm his statement.
AND
IF HE CONFIRMS
TO ADVISE HIM THAT THE CLIENT REPORTS THE SAME TYPE OF COMMENT
AND
DOES HE REALIZE THAT
HE IS IN VIOLATION OF THE SHERMAN ANTI TRUST ACT
ON
PRICE FIXING
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