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In a world of buyers' agents, let's talk basic property rights...
The buyer has NO RIGHTS in a transaction until the seller grants them. In other words, the seller has 100% of the rights in the transaction from the start. The seller has ABSOLUTE control over the disposition of the property, so the seller does have the legal right to establish parameters of the sale IN ALL REGARDS. The only exception to that are anti-discrimination statutes.
At what point do sellers cede some legal rights to their property ownership? When they sign a contract, the sellers grant specific rights to another party. The first contract is the listing contract. That contract, however, does not actually grant rights to potential buyers. It grants specific rights to the real estate agency and/or the cooperative/s in which that company participates (MLS is an example of that). A bidder STILL does not have RIGHTS, via that listing agreement. The seller can set parameters for the sale and can refuse ANY contract for ANY reason, other than discriminatory practices as defined by federal law.
In a traditional sale, for instance, a seller can legally refuse to sell to specific persons, for any reason (ANY REASON), other than those federal, and sometimes state, laws. Many banks, for example, give owner ... more

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