Oscar is working with a buyer who is currently under contract to buy 1379 Overthere Blvd. Another Realtor (Betty Bookmark) just listed a home (down the street) that is similar to what Oscars' buyer is under contract for. How do you feel about Betty contacting Oscar to inform him that the home she's about to list is similar to what Oscar's clients is buying, only it's for far less?
Do you think Betty is being doing the seller wrong on 1379 Overthere Blvd? Is this fair? Is it ethical? Do you believe Betty is working in the best interest of her seller?
Last week an agent called to inform me that he was about to list a home and that I should consider showing it to my buyer who I had under contract to buy another home. In Texas we have Option Periods and this period allows the buyer to back out of the contract "for any reason" they see fit. The buyer would get back all of their earnest money, but lose their option fee, typically $100-$250; a small price to pay to save thousands on a similar home to your liking.
What are your thoughts, and why?