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Dual Agency and Multiple Offers - Ethical? What are your thoughts?

By
Real Estate Broker/Owner with NoVa Brokers LLC 0225 094634 VA/ 643686 MD


 

 

Here is the scenario . . . 

Home listed, buyer agent puts offer in.  Listing agent says, we have multiple offers and will be reviewing soon.  Days later, Listing agents sends email, sorry your offer was 2nd best and we chose the best offer.  Buyer agent's response is thank you and good luck with your contract.   Weeks later . . . . buyer sees online that the property has sold and it was $1000 more than his offer.  buyer calls buyer agent and asks if they used our offer to bid a higher offer?  Buyer agent looks into it, agent did a dual agency and closed on the contract.  With the knowledge of buyer agent offer . . . the listing agent's contract was $1000 more.  Also, this property was on market for over 155 days before this happened. Not a sought after property but a property that needed work.  So was the multiple offers only the 2 offers? Not sure if it was but buyer wants to file a complaint. This is in Maryland where dual agency is frowned upon and the listing agent is the Broker of the company

 

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FOR ALL YOUR REAL ESTATE NEEDS

 

STELLA BARBOUR

NoVa Brokers LLC

1483 Chain Bridge Road Suite 103

McLean, Virginia 22101

571-814-3002 OFFICE

703-999-6104 CELL

571-281-2866 FAX

www.novabrokersllc.com

stellabarbour@yahoo.com

Licensed in Virginia & Maryland

 http://www.novabrokersllc.com/

 

 

 

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