Sentences with phrase «disclose competing offers»

The buyers» licensee has a duty to disclose competing offers and any terms that are known to them, but ultimately buyers may not be made aware of competing offer situations; that decision is with the seller.

In my opinion, the requirement to disclose competing offers under REBBA violates federal privacy laws and is unenforceable.

Offerors stated in their suit that Broker had misrepresented the viability of their Offer, had owed Offerors a duty of care to communicate truthful information to Offerors, and had breached that duty by failing to disclose the competing offer to them.

Not exact matches

When seller clients instruct listing agents to disclose terms of competing offers, the agents should consult with their broker and attorney to ensure the disclosure is legal in their state and for guidance on how to carry out their clients» instructions.

Furthermore, where I practice real estate, sellers can chose to disclose the existence of competing offers or not.

In stating that most sellers through their realtor would disclose the existence of competing offers and the number of competing offers for the seller benefit.

Six of those agents said they would disclose or «give them a nudge» as to the details of any competing offer so they would have an advantage over other buyers with competing offers.

However, if you could bring yourself back to the topic of a client seller being entitled to: direct their real estate practitioner to disclose all the details (substance) of competing offers to all of those who would be in a competing situation, we would be back on track.

(1) If a brokerage that has a seller as a client receives a competing written offer, the brokerage shall disclose the number of competing written offers to every person who is making one of the competing offers, but shall not disclose the substance of the competing offers.

in Ontario, Realtors are forced to disclose that which sellers aren't required to disclose such as the number of competing offers or certain defects, and similarly, while we must disclose the number of competing offers we can't disclose price or reason for selling / buying, which the seller can.

If there are competing registered offers, this fact is disclosed in accordance with REBBA.

I also don't believe a listing agent should disclose the presence of a competing offer to another buyer... that should be confidential information.

If his seller wants it disclosed that there are competing offers then his seller wants something that is legal, and the agent has to follow his direction.

In BC and Alberta, the existence of competing offers can't be disclosed by the listing agent to anyone without the consent of the seller.

Disclosing the existence of competing offers cuts both ways, and can benefit all parties concerned.

In other words, terms of offers can be disclosed to competing buyers or their agents by sellers or seller's representatives unless there are laws or confidentiality agreements that specifically prohibit that disclosure.

The RECO newsletter notes that the use of an escalation clause could violate a provision in the industry Code of Ethics, which prohibits agents from disclosing the price and contents of competing offers.

In Nova Scotia, the seller's representative is required to disclose the number of competing offers to all buyers who have submitted a written offer unless the seller has directed the brokerage, in writing, not to.

If the seller does disclose that the buyer is in a competing offer situation, the buyer's licensee should:

NSAR members take note: in a competing offer situation, the MLS Rules and Regulations require the listing brokerage to disclose any remuneration reduction to all brokerages with competing offers.

In Nova Scotia, the decision to disclose the existence of competing offers to buyers is entirely up to the seller and is documented in clause 6 of the Form 200: Seller Brokerage Agreement and clause 8 of Form 201: Seller Designated Brokerage Agreement.

disclose the presence of competing offers to the buyers» licensees if the seller agreed to do so, however, the content of the offers must remain confidential;