Sentences with phrase «of competing offers»

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

Rather than simply ask for a lower rate (I didn't have the luxury of a competing offer) I decided to explain my position.

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.

Where state license laws prohibit the disclosure of terms of competing offers by real estate licensees, parties specify what permissions their agents have to disclose either the existence or terms of offers.

Sinice property is listed on MLS, in this live and transparent auction, are other bidder privy to contents of the competing offer including price?

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.

Following a bench trial, the trial court entered judgment that awarded plaintiffs $ 409,846 in damages for defendants» failure to notify the buyer of competing offer.

After a complaint was made, the Real Estate Council held a hearing and found that the licensee was in a position of conflict (she had placed her own interest ahead of those of the sellers») by listening to the presentation of the competing offer and then making her own offer without any advance warning.

A Realtor who reveals the terms and conditions of a competing offer without the sellers authorization to one buyer, gives that buyer an obvious advantage over the others which breaches the duty of fairness owed to the other buyers.

Unless they receive a bunch of competing offers, they should accept with little hesitance.

Even if buyer Jane includes a cap or maximum price in her escalation clause, the seller agent can push Jane to her maximum price because Jane has to take their word for it - there is no obligation for the seller's agent to retain a copy of the competing offer (and recall that the «Offer Summary Document» does not require the recording of offer price information).

Another benefit in getting pre-qualified is that it is an expression of your seriousness in purchasing a home, which may be a deciding factor in a situation of competing offers from other not - yet qualified buyers on your dream home.

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.

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;

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.

Additionally, some of these competing offerings may also include other ETFs than those included in our Asset Allocation portfolios.

Please note that some of these competing offerings may offer exposure to instruments other than ETFs, such as mutual funds.

Immediately email your points of contact with those companies to inform them of the competing offer, give them your timeline, and let them know you're still interested in working for them.

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.

«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.

Where as adding a transparency model all the Buyers would have felt better by at least being given the chance to improve and a very good chance that given how many offers there were the Seller could have received even more than they did from one of those 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.

In many Boards that would be against the rules, Especially if one of the competing offers was your own.