Not exact matches
Despite this, RECO provides detailed advice on how agents should handle offers with
escalation clauses without specifically telling the competing buyer the price of the top offer.
In contrast, an
escalation clause automatically gives you the opportunity to revise your offer
without the seller having to take specific action in the form of a counter offer.
Your agent might suggest you include an
escalation clause which effectively says if there is another offer better than yours, you're willing to pay $ 5,000 more than the top offer -
without even knowing what the top offer is.