From the estate agents perspective this seems to mean the property is unavailable, commission in the bag etc.. Yet they have a duty to inform the vendor (their client) of any interest and are legally bound to report offers, but they almost always don't want to. This is surely a conflict of interest?
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The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.” -
I hope you aren't calling into question the integrity of Estate Agents!Originally posted by Bagpuss -
Does it need questioning?Originally posted by richard-afComment
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No.Originally posted by zathrasComment
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I think they look at each case and decide whether to put them forward or not, even though they're supposed to submit all of them.Originally posted by Bagpuss
They'll submit higher offers if they reckon there's a likelihood the vendor will be happy to pursue it. If the already-accepted offer's purchaser is in a better position to complete than the party with the higher offer, they probably won't bother with the higher one.
Better to chose the route most likely to actually secure the commission rather than automatically choose the highest offer.Comment
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Ha, Bag-o-pus wants to buy into property. You gotta laugh.Originally posted by Bagpuss
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Yes it made me chuckleOriginally posted by DimPrawnHa, Bag-o-pus wants to buy into property. You gotta laugh.
Hard Brexit now!
#prayfornodealComment
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Estate Agents often have this covered in their contracts with vendors. A common condition is that the vendor will withdraw the property from the market when an offer is accepted.
Last estate I agent I used to sell a property had a clause in there and I sad "Nope, cant agree that take it out". They said "Fine, get another estate agent"Comment
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They used to do it, its called "Gazzumping". I think its good that practice died out.I'm alright JackComment
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Estate Agents
tsk! what a bunch of bastar*s eh?Let us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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