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Old 01-16-2012, 10:44 AM   #10
onetwo_threefour
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Join Date: Apr 2006
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Quote:
Originally Posted by Winsor_Pilates View Post
^^
I see the point you're both getting at. IIRC, we're obligated to disclose that there's an accepted offer.
I tried to set up 4 places to show a client today and 3 that I called her accepted offers on them.
Never really thought of an agent hiding it, don't think it ever happens and can't really see why an agent would?
The brokerage I get the most referrals from also takes the position that the realtor is obligated to disclose if asked directly, but as for why a realtor/sellerwouldn't disclose if asked I suppose it comes down to the same argument for this change being made in the first place, if you tell people they won't view the property.

This unnamed brokerage that I mentioned that is taking the position that they don't have to disclose even if asked (which is not Travis' brokerage either by the way, that is not why I'm being circumspect), seems to be suggesting that the Seller's instructions trump a duty of honesty. That is a dangerous precedent to set, in my mind. I assume that this position will be repudiated by CREB, but the rule change is what has raised the issue inthe first place.

While Travis says he loves the rule, I'm wondering if he would feel the same as a buyer's agent running up against the uncertainty of whether you know what you are looking at with clients. Also, I see buyer's agents needing to write in more conditions to offers to allow their Buyers to continue shopping if they are a backup offer which makes it critical for the Buyer's agent to know the status before writing an offer.

Again, I am not against this rule change per se, but I do think it opens up some tricky technical and ethical issues.
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