Click To View Links

Can my own realtor undercut me in an offer?

I found a home online and had my realtor take me to see it. I decided to make an offer and when I got home I saw the price had dropped an additional $7,500. My realtor did not discover the price drop before we placed the offer. The house had been on the market for 40 days. The seller went back and forth with me for a few days then said they had another offer. I have a feeling my own realtor put an offer in because she too is home shopping. I'd like to know if this is illegal, unethical or just bad business.

Comments for Can my own realtor undercut me in an offer?

Click here to add your own comments

Unethical Realtor Practices
by: Jeffrey

Hello Anonymous;

I guess you felt that leaving your first name and location was not a wise thing to do.

You are right in drawing the conclusion that if your realtor went behind your back and made an offer on the same house at a lower price that this is bad business.

However I do believe it would be illegal since anyone can put in an offer to buy a house.

You sound like you have no real proof if this is the case. Have you ask the Realtor if they put in an offer?

So I guess my advice to you is to confront the realtor you're working with. If you feel they have been dishonest with you and beat you out of a deal, then contact your local Board of Realtors and see about filing a complaint.

Each local board is part of a state and national association and we all have to abide by a code of ethics.

Until you face it head on, you have no real leg to stand on. If you move on, later you can find out who bought the property by checking the address at the local registrar of deeds.

I'm not sure this is what you want to hear, but that is my 2 cents worth.

Click here to add your own comments

Return to Ask The Expert.

Recent Articles

  1. Arkansas First Time Home Buyer Grants | Programs | Down Payment Assistance

    Dec 11, 18 05:55 PM

    Pursuing any Arkansas first time home buyer grants to purchase that home? Find the best grants for home buying in Arkansas and other home mortgage programs available on this page.

    Read More

  2. New Jersey First Time Home Buyer Grants and Programs

    Dec 11, 18 05:21 PM

    Hunting for New Jersey first time home buyer grants to purchase that home? Find the best grants for home buying in New Jersey and other home mortgage grants available on this page.

    Read More

  3. Kansas First Time Home Buyer Grants

    Dec 03, 18 04:09 PM

    Looking for Kansas first time home buyer grants for your down payment? Find the best assistance programs for home buying in Kansas on this page.

    Read More

Buyer Programs

fha loans

The FHA Loan Products

Home Buyer Grants

zero down home loans

Zero Down Home Loans


Follow Us On Twitter

follow me on twitter