Murfreesboro TN Homes: Sorry but you ASSUMED Wrong! I Can't Disclose that Information! Protecting Our Clients!

Sorry but you ASSUMED Wrong! I Can't Disclose that Information! Protecting Our Clients!

We received an offer on one of our listings that was extremely low.  Keeping emotions at bay, we countered with what we felt was a very reasonable counter.  The buyers walked with no counter, no questions, no explanation.  The offer was so low there was absolutely no remorse or second thoughts by my sellers.  I know first offer is usually the best offer, but in this case I knew that it wouldn't be!  

Today we finalized the paperwork on a new offer for that home.  The seller's are excited.  It is a solid offer and we are preparing for closing.  However, there are hurdles to cross and we've all had closings fall apart due to unforseen circumstances. 

As luck would have it, agent number one emailed me saying her clients will be submitting a new offer and where should she forward the paperwork.  I responded that I was sorry, but we had just accepted an offer and this would be reflected in the MLS within the hour.  Her next email surprised me.  She is a managing broker for a company and said that since it will show in the MLS once it is closed, she assumed it was okay to ask what they took and how much they paid in closing costs along with any other concessions.  She went on to say her clients will want to know!  

Sorry, but as my seller's designated agent I can't disclose:

  • How much they accepted prior to the home closing
  • How much they paid in closing costs prior to the home closing
  • If they agreed to pay title expenses prior to the home closing
  • If they left any additional items like washer/dryer/refrigerator

If the home doesn't close this is confidential information.  And in this market it is not unusal for deals to fall through so agents are presenting backup offers.  So you see, if your buyers decide to submit a back-up offer I would be telling you exactly what my seller will take.  I am the designated agent for my seller, not your buyers.  And, if the deal falls through and the home goes back on the market, you now how confidential information that puts my sellers at a disadvantage with your clients.    

Sorry managing broker, but I would assume that as managing broker you already knew that!

If you are thinking of selling your Brentwood TN Home, Murfreesboro TN Home, or are located in the Nashville TN area, please give me a call.  I would love to represent you in the purchase or sell of your next new home.  Hiring a knowledgeable real estate agent that will make sure your contract is clearly written and is committed to protecting YOUR best interests in a real estate transaction can save you thousands of dollars.  In fact, the services of a great real estate representative can be priceless!  Here are some other blog posts you may find interesting that discuss the services of a buyers agent or sellers agent: 

A Knowledgeable Buyers Agent Can Be Priceless!

Before you Sign READ EVERY LINE!

STOP sitting on the Fence!

Don't Take Reading & Writing Offers So Seriously - They're Just Legally Binding Contracts!

 

 

FIND ME ONLINE:

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Please visit:  SOLDONTN &  SherriWellborn.com 

Sherri Wellborn, Keller Williams Realty

Reliant Realty

640 Broadmor Blvd
Murfreesboro, TN 37129

615-566-3789 CELL

615-225-9600 Office

Comment balloon 69 commentsSherri Wellborn • August 15 2011 06:48PM

Comments

Sherri, wow you're really on a roll. Congrats on the feature. I have been known to ask this question of seller's agents. If I am representing the buyer, I want to get as much info as possible to present a better offer. You might be surprised at how many agents actually reveal this info. As a listing agent, I'm with you. I keep my mouth zipped.

Posted by Tammie White, Broker, Franklin TN Homes for Sale (Franklin Homes Realty LLC) over 6 years ago

Darn straight Sherri! We also are on the same page with this one. It doesn't matter if you are another licensee, neighbor down the street or appraiser, our responsibility is to our clients. If we release the information of the selling price before it is actually sold, and it does not sell for one reason or another, then we may have just cost our clients money. We will certainly assist appraisers after it closes to help with their comps and the licensees have access to that information themselves (after it closes).

Jacque & Larry

 

Posted by Larry & Jacque Ficek, Realtors - Wasilla Alaska (Alaska Dream Makers) over 6 years ago

Managing broker, my @$$. That's just exactly the sort of action that gives our industry such a bad name.

You did EXACTLY  the right thing, and probably with a much nicer tone than if the message had come from me.

Posted by Jon Quist, Tucson's BUYERS ONLY Realtor since 1996 (REALTY EXECUTIVES TUCSON ELITE) over 6 years ago

Your response was what any client should expect from their agent. The other agent was trying, ad it's not unusual for some agents to just blab away.

Posted by Ed Silva, Central CT Real Estate Broker Serving all equally (RE/MAX Professionals, CT 203-206-0754 ) over 6 years ago

Good for you as that is confidential information to the parties involved.

Can't blame the other agent for giving it a shot but it's none of her business.

Posted by Cameron Wilson, The Short Guy - Murrieta,Temecula,Menifee Californ (Labrum Real Estate) over 6 years ago

LOL...I agree with Cameron above ! Cheeky to ask, but none of her business all the same ! Good job representing your seller properly :o)
Cheers Sherri!

Posted by Sheldon Neal, That British Agent Bergen County NJ (Bergen County, NJ - RE/MAX Real Estate Limited) over 6 years ago

Sherri. That is amazing that a Broker would ask that of you.  I can understand a new agent or someone just being bold but I just can not believe a Broker would.  What you did and why you did it was text book perfect.

Posted by Steve Warrene, Pittsburgh Real Estate Investment Specialists (Your Town Realty) over 6 years ago

Hi Tammie - Well I had no idea this was featured!  This just happened today and it made me feel better to write about it!  

Posted by Sherri Wellborn, Murfreesboro TN Homes & Real Estate (Reliant Realty, Murfreesboro) over 6 years ago

Jacque and Larry - Thanks so much for your supportive comments!  I always help appraisers or other agents AFTER something has closed but never before!    

Posted by Sherri Wellborn, Murfreesboro TN Homes & Real Estate (Reliant Realty, Murfreesboro) over 6 years ago

Of all people, a managing broker should know that you cant divulge that information.  Once the sale closes, they can easily find it in MLS.  Until then, they will just have to guess.

Posted by Rodney Mason, FHA 203(k) & HomeStyle Renovation-AL,GA,TN (On Q Financial) over 6 years ago

Jon - Your comment made me laugh!  You managed to put my thoughts into writing - but being a southern lady I was much more polite with my verbal response!  

Posted by Sherri Wellborn, Murfreesboro TN Homes & Real Estate (Reliant Realty, Murfreesboro) over 6 years ago

Ed, Cameron, and Sheldon - Can't blame her for asking but I would never personally ask something that I know is unethical.  We each have to decide what lines we are willing to blur or cross in this business.  If so many agents didn't blab so freely they wouldn't bother asking!  

Posted by Sherri Wellborn, Murfreesboro TN Homes & Real Estate (Reliant Realty, Murfreesboro) over 6 years ago

Steve and Rodney - The fact that she is a managing broker is what really surprised me.  Can't blame her for asking?  I don't ask questions that I know are unethical even if the other agent is willing to blab.  I would feel like I was exploiting the ignorant if they answered!!  But a managing broker should have a higher standard and certainly know better than to ask.  Let's just say I won't be going to work for her anytime soon!

Posted by Sherri Wellborn, Murfreesboro TN Homes & Real Estate (Reliant Realty, Murfreesboro) over 6 years ago

Sherri,

I don't blame the other agent for asking, and I don't blame you for not answering.  Everyone is just doing their job trying to represent their client.

In Silicon Valley the seller is under no obligation to negotiate the same price and terms on a back-up offer as on the accepted offer.  In fact, very often the seller can negoiate more favorable terms on a back-up because that buyer understands he's at a disadvantage.  Also, in Silicon Valley there is no requirement that the seller accept the same price and terms on a second offer as the first, if the first transaction falls apart. 

Posted by Lloyd Binen, Silicon Valley Realtor since 1976; 408-373-4411 (Certified Realty Services) over 6 years ago

Sherri,

In Toronto, this information about the price is usually available right after conditions are waived. However, for commercial deals, the information remians confidential until  closing.

Brian

Posted by Brian Madigan, LL.B., Broker (RE/MAX West Realty Inc., Brokerage (Toronto)) over 6 years ago

The managing broker did know that information couldn't be disclosed, as would any real estate agent.  Good for you - thanks for the post, sometimes it amazes me the kind of questions that agents will ask and really expect answers!

Posted by Joy Daniels (Joy Daniels Real Estate Group, Ltd.) over 6 years ago

Sherri -- Agree with the rest. The broker knew, but was just hoping YOU didn't know what you were doing. Good job!

Posted by Barbara Altieri, REALTOR-Fairfield County CT Homes/Condos For Sale (RealtyQuest, Fairfield and New Haven County CT Real Estate) over 6 years ago

Just amazing! I hear those questions all the time from buyer agents on bank owned properties. Some even ask if I would give them them amounts of the other offers and go as far as have the broker call and demand the information.

Posted by Carolyn Nelson, The Best Broker in Alamance County! (REALTYONE 247) over 6 years ago

I am speechless that a broker would even ask these questions. I know buyers don't always understand but the broker, OMG.

Posted by Corinne Guest, Managing Broker, The Best in Buyer Representation (Barrington Realty Company) over 6 years ago

Sherri I've had many an agent try to get infomation out of me for years.  Duh! Not happening kids no matter much you beg or lead. I work for my client - not yours!

Posted by Anna Banana Kruchten CRS,CRB, Arizona's Top Banana of Real Estate! (Phoenix Property Shoppe) over 6 years ago

No no never!

When it closes, you will properly place the appropriate information on the MLS. No one minuter sooner! I am totally with you on this one.

Posted by Richard Weisser, Richard Weisser Retired Real Estate Professional (Richard Weisser Realty) over 6 years ago

I doubt she was a managing broker., more like an independent agent.  I would be interested in hearing if you looked up her membership information.

Posted by Mark & Janelle Potter, Mark and Janelle Potter Realtors - Broadmoor Colo. (The Real Estate Network 719.331.4824) over 6 years ago

This is actually quite common that agents ask this question of listing agents. I think that people just can't help themeselves and ask even though they know they will not get the answer 99% of the time. 

Posted by Jesse Madison, List For Less...Sell for More | 1% List Fee! (One Point Plus Real Estate) over 6 years ago

I couldn't agree more, it's suprising that people even ask.

Posted by Craig Hatcher (Georgia Residential Realty, LLC) over 6 years ago

Now there is just the point I made earlier tonight.  It is SO ENTIRELY different to deal with the Real Estate Professionals of Keller Williams over many other companies where agents just dont have the same magnificant training opportunities our agents do.

And let's now forget the biggest difference.  They also dont profit more than 40% of the profit back to the agents at any other Real estate company anywhere.

Thank you for proving my point by demonstrating your superior training to this so called Broker Owner.

Great Job!!!

Posted by Florida Tolbert Team Keller Williams Advantage, Million $ Guild Member Cert Luxury Home Mkting Spc (Keller Williams Advantage III Realty in Lake Nona) over 6 years ago

It's amazing how many times I'm asked that question, especially if it is a multiple offer situation.  But anymore it seems the rules that most of us learned in Real Estate 101 are lost on agents looking to take short cuts.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 6 years ago

Sherri, Zip-it is right.  What an arrogant agent!  How judgmental was that? (LOL) They will find out when the property closes.  End of story. 

Posted by Kathleen Daniels, San Jose Homes for Sale-Probate & Trust Specialist (KD Realty - 408.972.1822) over 6 years ago

This is not even a close call -- wonder what the managing broker was thinking. 

Posted by Joan Whitebook, Consumer Focused Real Estate Services (BHG The Masiello Group) over 6 years ago

Sherri, Short of lying, there must be some crafty answer we can give these agent / managing brokers when they ask. Maybe just ask them to repeat the question just so they can hear themselve asking it again. And again. And again until they get it.

Posted by Charlie Dresen, Steamboat Springs, CO e-Pro (Steamboat Sotheby's International Realty) over 6 years ago

Sherri

Well I certainly get why an agent wants to know as much as possible for their client in a competitive situation, and there are some agents who do share. Yep, I get why they shouldn't, and I don't as a listing agent. I say make your best offer based on what you know, and be prepared to engage in competitive bidding if the seller wants to.

I would be a bit leary of this first buyer given how the scenario has played out thus far. Good luck.

Jeff

Posted by Jeff Dowler, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) over 6 years ago

Sherri,

I know this is nitpicking, but it's a pet peeve of mine since I sat on one of the ethics committees of our board etc.

Your comment of Sorry, but as my seller's designated agent "I can't disclose" is not correct. You CAN disclose if your sellers agree that it's ok.  Some people think it's illegal or unethical etc. etc. but I would encourage everyone to read their board rules and you'll probably find that it's perfectly ok to disclose price and details with the sellers ok. Small point, but It frustrates me when agents automatically say "I CANT tell you that". You really can.

Whether you should or not is a completely other topic with pro's and con's to it.

Sorry for correcting you as I know it's not polite to do so on AR.

Otherwise GREAT post.

Posted by Andrew Martin (REMAX Accord) over 6 years ago

Good for you - I also find it interesting when a buyers agent wants you to tell them if your seller will take an offer well under asking "because their buyer wants to just "write it up once" and not have a lot of back and forth (in other words..won't you just tell me your sellers bottom line) which of course we always say, I'm sorry I can't tell you what my sellers will take. Feel free to write up an offer and then I'll discuss it with them. Like others said, I guess you can't blame them for trying, but I'm not playing that game. 

Posted by Georgia Perez, Broker, ABR, CNE, Seattle, WA 206-356-9872 (Windermere Real Estate / WSI) over 6 years ago

Congratulations on the feature!  And what a great topic.  Shame on her - both for her initial rudeness and for her lack of knowledge and / or finagling.  That kind of thing makes my sweet self want to hang up on people ;)

Posted by Mimi Foster, Voted Colorado Springs Best Realtor (FALCON PROPERTY SOLUTIONS ) over 6 years ago

No I can't tell you if it's a shortsale, or a foreclosure, or how long its been on the market! That would be giving away my clients bargaining power....HELLO!? I explain this over and over ad-naseum! I am really contemplating having a sign made up that says...." We proudly represent the SELLER in the marketing of this fine property." And then that way when they ask about the sign you can go on to explain agency. What do you think??!!

Posted by Rosalie Evans, The Evans Group, Sioux Falls, SD Homes For Sale (Meritus Group Real Estate) over 6 years ago

Sherri - Although they will want to know does not give them the right to know.  You are doing the right thing.

Posted by FN LN over 6 years ago

I must conclude by the information shared that Broker #1 must have obtained her license as a cereal box reward. No one outside of the parties to the contract are "entitled" to such confidential information.

Posted by Mike Mayer (Mike Mayer, Broker/Owner - i List For Less Realty, LLC) over 6 years ago

As a managing broker, you would think she knew better, so she was probably trying to intimidate you, but that is still just as bad.

Posted by Sandy Acevedo, RE/MAX Masters, Inland Empire Homes for Sale (951-290-8588) over 6 years ago

Mark an Janelle - The card refleced managing broker and I actually did check online and confirm that was correct.  I know it is surprising but they actually are the managing broker!

Posted by Sherri Wellborn, Murfreesboro TN Homes & Real Estate (Reliant Realty, Murfreesboro) over 6 years ago

Congratulations on the feature. We have to follow state disclosure laws and they vary from state to state.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) over 6 years ago

Sherri, I get asked this also from time to time.. I never answer it and often wonder if people do. I even had one of my sellers call me to ask to find out the price of a sold home in her neighborhood....

Posted by Scott Fogleman, New Home Team (New Home Team 804-573-9592) over 6 years ago

Sherri, great information! I cannot believe the nerve some people have in asking outrageous, irrelevant questions!

Posted by Michael L. Brownstead, ABR, GRI, MRP, SRS, 1SG US Army (Ret.) (Keller Williams Realty) over 6 years ago

Andrew, our listing contract covers confidentiality and has a place where the seller must list any confidential information that they would allow me to disclose.  This seller, just like all my sellers, have indicated that there is NO confidential information that they would like disclosed.  As their designated agent I CAN'T disclose that information.  

I could have elaborated and stated that as their designated agent I CAN'T disclose that information because my seller has not given me permission to do so.  Or, as their designated agent I can disclose that information if the seller gives me permission, but the seller has asked me not to disclose any confidential information and therefore I can't disclose it.  

I believe my statement as their designated agent I can't disclose that information is correct.   

 

Posted by Sherri Wellborn, Murfreesboro TN Homes & Real Estate (Reliant Realty, Murfreesboro) over 6 years ago

Mimi - We must have the same personality!  Some days it is hard to maintain a sweetness in this business!  HaHa!  

Posted by Sherri Wellborn, Murfreesboro TN Homes & Real Estate (Reliant Realty, Murfreesboro) over 6 years ago

Rosalie I like your marketing idea!  I always tell me sellers when they list that I will ONLY represent them and never try to work both sides!  On listings I ONLY represent the seller!

Posted by Sherri Wellborn, Murfreesboro TN Homes & Real Estate (Reliant Realty, Murfreesboro) over 6 years ago

I always chuckle when the other agent goes too far. I tell them I appreciate their initiative in asking, however, I cannot answer their question.

Posted by Dave Halpern, Louisville Short Sale Expert (Keller Williams Realty Louisville East (502) 664-7827) over 6 years ago

Georgia - This happens to you too?  Some people don't understand negotiating!   I always say I will be happy to present anything you submit in writing to my sellers.  What more do they need to know?  Gotta love the ones that want to run a verbal offer by you too!

Posted by Sherri Wellborn, Murfreesboro TN Homes & Real Estate (Reliant Realty, Murfreesboro) over 6 years ago

Mike - your comment cracked me up!  It does seem like some agents get their license from a cereal box! 

 

Sandy - If she was trying to intimidate me it absolutely did not work!  Gotta wonder on how many agents it would work tho!

Posted by Sherri Wellborn, Murfreesboro TN Homes & Real Estate (Reliant Realty, Murfreesboro) over 6 years ago

Sherri, I'm with Cindy #26.  I get asked that all the time.  All of the deals have gone through to closing, but if they hadn't those asking for numbers would have had inside information that they could have used against my seller.  Nope, no way, no how!!  Congrats on the feature.   Well written and well worthy!!

Posted by Mike Cooper, Your Winchester, VA Real Estate Sales Pro (Cornerstone Business Group Inc) over 6 years ago

Sherri, your response was totally correct. This information is confidential until you walk away from the closing table.

Posted by Michael Setunsky, Your Commercial Real Estate Link to Northern VA over 6 years ago

Thanks Mike!  More and more I realize how important having a really good agent is to clients.  I think we take it for granted that everyone "knows the rules" but obviously we don't all play the same.  Now way will I give up my client's confidential information.  No way, no how!

 

Thanks Michael!  I appreciate your supportive comment!

Posted by Sherri Wellborn, Murfreesboro TN Homes & Real Estate (Reliant Realty, Murfreesboro) over 6 years ago

Sherri:   REALLY?  Realtors and Brokers are still asking those questions?  REALLY!  Thank goodness your clients choose you who gave the right response.

Posted by Gwynn Carpenter, : Broker, Home & Hearth Realty (512)467-6191 (Gwynn Teal Carpenter-Broker: Home and Hearth Realty (Austin)) over 6 years ago

Believe it or not, there are so many agents out there who will give out tht information once a property has gone under contract.  I don't know if they realize the consequences if the the sale does not close or if they are just not aware of the responsibility to their sellers.  I am asked at least once or twice on every property that goes pending the same questions, even by realtors who are simply showing property in the same neighborhood and want to get a feel of what their buyers should offer on a house down the road.

 

And, I have to admit, I have also asked the same questions and have been truly surprised when I was given the answers.  Knowledge is truly power. 

Posted by Marnie Matarese, Showing you the best of Sarasota! (DWELL REAL ESTATE) over 6 years ago

It is hard to believe what some professionals try to "pull". Things like this have happened to us so many times, you just wonder how the 'profeesional' has made it this far in the business.

Posted by Ken and Leslye Huebsch, Realtors - Harrisburg Homes for Sale 717.514.1793 (3x Individual Agent of the Year, Luxury Homes, First-Time Buyers, Residential Resales, New Construction) over 6 years ago

Everybody always tries to do this, but being firm and just saying that you won't disclose anything is the only way to go. 

Posted by Eileen Hsu, LICENSED REAL ESTATE SALESPERSON (Douglas Elliman Real Estate) over 6 years ago

Those are common questions that we can sometimes get from people in our own office or close friends we work with in the same town.  The reality is that it's all information that is seldom known and shouldn't be disclosed prior to the closing.

Posted by Bryan Robertson, Broker, Author, Speaker (Intero Real Estate) over 6 years ago

Sherri,

My point was that a better answer might be "the seller has instructed me not to do so" rather than a flippant answer of "I can't"

When looking at the other comments, I still think most people think they are not allowed to answer price questions etc. and my point is it IS ALLOWED with the sellers consent. And I bet 99% of the people never ask the sellers what they want, they just blurt out "I Can't". And it's not our place to say yes or no without asking the seller.

 

Posted by Andrew Martin (REMAX Accord) over 6 years ago

Sherry, Hey girl!  How is Murfreesboro treating you?  I'm still homesick and would move back in a second :)  Congrats on your featured post.  WELL deserved.  You did the right thing by honoring your sellers.  As many have stated already, no wonder we all have a bad wrap.  I should be shocked that the managing broker asked, but sadly I'm not.  Happy Tuesday to you!

Posted by Elizabeth Cooper-Golden, Huntsville AL MLS (Huntsville Alabama Real Estate, (@ Homes Realty Group)) over 6 years ago

Typical low life realtor behavior that makes us all look bad.  You should have published her name and brokerage so everyone in your area is aware of how she operates. 

Posted by Bob Zorechak - ABR, GRI, e-PRO, Sells Homes in Morris/Somerset/Hunterdon Cos., NJ (Keller Williams Realty Metropolitan) over 6 years ago

Hi Sherry, I can see how this is a delicate situation, and where this needs to be handled like/by a pro. But I see an opportunity to negotiate, in this case perhaps a lost opportunity.

I agree with Andrew @#31 and 56. I suggest this not for you to decide but for your client to make this decision. The responsibility of the listing agent is to negotiate the best possible transaction/outcome with the best yield for the seller based upon the circumstances presented.

If you play it right within the course of the development of the transaction with any buyer, the other buyer 'may' have provided you with an opportunity of a better deal. It's not what you 'disclose' or what you say, it's about how to obtain information from the buyer and respond with ability and savvy, negotiate and work a deal that maximizes the return to the client from any buyer - by following their instructions.

The fact that the buyer-agent is a managing broker is totally irrelevant in this situation and means absolutely nothing.

Posted by Richard Bazinet /MBA, CRS, ABR, Phoenix Scottsdale. Sellers, Buyers & Relocations (AZuRE Team - Realty ONE Group) over 6 years ago

Hi Sherrie,  Wow, that managing broker was out of line in asking those questions.  You did the right thing for all concerned.

Posted by Bill Gillhespy, Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos (16 Sunview Blvd) over 6 years ago

Richard #59   thank you.  I find it very interesting that out of all these comments, people don't seem to get it and their saying the buyers agent was out of line or somehow wrong for asking?  Really?

As you suggested, sometimes by providing the buyer all the details, you can obtain a better result for the seller. Or at least, eliminate the serious offers from the lowballers.

Again, I ask that people go back and read their ethics rules from their boards. Maybe there are some boards that strictly prohibit talking whether the clients gives their ok or not, but I doubt it.

And again to those agent that automatically use the word "cannot", well, yes you can. And in some cases it may be to your clients benefit. Open your eyes!!!!  Think before saying, Cannot. You may be the one that's wrong, not the person asking.

Posted by Andrew Martin (REMAX Accord) over 6 years ago

Too many agents will slip up and give the buyers' agent a better negotiating position.  Good for you for sticking to your guns on this one!  When appraisers call me to ask this information prior to closing, I don't give it to them either!

Posted by Karen Feltman, Relocation Specialist (Cedar Rapids/Iowa City, IA Lepic-Kroeger REALTORS) over 6 years ago

Andrew - I did not simply state "I can't" nor was anything "blurted out."  I stated that as my seller's designated agent I cannot disclose that information.  You stated that my response was flippant.  The definition of flippant is frivolously disrespectful, shallow, or lacking in seriousness.  I fail to see anything at all in my response that indicates my response was flippant.

When I list a property, we discuss what is confidential and what my clients would like me to disclose.  Their bottom dollar or what concessions they will give in order to sell their home is discussed and is considered confidential.  That IS asking my clients how they would like me to address situations that come up.  

These were the same buyers that had presented an exremely lowball offer with no response to our counter.  In addition, let me point out that we had already ACCEPTED another offer.  The only option these potential buyers had would be a back-up offer or hopes that our accepted contract fails  If either of those come into play, disclosing what my sellers took would in no way be beneficial to my clients.   I fail to see how "providing the buyer all the detials" can obtain a better result for the seller.  If that's the case, why don't we just publish our seller's bottom dollar price in the MLS instead of negotiating contracts?  Because, as my seller's designated agent it is not in their best interest to disclose this information to potential buyers.

Not trying to be flippant at all.  I respectfully disagree with your position.   

 

Posted by Sherri Wellborn, Murfreesboro TN Homes & Real Estate (Reliant Realty, Murfreesboro) over 6 years ago

Hi Beth!!  How are you doing?  I am blessed beyond what I deserve!  You are always welcome back here in The Boro! We need more good agents like you!  And I agree, it is no wonder why we get such a bad reputation among many people.  It just amazes me that so many agents just don't protect their clients.  Thanks for posting!  

Posted by Sherri Wellborn, Murfreesboro TN Homes & Real Estate (Reliant Realty, Murfreesboro) over 6 years ago

IMHO, if the clients wanted to know what the Sellers would accept they should have made a more reasonable offer to start with... ;:-)

Posted by Greg Large, A Tradition of Trust (ERA Real Solutions) over 6 years ago

What part of confidential does that other agent not understand?   Or did she think you might be dumb enough to tell?

Posted by Faye Taylor, Floresville, La Vernia, Poth, San Antonio area (StepStone Realty, LLC ) over 6 years ago

Sherri,  the point of my post was not really to argue with you, but to point out to all the other agents that assume you "can't" that yes you can. And I got the flippant remark from your title where you said "I can't Disclose that info". I still think saying "my client doesn't want me to" vs. "as my seller's designated agent I can't " is very different. But, what do I know and I guess it's just semantics anyway.

And if you really ever wanted to have a discussion about it, I can point out how it can be beneficial to disclose to the potential buyers what the deal is that you have in hand. But I'm assuming you already have your mind made up that it's not good. No big.

Anyway, not here to argue, just point out to people to really think it thru before saying they CAN'T do something.

Again, I know it against AR rule to disagree with anyone and not say your the greatest. So, I completely agree with you and your the greatest.  :)

Posted by Andrew Martin (REMAX Accord) over 6 years ago

I don’t blame the broker for asking but your answer was absolutely correct. If her buyers want to know the final price she can tell them after the transaction is closed since it will reflect in your mls records. I bet she doesn’t call for details at that point!

Posted by John Juarez, ePRO, SRES, GRI, PMN (The Medford Real Estate Team) over 6 years ago

Greg - That was my exact feeling as well.  Agents that make extremely low offers on homes that are not distressed and in mint condition, and then don't respond in any way to a reasonable counter are not serious buyers.   The are just fishing for information and hoping if they keep trying over and over they will get lucky and get a nibble.  

 

Faye - Sadly, I think many agents do tell and don't realize that this is considered confidential information.  

 

Thanks John!  Exactly!  She has a whole list of MLS closings that she can get that information from!  I'm sure I will not hear back fro her after this has closed.  

Posted by Sherri Wellborn, Murfreesboro TN Homes & Real Estate (Reliant Realty, Murfreesboro) over 6 years ago

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