Phantom bids and double ended sales for realtors
I saw this article and it got me thinking: http://www.theglobeandmail.com/globe-de ... e18506090/
What's the perception of phantom bids and double ended sales?
Should there be more transparency? Recently, my friend who is a realtor chose not to get the seller the best price, instead opting for more commission. There were two offers and instead of asking them to both bid against each other, he told the buying client the other offer's price which resulted in them winning by 1K.
Are both these practices ethical or do you see it as a tool to have buyers come with their best offer to begin with?
What do you think.
What's the perception of phantom bids and double ended sales?
Should there be more transparency? Recently, my friend who is a realtor chose not to get the seller the best price, instead opting for more commission. There were two offers and instead of asking them to both bid against each other, he told the buying client the other offer's price which resulted in them winning by 1K.
Are both these practices ethical or do you see it as a tool to have buyers come with their best offer to begin with?
What do you think.