Quick Answer: Can An Estate Agent Disclose Offers?

Can an estate agent tell you other offers?

Estate Agents can’t legally tell you how much the other offers were for, but they will usually indicate if they were close to the asking price, which can help to inform your own decision.”.

Can an estate agent lie about offers?

When an estate agent markets a home they’re legally obliged to treat both buyers and sellers fairly by following the Code of Practice for Residential Estate Agents. This means they should not lie about offers to any party involved.

Do estate agents invent offers?

Estate agents are unlikely to lie about offers, because the risk of a buyer withdrawing from a sale is not worth the small amount of money they will gain if you increase your offer. It is true that many estate agents earn commission on the final sale price of a house.

Do estate agents talk to each other?

Yes, real estate agents talk to each other, and they do so to : Facilitate the sales in which they are involved. Build a professional network which, in turn, helps them better serve their clients. Learn about the properties, the neighborhoods, and issues that might affect their clients.

What do estate agents have to disclose?

New South Wales These documents must be attached to the contract at the time of sale and consists of the following information: A Section 149 Certificate (also referred to a planning certificate) which includes full details about the property zoning. Title documentation outlining whether the property is.