Can an estate agent withhold an offer?

The buying agent must record all offers received and not conceal, misrepresent, withhold or delay communicating offers. It is the seller who decides whether to accept an offer; to reject an offer; when to stop marketing the property after an offer has been made, and to whom to sell the property to and at what price.

How long should you give a seller to respond to an offer?

How long do sellers have to respond. Unfortunately, there’s no rule about how quickly a seller has to respond to your offer. However, most sellers will extend the common courtesy to a buyer and respond in writing within 24 to 72 hours (or three business days) from the receipt of the offer.

How long should you take to respond to a House offer?

Try to respond swiftly when a buyer makes an offer, or be clear with your selling agent about the time you need to consider an offer. If you consider the offer to be too low, you might feel it’s sensible to provide an immediate response. Otherwise, it’s normal to respond within 48 hours.

Can I change my mind after making an offer on a house?

Can you back out of an accepted offer? The short answer: yes. When you sign a purchase agreement for real estate, you’re legally bound to the contract terms, and you’ll give the seller an upfront deposit called earnest money.

Do realtors have to submit offers and counteroffers quickly?

This falls in accordance with the National Association of Realtors® Code of Ethics, which states that Realtors shall submit offers and counteroffers objectively and as quickly as possible. However, not all real estate agents are members of NAR and required to abide by its code.

Can a realtor make an offer that falls short of minimum requirements?

“If the seller has specifically instructed the agent not to bring offers that do not meet a certain minimum requirement, the agent may not need to present any offer that falls short of the minimum,” says Phil Lunnon, a Realtor in Lakewood, CO.

Can a real estate agent refuse to present an offer?

But if it is a valid written offer and the seller has not instructed their agent to refuse to present certain offers —then the agent can not refuse to present an offer. I received an offer several years ago that I thought included some things that were illegal.

Can my realtor tell other people about my other offer?

A: With your written permission, the Realtor should be able to tell each purchaser about the other offer. Your Realtor is to be obedient as long as it is within the scope of the law. If Nebraska state law doesn’t specify it is unlawful, then you need to write your Realtor a letter directing her of your wishes.