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Darrell In Phoenix says

Ask an honest question and you'll get an honest answer

I guess you are trying to say that this phantom offer thing is an industry standard for used house sales people, I guess, because you aren't saying anything.

The truth is that is one of the most debunked illusions people have about used house sales people. Any agent can ask to see the highest, and best, or the volume of offers.

The very, very sad truth is that agents do write multiple offers on properties.

Writing a highest, and best offer has to be the stupidest thing any agent can get involved with, but they do it, usually at the buyer's insistence.

There are some agents that encourage the multiple offer situation because it creates urgency.

But the very, very sad truth is agents do write into multiple offer situations, and buyers, and sellers go along with that.

Darrell In Phoenix says

Ask an honest question

Please post your definition for "honest question"

Darrell In Phoenix says

Because it is.

I guess we are in a he said, she said situation.

I've been in the business of Real Estate a long time, and what I know is that it is sad we have multiple offers, but they do really happen.

Now if you are talking short sales, that is an industry standard to have the loss mitigator collect offers to counter at highest, and best. Those are always situations to walk away from.

The Professor says

David Losh says

So I don't fault Real Estate agents as much as I fault the government, and the banks who were making the loans.

I agree. RE agents were as ignorant as the rest of us.

But they still got their commision.

Actually, RE agents lost all of their commission and more in RE investment this last round. Some had to file BK to discharge their debt. Some even lost their spouse.

Karma is a bitch.