KAREN  FUNK, Realtor Elk Grove Sacramento Seller Buyer Investor (1st Choice Realty & Associates)

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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I discuss what the sellers authorize me to discuss and share. 

Why?  Because I do not act unilaterally.  I am an agent and fiduciary. 

Jun 02, 2018 01:33 PM
Rainmaker
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Mike Cooper, Broker VA,WV, MD
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Karen, there is a paragraph in our state contract that a seller agrees to that would let a listing agent share the details of an offer received, but I never would without the sellers permission. It really could benefit the seller in a competitive offer scenario. I don't know too many agents who do share that info.

Jun 02, 2018 02:06 PM
Rainmaker
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Details? No, probably not. Only that another offer or other offers was/were coming in.  Write up your highest and best offer is the most I would probably suggest to them. 

Jun 02, 2018 02:39 PM
Rainmaker
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Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Yes, if it would potentially benefit the seller and with the seller's permission as well.

Jun 02, 2018 02:24 PM
Rainer
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Sharon Altier, SFR
Lawton Realty Group, Inc. - Elmhurst, IL
Your Real Estate Partner

If that would be done, you would need to be sure you give all agents same information.  You don't want anyone claiming discrimmination.

Jun 02, 2018 02:43 PM
Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I often will share with a Buyer agent who is going to write -  " Keep in mind we've already turned down $ ___________ . "

Jun 02, 2018 03:09 PM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I only would with the seller's permission

Jun 02, 2018 02:36 PM
Rainmaker
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

NO! I believe it would be unethical. PLUS I want to stay in good graces with the other agents so they continue to bring me offers Karen Funk 

Jun 02, 2018 02:27 PM
Rainmaker
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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Only the details I want to leverage as a strategy, with my seller's permission.

It's poker, it's chess it's a mind game I confess. Ooh my inner Dr. Seuss.

Jun 02, 2018 06:35 PM
Rainmaker
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Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

With the seller's permission I will disclose with the intent to stimulate competition and a higher sales price for my client

Jun 02, 2018 04:44 PM
Rainmaker
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Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I do not discuss anything without the seller's knowledge, since I am working in the best interest of the Seller as a Listing Agent.

Jun 02, 2018 02:53 PM
Rainmaker
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I may nudge but not reveal

Jun 02, 2018 06:43 PM
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Before even getting offers, i discuss with my seller pros and cons or what to share and what not to share. In most cases telling buyer agents there is an offer coming in or just came in will result in more offers. More offers mean a higher selling price for my seller. 

Jun 02, 2018 05:36 PM
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Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

1.  Get Seller authorization, in writing.  Do this at the time of listing.

2.  What Michael J. Perry said, IF the market is strong.  

3.   Let that Buyer Agent do all the talking.  Ask them, "What is your Buyer offering?  (price AND terms)"

4.  Verbal discussion only.  I won't put it in writing, text, or email.

Jun 02, 2018 04:29 PM
Rainmaker
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Limited info only and never specifics of price or terms.  I may share loan type, especially if they have a stronger loan type.  Never amount down or exact price.  I will share if they're close to, at or over full price as well as how many offers there are.  Lets the buyers put their best foot forward.

 

Like you said in your response to Mike, it's advantageous for the seller to get the best possible offers.  When I represent buyers, I always call for that type of info to and greatly appreciate when I receive it.

 

I'm also in CA.

Jun 02, 2018 06:35 PM
Rainmaker
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Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

The only thing they'll hear from me is that other offers have been received. Since the advent of Buyer's agents I expect that they'll know what is best for their respective Buyers.

Jun 02, 2018 05:50 PM
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

ONLY if the sellers authorize me to. Period! As Kathleen Daniels said, 'I am an agent and fiduciary.'

Jun 02, 2018 04:15 PM
Rainmaker
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Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Sometimes, it's up to sellers normally.

Jun 02, 2018 03:51 PM
Rainmaker
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Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

If the seller authorizes this information be passed around, yes!

Jun 02, 2018 03:17 PM
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

What does your instructor say? What is in your textbook? Are you second guessing him/her?

Jun 02, 2018 03:09 PM
Rainmaker
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Absolutely not! I come from the same school of thought as Carol Williams. And I can tell you that when I represent buyers they believe their offers are being made with a modicum of confidentiality. 

Jun 02, 2018 02:54 PM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

You should not share confidential information.

Jun 02, 2018 01:39 PM
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I only share what the seller has authorized me to share. Some of the details can actually help the seller get a better offer.

Jun 02, 2018 05:54 PM
Rainer
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J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

Only what the seller wants me to disclose to other agents. I also always ask for information from the listing agent when I have a buyer.

Jun 02, 2018 04:27 PM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Karen, NO!  Unless seller authorizes you to do that.  And I would get that in writing from the seller.  A

Jun 02, 2018 04:13 PM
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

a sure way to get into trouble esp in sue savvy CA.....

Jun 02, 2018 03:27 PM
Rainmaker
477,131
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

Depending upon the details.  For example, in a multiple offer situation, I would inform all buyer's agents that we are in a multiple offer situation, give your highest and best by xxx.  I may also include what will appeal to sellers, for example, short option period, quick closing, sales price, etc etc.

Jun 03, 2018 07:14 AM
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KAREN FUNK
1st Choice Realty & Associates - Elk Grove, CA
Realtor Elk Grove Sacramento Seller Buyer Investor

CAR Form PRBS, that we are requred to submit with contract, clearly states  offers are not confidential unless a confidentiality agreement is ratified by all. It goes on to state the various secenarios where this would be advanageousto to seller, though best to get sellers approval first. My market is extremely tight inventory and I always discuss this with sellers upfront , as this has resulted in better offers and yes I share the same info with ALL agents. As a buyers agent, I always ask the listing agent , How many offers, above list and cash or finance. This saves us both time if my FHA buyer can't compete. I like being collaborative, I find it makes for a smoother transaction, while doing my fiduciary duty to my clients. I threw this out there to ignite discussion, and boy did it! Not bad for my first day on ctive Rain...

Jun 02, 2018 06:18 PM
Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Kathleen Daniels has your answer.  Thank you Kathleen. 

Jun 03, 2018 07:06 AM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not unless authorized to do so by the seller!

Jun 03, 2018 05:32 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I prefer to keep quiet.

Jun 02, 2018 10:03 PM
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

You must be in a class not to know this. 

Jun 02, 2018 03:01 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Karen Funk - if the sellers want it, I do.

Jun 03, 2018 09:35 PM
Rainmaker
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Sharing informaiton about existing offers can set a benchmark for other buyers and their agents to surpass. Or...it can scare them away. Of coures, if a new, higher offer comes in, you have to go back to the earlier buyer(s) and offer them the opportunity to go improve their offers.

Or...you can simple tell everyone to take their best shot, review offers with the seller who can select one or make counter offer(s). 

Jun 03, 2018 09:34 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I go forth with whatever I'm directed to do by the homeowner....

Jun 03, 2018 07:53 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It depends and only with the permission of the seller.

Jun 03, 2018 05:35 AM
Rainmaker
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Kathleen Daniels nailed this one!

Jun 03, 2018 05:15 AM
Rainmaker
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

It is my preference that the industry adopt true transparency in real estate transactions. That means ALL offers can be observed, confirmed to be seen by the seller, and dispatched according to the preference of the seller.

This process should NOT be left to the understanding of the agents involved.

I expect an 'open ledger' system in forthcoming.

Jun 03, 2018 04:46 AM
Rainmaker
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Jerry Thomas-Construction Loans
Cranbrook Loans - Farmington Hills, MI
Construction Loans in MI, OH, VA, GA and FL.

I do or don't at the direction of my client.

Jun 03, 2018 03:06 AM
Rainmaker
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Ricardo Mello
Manhattan Miami Real Estate - Manhattan, NY
Manhattan & Miami Real Estate Agent

 I agree with Carol Williams!

Jun 03, 2018 02:29 AM
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Karen Funk it depends on the agreement with the seller.

Jun 02, 2018 08:18 PM
Rainmaker
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Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

Tell them to write their best.

Jun 08, 2018 01:27 PM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

When there are multiple offers, we must be fair to all agents.  If the Sellers give permission, I do share.

Jun 06, 2018 11:13 AM
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

I will share the amount of other offers with permission from the sellers - in writing! Getting the price and terms for my client is most important.

Jun 04, 2018 12:35 PM
Rainmaker
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Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Absolutely not without the sellers' approval. This has never happened, as sellers do not want to 'shoot themselves in the leg' in case the primary and best offer fails.

Jun 04, 2018 08:08 AM
Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

I would share the existence but not specific details.

Jun 04, 2018 05:29 AM
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

not my call.  I only tell anyone what my sellers have said it's okay to tell.

Jun 03, 2018 09:18 PM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

no

Jun 03, 2018 05:15 AM