ABSOLUTELY! The listing agents fiduciary is with the sellers - and getting them TOP dollar is important to every seller.

I guess my question is, why WOULDN'T you notify the other agents?

yes, Praful, that's your job.... get that seller the highest price with the best terms for the seller.... the more offers, the greater the chance of getting that....

it's your job to shop the offer and let everyone know you have one.... but you need to discuss what you'll be doing with the seller.... they always want you to get the best for them....

I don't... I get feedback comments, notes, calls all the time that someone is interested and to let them know if I get an offer. When I let them know, I typically get told their clients won't get into a bidding war. My belief is that someone who is truly interested will make an offer not sort of "reserve" a home with some vague expression of interest.

Hell yes you shop the offer if you can. You must. It's your job to get the best possible deal for your client and that means if there are any additional options you explore them.

I would say yes working for your seller but I never do. I feel I have a bird in hand now so go with it.

If someone told me they were interested I will call them back as requested.

This depends on what the seller wants.  Sometimes notifiying other agents can trigger another offer at a higher price - which is ultimately our goal when we represent sellers.  The best offer for our client.

I would send out a notice with no details other than an offer has been submitted Praful Thakkar  HOWEVER if you are in a dual agency situation you need to keep it to yourself or you would be betraying the potential buyer.

Showing interest and actually being interested are two different things. The one that is really interested will write an offer and make a deposit. Sure, if there were a few people on the fence - I'd say let them know an offer has been made.

I would contact any agent who had shown strong interest in the home. Perhaps a sense of loss would stimulate one or more additional offers. Sure, a bird in the hand is worth two in the bush but if you flush out more birds you are should get better results.

I do.  It lets me know exactly what the playing field is.  If those others are interested, it motivates them and I get more offers for my client.  Better for them and makes me look even better too!  If they decided to go for another house, I know that too so when the seller says "well what about Jim Bob?  His clients seemed interested." you can authoritatively say they chose another house and we should focus on this offer because another isn't likely to be coming in.

I email all that showed: offers are coming in, will you be sending one? type emails...yes, yes! Your there to MAXIMIZE the potential for the house...( humor intended)  get to work!

Absolutely.

Yes!  It can result in the Highest and Best offer for the seller.

Yes, I always reach out once an offer has been received and let the agents know that an offer has been received and if their buyer has expressed any interest in writing an offer, to bring their best offer forth by 'X date/time'...

I communicate with all as a courtesy and respect...priorities come first

The one in the hand should be presented on its own merits!

That's a pretty common practice in our market. We call it "shopping the deal." The goal of course is to get a better offer, get contingencies deleted or to encourage the buyer to make the best deal possible. Sometimes it works, and sometimes it does not. I rarely if ever do it.

I always do.

if someone said that they are sending an offer in, i'd follow up. But of course, often it is just word. Or have a clear direction: submit offer by #specific time. 

We always communicated it upon receipt, unless we had different instructions. A

If the offer is perfect and no one else has brought me an offer I would move foreward.  However, if the offer had anything in it that was not 100% what my Seller wanted to deal with I would contact the other agents to advise we have an offer and let them know the deadline for presentation.  As the Listing Agent I am working in The BEST Iinterests of my SELLER right?

Why not?

We do not. If there was any interest, that agent should not have been asleep at the wheel

Nope.

Yes, absolutely.  One of those "others" may come running with a higher and better offer.

One of the first things I learned in real estate school is time is of the essence. If the offer is workable then don't wait.

I do

Praful Thakkar I will continue check with others shown interest until seller except an offer.

Yes I would

Gone are the days when listing offices had bulletin boards declaring "Beat This Offer" however the principle remains although much more discreetly. You need only consider who your boss is to understand the why.

Good question, have to see what others would do.

You have many great answers here Praful.

I go over this with my seller when listing and before offers come in. There is a box to check if the seller will even allow me to disclose other offers. As a listing agent I will first review the offer. If not 100% clean and what the seller wants, i will contact those who have seen it and say there is an offer in if they would like to submit theirs promptly.  The seller always has final choose to solicit more offers, accept the one in hand or counter it

As per the COE , the Listing Agent has No obligation to do so .

Present the offer you have, give the client your opinion, and then do what they decide.

Depends, If it's a hot listing and there was contact from other potential buyer's agents, what's the harm?  If another offer appears the seller has a choice. if not, you can proceed with the one in hand knowing your status. 

Always a situation to weigh, may get a better offer once if it becomes a multiple offer situation, yet it may turn off the buyer who is already there.

Closed on one this last week where I went back to a prev offer that I had turned down when a new one came in, knowing the others were writing an offer prompted them to get serious.

I feel listing agents should be reaching out on all showings.

Listing agent's duty and job are to do the best they can for their clients so if other deals are there pursue them. Praful Thakkar 

It is the listing agent's job to garner as many offers as possible.

I do not - bidding wars seldom occur here

Ha! I am surprised at all the LA's that want to call everyone that showed the house.

I would think if other buyers were interested, they would have already put in an offer...besides how long will you wait?

Many of my clients would PULL THE OFFER if they thought that the LA was trying to drum up competition for them.

Eve

That's not been an issue in my market.  Multiples are the name of the game here and have been for some time now. 

Praful ~  I have to disagree... the listing agent represents the seller's best interest and not necessarily an easy win for the buyers agent.  I want at least two offers if possible so that I can leverage one against the other.

Of course.

No - why would you?

Depends on the offer.

I do.