Real Estate Agent Lowers Price
REM # A612
By Ilyce R. Glink
Summary: The writer's real estate agent lowered the asking price without permission. Ilyce suggests the owner immediately contact the managing broker who runs the office in which your agent works.
Q: Our real estate agent lowered the price of our home twice without our written permission. Is this legal?
A: No. You should immediately have a conversation with the managing broker who runs the office in which your agent works.
While the agent may be right that your home is overpriced, you, the seller, have the right to price your home too high, too low, or just at the market. Nothing you've signed should have given the agent the power to price your home for you.
NOTE: This column is distributed by Real Estate Matters Syndicate, PO Box 366, Glencoe, Illinois, 60022. This column may not be resold, reprinted, resyndicated or redistributed without written permission from the publisher.
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