Real Estate Agent Lowers Price

Added September 10, 2004 by Ilyce R. Glink

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Summary: A real estate agent may not lower the listing price of your home without your permission. While the agent may think your home is overpriced, the seller has the right to price the home as they please. Nothing should have given the agent the power to price the home without the seller's consent.

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.

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