Realtor Advocates becoming a disturbing trend. Legal opinions aren`t for you to decide!

I guess it had to come to this! Realtors who are involved with Short Sales,Foreclosures and REO`s are convinced they should be able to render legal opinion quoting make believe law.

Recently, I`ve seen Realtors place insane prices on homes justifying what they`re doing by saying they can convince the lenders to agree to a sales price, assist in negotiating the sale,and advise their clients to offer commissions that the lenders would never agree to!

When offers are sent to some Realtors they seem to decide for themselves which offer is worthy for the seller, not quite understanding "Present all offers"..

We sent in a cash offer on a condo located in Sunrise,Florida the other day. The offer was $10K below the asking price. The agent called us telling us the offer won`t fly for the lender, why? Because the Realtor not the lender said so!

Upon further questioning I realized this Realtor was way over their head in rendering any opinion.

The Conversation is as Follows:

Realtor Advocate: The offer you sent us isn`t going to fly!?!

Me: Really, why is that? The property has been listed for a year.

Realtor Advocate: I`m assuming the bank will reject this offer, so why waste time?

Me: Waste time? Weren`t you ever told to "Present all offers"?

Realtor Advocate: That doesn`t matter anymore.Either increase your offer or i will not send it!

Me: It`s an all cash offer. If you don`t send this in the next 20 minutes I will lodge a complaint to your board.

Realtor Advocate: I`m doing nothing wrong. I`m protecting my client from losing more money!

Me: You and your client haven`t a clue. What`s your Brokers name?

With that I immediately notified the agents Broker informing them of the misdeeds of this insane Agent`s rendering legal opinion.

All rules an regulations were not adhered too, nor did this Realtor seem to grasp what they were doing.

The offer was sent to the lender. We`ll see what happens now!

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