We know who's the fiduciary duty is to, but should we have a moral obligation?

Once a while you strike multiple offers on your listings. Yes, even in this so-called depressing real estate market. You will jump in joy especially when you could have back up contracts lined up for your short sale offer.

As most sellers are confused as to who the sales contract binds which 2 parties together, some agents could sometimes get confused as to whom the principals (and clients) are to the transaction.

Assuming that you clearly understand that your fiduciary duties are to your Seller clients on your short sales, if you were in MULTIPLE OFFER SITUATIONS, do you have a moral obligation to share with the Bank that you have a "better" offer that would net them a better financial impact on the short sale?

I know what my answer is but what is your opinion on this subject matter?

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Contact:

Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com

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We know who's the fiduciary duty is to, but should we have a moral obligation?