Ron Harmon
๐ Premier Real Estate Broker | 1% Listing Fee | Saving Sellers & Buyers $$ in the Greater Seattle Area ๐ฐ๐ก
Published Sep 3, 2021
Do Real Estate Agents Lie about Other Offers?
In the competitive real estate industry today, itโs common to wonder if real estate agents lie about other offers. It may sometimes feel surreal when you hear โthereโs a lot of interestโ in every house you look at โ so are real estate agents telling the truth or stretching it to interest you?
Why Real Estate Agents Wonโt Lie
Real estate agents have a lot to lose if theyโre caught lying. Here are the most common reasons they wonโt lie
The Moral Code of Real Estate Agents
First, know that real estate agents have an ethical code they should follow. Is it super regulated? Probably not as much as it should be since itโs hard to follow up on every real estate agent in the country.
But, reputable real estate agents wonโt lie. They abide by their required ethical conduct and want whatโs best for their clients.
Real Estate is all about Reputation
If a real estate agent is known as a liar in the industry or even one person calls their bluff, it could ruin their reputation. Real estate agents rely on word-of-mouth. They donโt want people telling others in the area bad things about them.
Lying just to get more offers isnโt an ethical move and anyone whoโs found out doing it will likely ruin their reputation.
How to Spot a Lie
However, there are plenty of agents that will lie, but luckily there are ways to find out.
Final Thoughts
The key to finding out if a real estate agent is lying about other offers is to work with a reputable real estate agent yourself. As the buyer, you need someone on your side that has your back.
Sure there are unscrupulous real estate agents out there that will lie just to get a home sold or to try to increase commissions. Donโt fall for it. Having a reputable agent on your side means you have a professional who can see through the lies.
If youโre ready to buy a home and want a reputable agent with you, contact me today!
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