i do not suggest for one minute my plan will bring down prices. it might in fact raise them. it would just bring some transparency to the industry.
but you understand the kind of "blind bidding" that goes on right?
the selling Realtor can not tell the listing Realtor that has submitted an offer what his offer has failed by.
So listing realtor has three offers come in on his $775,000 listing:
$795,000
$812,000
$817,000
he cannot by law tell any of them what the other offers are. and can and often will refuse all three offers, and then ask the bottom two to "raise their bids" but he cannot tell them by how much.
it's very very shady.
Edited by Victoria Watcher, 06 November 2021 - 05:55 AM.