Q: We put an offer on a home and heard back that they had accepted another offer. Our realtor could not get many details
and the sellers realtor would not respond nor give us a chance to counter offer. This was after the houses listing price was dropped by $25,000. We came to find out that the realtor bought the house for $2,000 more than our offer. Is this legal?
A:
If it was your realtor who bought the house that would be a violation of their agency duty to you.
If it was the listing agent who bought the property, then that agent may have violated their duty to the seller by not exploring whether you would have been willing to pay more for the property.
Thomas B. Burton agrees with this answer
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