Real estate agents must present every offer in writing or risk being reclassified as fiduciary agents and facing liability. When renegotiating, re-run the financial analysis and get justification before lowering an offer, like dropping it from 2.9 million to 2.1 million.
All offers must be presented in writing to a seller. And if they do not do it because they're deal blocking, then they are what's called a fiduciary agent, or basically they're no longer a transaction broker. So that's what I—
so would I re-edit the LOI to a different form or what's the best way to go about this?
At that point, I would respond like, let's go ahead and run the numbers again. Get it to say why to get deal hunter to justify the 2.1.
So drop it down because we originally— that message that we sent was 2.9. Now we're going to even drop it even lower to 2.1.
