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Home > Law > Are Estate Agents permitted to divulge the value of offers received on a property?

Are Estate Agents permitted to divulge the value of offers received on a property?

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billscouser | 17:56 Wed 21st Jul 2010 | Law
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If an offer below the full asking price has been received on a property is it usual for an estate agent to tell others what the value of that offer is?
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Avatar Image 237SJ
When I`ve been buying somewhere and an offer has been made, the estate agent has said they can`t tell me what the offer is. They might hint though and get around it that way.
17:59 Wed 21st Jul 2010
Avatar Image bushbaby_de
I think the only exception is repossession properties, as they are obliged to get the best offer, so they usually put an ad in the paper with the value of the offer and give 7 days for anyone to beat it
21:48 Sat 24th Jul 2010
Avatar Image alexanderd
its called gazzumping
21:50 Sat 24th Jul 2010

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