Source: Creators Syndicate —
Dear Monty: Can a real estate agent from the brokerage agency of the seller outbid your offer without it being considered a conflict of interest in New Jersey?
Monty’s Answer: There is limited information in your question, so it is impossible to advise you on your situation. There must be a lot more known about the circumstances. The information you need to know may be difficult for you to gather. You have data in your possession, such as a purchase offer, emails, possibly texts and notes you scribed. You likely don’t have the documents from the agent you state that outbid you. The broker is responsible for the acts of their agents. Have you contacted the agent’s broker?
Here is some language from the New Jersey administrative code.
Section 11:5-6.4 OBLIGATIONS OF LICENSEES TO PUBLIC AND TO EACH OTHER
(a) All licensees are subject to and shall strictly comply with the laws of agency and the principles governing fiduciary relationships.
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