Can a listing agent continue to show shopping center even after it's under contraction here.

In General Area - Asked by yossi a. - Jul 31, 2012
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Answer(s)

orlando p.
Owner/Investor
Palo Alto, CA

yes they can just can't accept no offers.

Aug 1, 2012
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Chris S.
Broker/Agent
Coeur D'alene, ID

Agreed.
It can still be shown and backoffers can be accepted.

Aug 1, 2012
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Joshua P.
La Vergne, TN

They can show the property; but any offer has to be accepted contingent on the first contract not executing, as a seller cannot legally sell the same piece of land twice.
An Agent can do this very simply with what is usually a standard addendum to an acceptance contract.

Aug 2, 2012
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Chris R.
Broker/Agent
Denton, TX

Generally - the property can still be shown to prospective interested buyers. It should be with the knowledge and approval of the seller. It should be with the disclosure that the property IS under contract and perhaps some explanation of the dates and process - ie: inspection period, estimated closing date, etc. Then - an offer can be accepted as a back up offer. Lots of things happen on the way to the date of closing so there is nothing wrong with back ups. In some rare cases - there may be a stipulation in the sales contract where the property is to be taken off the market and not shown further.

Aug 2, 2012
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Lisa R.
Broker/Agent
Mooresville, NC

This is completely up to owner of property, I would say yes, this way, possibly get a back up offer in case the first offer falls through, but be up front from beginning and let all parties involved know, there is an accepted offer and any other offers that come in, will be reviewed and one selected as back up. There are sellers that do not want the property shown after an accepted contract has been executed and that is their right, just not recommended

Oct 1, 2012
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Chris S.
Broker/Agent
Coeur D'alene, ID

Of course, but disclosure is essential.

Oct 9, 2012
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