PRO-TIP for Multiple Offers

If you are a buyer and you are in a multiple offer situation, ask your agent to ask the listing agent if any of the multiple offers are the listing agents. If the answer is yes, you will also want to know if the listing agent and the seller have possibly agreed to a “Variable Rate" commission, that should be disclosed in the RMLS.

A variable rate commission arrangement between the listing agent and the seller can put your offer at a disadvantage because the commission paid to the listing agent may be less than paid to a selling agent therefore even if your offer is for more money, it may not be enough to offset the difference in commission paid to the listing agent.

Learn more at Section 6.2 of this link - https://static1.squarespace.com/static/56c4eea9d51cd483819dae7b/t/56cbe5c4d51cd4c47520bade/1456203204779/Rules-and-Regs-10-15.pdf