Posted by Redline on March 16, 2000 at 23:57:09:
The National Association of REALTORS® Code of Ethics and Standards specifically states that “REALTORS® must submit all offers and counter offers objectively and as quickly as possible”. It doesn’t say anything about in accordince with the offer. If you put in your offer that the agent had to present the offer in a clown suit I dont think they would have to oblige.
I got into a spat with a full time multi-million dollar type realtor over an offer I made on a fixer listing she had and she pointed out that in NJ the listing agent did NOT have to allow the buyer to be present during the offer - and I was pointed to some paperwork that said so BUT I CAN’T REMEMBER WHAT IT WAS! (I will keep looking). The wording of it was vague but apparently it’s being read in this way. When/if I find it I will post it. Believe me, I was just as skeptical as you are but there it was.
The state makes laws involving real estate in NJ but individual MLS’s can also exact their own laws (I suppose as long as they do not supersede the state’s) - and since the Code of Ethics I mentioned above does NOT specifically state that buyers have the right to be present, perhaps maybe just my MLS says otherwise.