In assisting sellers of real estate anagent will be called upon by the client todetermine the Market Value of property and the asking price for a property to be placed on the market and listed at on the MLS If a property is listed too high there may be issues and problems that arise as a result And if a property is listed too low there are other issues and problems that may occur Consider the following scenarios You as the agent listproperty at the high end of a property value range $550 600 k value and you list it for saleat $675,000 (what might be the outcome from this) Could the agent have any possiblelegal liability as a result You as the agent listproperty lower than market value to create a quick sale $550 600k value listed at $475,000 (what might be the outcome from this) Could the agent have any possible legal liability as a result Also comment on another student post What is your opinion on how to arrive at the correct offering price for a property listing Are there ethical issues that would come into play in helping the client decide on an asking price

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Posted on Jul 01, 2024

In assisting sellers of real estate anagent will be called upon by the client todetermine the Market Value of property and the asking price for

In assisting sellers of real estate anagent will be called upon by the client todetermine the "Market Value" of property and the asking price for a property to be placed on the market and listed at on the MLS. If a property is listed too high there may be issues and problems that arise as a result. And if a property is listed too low there are other issues and problems that may occur. Consider the following scenarios:

You as the agent listproperty at the high end of a property value range $550-600 k value and you list it for saleat $675,000 (what might be the outcome from this) Could the agent have any possiblelegal liability as a result?
You as the agent listproperty lower than market value to create a quick sale $550-600k value listed at $475,000 (what might be the outcome from this) Could the agent have any possible legal liability as a result?
Also comment on another student post.

What is your opinion on how to arrive at the correct offering price for a property listing?Are there ethical issues that would come into play in helping the client decide on an asking price?