Home buyers fall victim to listing agent’s dirty trick

But marketing tactic is perfectly legal

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

DEAR BOB: I have been reading your column for years and really appreciate your great advice. But last weekend, with the help of my buyer's agent, I made a full-price purchase offer with no contingencies on a home listed for sale with another agent. One day later, the listing agent informed my buyer's agent the sellers want to wait 10 days to see other offers. There was nothing in the multiple listing service (MLS) about this. What is going on? I am very upset. If the seller wants an above-asking price, why not just list the home at a higher price? Is this practice legal? Is it ethical? Mine was the only offer at the time – Deborah C. DEAR DEBORAH: You were a victim of "offer shopping." It was unethical of the listing agent not to specify the 10-day bid opening date on the MLS listing your buyer's agent relied upon. Purchase Bob Bruss reports online. If your purchase offer had a customary 24-hour expiration, unless the seller accepted your offer within your deadline, your offer...