It is my belief this type of behavior is artificially driving the prices down because the Realtor has forgotten his fiduciary responsibility to his client and in return is looking out for good old number one.
Any fool can give a diamond away,but a jeweler Will get what it's worth.
2b, I take my duty to my sellers quite seriously, thank you. Lately, I've spent a good deal of my time first trying to get owners not to list property, given that we have so much inventory and so many "bottom-fishing" buyers out there.
But if they want, or need, to sell .... well, then a property's worth what someone will pay. This old adage really is true, for most of the universe -- but apparently not for you, since no one in this thread has gotten you to come off your feeling that we Realtors are artificially driving prices down, so that we can simply line our own pockets.
As BobbyJ used to say here, before he got fed up, if someone HAS to sell in the near term -- and some people do, like it or not -- then even the most skilled "jeweler" is going to have a hard time getting more that the thing is actually worth.
Why do you take such rabid exception to this?