Robert A.Wilson, Auctioneer Frederick Maryland was the listing agent for a property I was looking to buy.
The property was over priced so we negotiated a reasonable price with the owner Wilson delay sending us the contract to sign then said a better offer had come in on the property. This was most likely a friend or family member since the property set on the market for 9 months with no active.
while possibly not illegal this kind of conduct is like (insider trading) for real estate agents.Its a way for him to pay off one of his buddies with cheap property and he got double commission
Review about: Real Estate Transaction.