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In my last real estate deal where I was the buyer, I had to explain to the agent what it mean to NEGOTIATE. I wanted to put 20% down but she told me to lie on my offer and say that I only wanted to put 5% down so that the seller would think that I was too poor and not be so hard on the selling price. She said that we would change the 5% to a 20% right before escrow closed when it was too late for the seller to do anything about it. I told her that I thought it was dishonest and was not comfortable in doing it. She then asked me how I expected her to get a decent price on the property if she didn't do this. I told her that I expected her to use HER NEGOTIATION SKILLS since that was why I hired her. She responded that this was her method of negotiation. WTF ????
This agent has 10 years of experience and works for a nationally known real estate agency in Portland.
I guess what she was saying is that it is standard practice for real estate agents to lie.
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