This is so inherently unethical I can not believe I am actually writing a blog about this, but a buyer asked me this question today and apparently it is happening.
I have a short sale listing in Menlo Park and offers are due by the end of the day on Tues. At thus point I have 2. It is in Belle Haven, a popular area for investors and is close to the the new Facebook Headquarters so the appreciation prospects are good.
Today I got a call from an investor who asked if I would represent him. I told him I do not double end deals as a general rule, and never do it in a multiple offer situation. I gave him the name of an associate who could help him. He then asked if this person would be representing multiple buyers. I was shocked. If being a dual agent does not seem right to me, representing multiple buyers is beyond all sense of ethical behavior. The investor told me he has bought and sold many homes and this practice has been coming up recently.
All I can say is not on one of my listings, no way, no how.
If you have any questions about buying or selling short sales in San Mateo or Santa Clara Counties please feel free to contact me.