Quote:
Originally Posted by Forever Young
No it does not.. Especially when a consigner is involved that can change their mind at a drop of a hat. We are not talking about buying real estate here.
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When a consignor changes their price, the auction house should have told them that they will change it ASAP but there is an offer outstanding that they need to rescing first. No different than if someone hit the buy-it-now button. And the same offer/acceptance rules apply to real estate, it's not different. Both examples have offers go through an "agent"