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Because day 1 can be when first listed or first advertised, it is your assumption on my knowledge. I never once said day 1 advertised The 50k comment was pulling a figure from you can guess where because your making a generalized statement about REAs The agent works for themselves and...

They are still the one making the decision. REA is only an influencer and not the decision maker. I'll let you in on a secret influencers can impact the final decision but do not make the final decision. I have seen a property been on a the market for over 12 months and got two offers...

Well aware of properties selling before advertising through mediums. Also I have seen properties sell for less than another offer that was submitted, not always the price :)

Who signs the COS next to vendor? Vendor or REA (excluding others). Typically REA doesn't actually sign anything on the COS.

The REA isn't the person calling the shorts they can only maybe influence it. What if the vendors want 600k and the agent knows 520k is a great price for the property. The agent gets an offer of 550k which is an amazing result but it isn't sold as the person who makes the final decision...

Then why don't properties sell after 1 day? I am sure I can email 50 agents right now and offer them 50k for each property and they would tell me no. Vendors of today are vendors of the future, same with the purchasers of today will be vendors of tomorrow. You burn a lot of people and it...

How is it poor taste? the REA is working for the vendor to maximize the price and has explained the process. Even if it is a good offer lets pretend 550k and they accept it how pissed would you be if a buyer knocked on the door and said I was going to bid 600k at auction but wasn't told...

To sell the property before auction when it is 2 weeks from auction would need to be good. Maybe the owners would like 480k but there is a lot of interest and the vendors might want to run it to auction but if you pay 510k they will sell it as it is a great offer. Remember we don't know...