Although it mainly focuses on brokers, we should not forget that other players in the real estate market also use unethical practices. Here are some of them you should keep in mind:
1. Some buyers return after viewing properties and try to find the owner's contacts through neighbours, bypassing the estate agent.
2. Inactive Buyers.
3. Sellers with Multiple Contracts: some sellers sign exclusive contracts with certain agencies but do not terminate existing contracts or arrangements.
4. Changing the Deal Terms.
5. Sellers Who Keep Advertising.
6. Lawyers As Brokers.
Also, remember that unethical practices among real estate sellers can also occur. It is important to be careful and consult professionals who adhere to ethical standards.
