Can an Agent/Broker Bid Higher than Best and Final Bid?

[Llewelyn A.]

I'm an Investor in Brooklyn, NY.

I'm thinking that I would like to work as a Sales Agent towards a Broker's License eventually.

After thinking about it, there might be some issues in regards to personally buying a property.

Let's take a particular scenario.

I am the Agent for a Broker that represents a Seller.

There are multiple Bids.

I fully believe the property can be more valuable than the Highest Bid.

Because I have access to those Bids, when a call for Best and Final comes, and I see those bids, is this problematic or at worst, illegal?

Would the Seller care since I am going to buy higher than the highest bid?

Has anyone ever done it this way before? Just curious.

Another potential scenario, what happens with the same situation, except I am in a dual agency with a Buyer as a client?

Do I need to tell the Buyer before hand what my plans are? Then why would the buyer want to work with me?

I guess in this case, I would have to make sure I'm only representing the Seller and not be a buyer Agent?

Thanks!

[Russell Brazil]

@Llewelyn A. So you are saying if you were the listing agent of the property?  If you were, and you wanted to bid on the property, your broker is supposed have you relinquish the listing to another agent and then you can bid blindly like everyone else.