Updated almost 4 years ago on . Most recent reply
Agent Intentionally Mismeasures.
I've noticed a trend whereby the owner's licensed agent intentionally measures on the downside to I believe, increase the seller pool and quicken the sale. In the cases I've identified, all of this agent's listings are over $1M.
In one case, this agent was 350 sq. feet short which, based upon the sale price, represented a $100,000 gift to a buyer.
In another sale, this agent was 700 sq. feet short which represented a $210,000 gift to a buyer.
Has anyone heard of this practice? If so, is it illegal?
Most Popular Reply
Real estate agents dont measure properties.
Further, there is no standard way to measure square feet. Have 10 people measure a property, youll get 10 different square footages.
- Russell Brazil
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