Can a Realtor report the 'Sold For' price to be higher than the actual?
Report to who ? The title company records the sale with the county. I suspose Realtor could put a higher sold price in the MLS but i jave never heard of it happening.
Each state has different laws regarding disclosing sales prices. I work in Idaho and we are a "non-disclosure" state, which means none of the parties in a transaction are required to disclose the sales price or terms for a sale.
You should be able to find out if your state is a disclosure state or not- generally red states are non disclosure and blue states are disclosure states.
As for whether or not a realtor can lie about the sales price- I suppose if it's verbal, they can say whatever they want and consider it a negotiation tactic- it's unethical, but they could. As for reporting the wrong price to your MLS- that would be a violation and they could be fined or lose their license.
All of that said, if you have a decent realtor, they should be able to get you that information regardless of the law in your state.
I was asking about reporting to the MLS.
I dont know for sure but i would think its againts MLS rules.
@Jack Deer - A lie would be against the realtor code of ethics.