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Is a sales broker allowed to continue with viewings if a bid is already being negotiated?
14 January 2019Yes, that is allowed. A negotiation does not have to lead to a sale. Moreover, the seller will probably want to know if there is more interest. It is also possible to negotiate with several interested buyers at the same time. An NVM broker must clearly report this to all parties.
Often the selling NVM broker will inform interested parties that there is already a bid or that negotiations are under way. The NVM broker does not make announcements about the amount of the bids. This could provoke overbidding.