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I put an offer an a house higher than current listing. Can agent advertise house higher than offer?

The house was orig $155k, then dropped to $129k when I put an offer of $134. It was accepted and sent to bank (short sale). The listing agent is posting original flyer with $155k prive with heading of $139k price on Craig's List in my area.  Is this okay? Probably not illegal or unethical, but wanted to confirm. Thanks!
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June 26 2012 - Portland
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Answers (7)

The agent should only advertise whatever price the seller has agreed to (and that price can change). It is the agent's responsibility to make sure that price changes across the board on all his or her's advertising.
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August 14 2012

Have you asked them about it? They may just be using the old flyer and doing it mistakenly? If its not a mistake then yes that is wrong, sounds like bait and switch.

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June 27 2012
No, it's not okay. It's confusing, misleading and dumb. Unkess the agent made a mistake, I guess. Someone should notify the agent and clear it up.
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June 27 2012
 Sounds like you've hit one of many glitches with short sales.  The "sale" to the present owner is really a fiction unless/until the lender agrees.   In this case apparently the lender not only did not agree to accept your offer price but asked the seller to raise the list price. 

You should have your agent (buyer's agent) do a CMA to justify your offer price and ask the listing agent to submit that to the lender.  It might (slim chance) get the bank to agree to your offer price or close.
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June 26 2012
I just had Wells Fargo request that the listing be priced higher than it was when my buyer made their offer.
The listing agent raised it and left it Pending Short Sale status.
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June 26 2012
Sounds like "overly creative" advertising.  Typically, all advertising should be reflective of the agreed upon list price between the owner and listing broker which is what would be entered in to the MLS.  Having multiple prices hanging out really has no benefit.  Good luck with your pruchase.  
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June 26 2012
The list price is considered an 'offer' to sell and not a set price like a carton of milk at the grocery store. It's possible the agent is using outdated marketing materials that reflect past price drops but not the most recent price reduction (which is kinda dumb).
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June 26 2012
 
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