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Reply to "Escalation Clauses- Bidding wars"
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[quote=Anonymous]Not an agent but have used escalation clauses as a buyer and seen them as a seller. The triggering contract always has to be shown. It would be dumb to try to fake that bc they’d lose their license. It’s also pretty easy to check bc you see the escalator and can then see what the property closed for, particularly if you’re not the winner. I’ve also never seen a case where an escalation clause didn’t automatically get both managing brokers involved. [/quote]
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