Spring and summer in Wyoming often bring hot listings—and with them, the complexity of multiple offers. As competition rises, it’s critical to ensure you’re not just negotiating well, but complying with legal and ethical duties that protect both your clients and your license.
Here’s what you need to know about multiple offers:
1. You Have a Legal Duty to Treat All Parties Honestly
Even in a competitive market, all offers must be presented fairly and promptly. Selectively withholding or delaying offers can open the door to legal claims or professional complaints.
2. Disclosure Is Key
Wyoming law doesn’t require you to disclose that there are multiple offers—but if you do, you must be truthful. Misleading buyers or suggesting they are in a bidding war when they’re not could lead to accusations of misrepresentation.
3. Escalation Clauses & Counteroffers Need Care
These can be effective tools, but they also create potential conflicts if not handled properly. Be cautious with vague language or unclear terms—it’s best to involve legal review when the stakes are high.
4. Watch for Red Flags
- Is one offer being favored unfairly due to an intermediary agency?
- Has the seller given clear, written instructions on how offers should be handled?
- Are you documenting all communication in case of a future dispute?
At Sagebrush Law Firm, we support real estate professionals with contract review, disclosure guidance, and legal best practices—before small issues become big problems.
Have questions about a complex deal? We’re just a call or email away.This is not legal advice, instead this information is provided for educational purposes. If you have questions concerning legal matters, whether general or specific to an issue, seek legal advice from a licensed real estate attorney.