seems great to me. probably doing people a service if he is listing quality properties

I'm not sure I would call forcing a homeowner to pay you back good faith money after he fails to secure a buyer is doing them a favor.

I think he should have to disclose to each home owner he makes an offer to how many houses he bailed on for the last 5 years so they can see he is doing this in bad faith. Most home owners would likely adjust the contract and say that the money would not be returned under any condition and it will be 5% of the property value.

I think you are underestimating how much it hurts a homes value for being on the market an extra few weeks and the fact that now potential home buyers know there is at least one potential home owner that walked away from the house because of a bad inspection.

It does mess with homeowners I agree. I assumed he wasn’t selling houses but land and stuff

No - most of these homes are sitting on the market for months overpriced. It actually looks good if the deal falls apart and they come back on market, as someone was actually interested in it rather than gaining market time. Most of these homes are estate sales, distressed, etc.

So a house sitting on the market for 6 months looks worse than a house sitting on the market 6 months AND just had a potential buyer walk away after the inspection? If that was the case wouldn't every realtor in the country ask their buddy who is also a realtor to make an offer on their house and bail come inspection time?

Also, if what you claim here is true wouldn't all realtors seek out people like you to constantly buy and bail?

im not saying saying its exactly the same or what he does is illegal but yes stuff like this exist in other markets .

"What Is Spoofing?

Spoofing is when traders place market orders — either buying or selling securities — and then cancel them before the order is ever fulfilled. In a sense, it’s the practice of initiating fake orders, with no intention of ever seeing them executed.

Spoofing means that someone or something is effectively spamming the markets with orders, in an attempt to move security prices.

https://www.sofi.com/learn/content/w...ofing-trading/