&gt; <i>After that the seller&#x27;s agent is pretty much in the dark for the rest of the process, the way I understand it.</i><p>It is possible that a seller&#x27;s agent could fail to recognize a huge mispricing of the accepted offer, and if that is the case you are absolutely right.<p>However:  The seller&#x27;s agent failed to recognize a huge mispricing?!  And lost all of those commission dollars (3-6% depending)?  Totally suspicious.  At best the broker is incompetent, at worst, corrupt.<p>BTW: During the previous housing bubble, several folks worried about &quot;pocket listing&#x27;, which could be a technique for pulling this off:  <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Pocket_listing" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Pocket_listing</a>