Not everywhere but we are seeing multiple offers more often, certain areas and price ranges. I am going to offer up a couple of suggestions on how to handle them to avoid some of the problems we are seeing.
Once you know there could be or will be a multiple offer situation you need to set a firm time when all agents have an opportunity to submit best and final offers for review. This time frame needs to be fair to the seller and the buyer agents and must be adhered to. After your sellers selects the offer that is best for them to work with you need to let the other agents know they are out right away, there is no further opportunity for them to change the offer because they lost. You and your sellers can still negotiate with the winning offer if it is not exactly what they are looking for, closing date inspections...
As the listing agent if one of the offers is yours or one of the offers is from another agent in the office I strongly recommend you have the offers reviewed by a manager as well as the sellers before selecting the winning contract.
The main reason for following these simple guidelines is the buyers and the buyers agents can become very upset if they are on the losing end. Being able to tell everyone that they had an equal opportunity to win but their offer was not the best is what is fair and all we can do.
Enjoy the coffee,