This is a mess of a story and hard to relay. In short, saw a house on a Friday and made an offer Saturday morning. Offers were due Saturday night. Later in the morning found out we knew two others who also made an offer on the house. In the afternoon, we began receiving calls from our respective Buyer's brokers pushing us to increase our offers. The Seller's agent was sharing other offer details and then falsifying other offers to get everyone to increase their respective offers. We all spoke in the afternoon and agreed to disclose each other's offers to each other but also agreed we weren't going to undercut each other. Found out we were second, but were not too far off. So all three declined to play the game and we just sat at our offers. Pissed the Seller's agent off and they voiced significant displeasure. Somehow even though we were the highest bids, another offer won. Buyers' agents could not explain what happened. Pretty sure Seller's agent had grown accustomed to squeezing out Buyers and was upset it didn't occur, so miss represented offers. It is all sort of a mess and Seller's agent already has a local reputation for doing similar things, so while I was frustrated and disappointed, am not surprised. Pretty sure there's some code of ethics violations on all fronts, but good luck trying to prove it or bother wasting your time on this. You just move on.