Benjamin Moore dealer here - it’s all at the discretion of the retailer. The only item that truly has what they call MSP pricing (a set price you cannot sell below) is Aura. And if you thought they were expensive now, wait until the price increase hits in August. People complain about Festool’s annual price increase, but this is Benjamin Moore’s second since February. About 8% across the board. Plus in the Northeast (I’m in NY) we now have to charge our customers a paint disposal fee on every quart and gallon we sell.
Oh, and while I don’t stock Ultra Spec exterior (I do stock the interior), that price sounds crazy to me. I’m pretty sure I sell Regal Select for that price or less.
Next time I would ask your dealer for pricing on ultra spec vs regal select. Most dealers (here in NY anyway) know that regal select is the most popular and widely shopped line Benjamin Moore offers, so they’ll lower their margins to be more competitive and earn more business. Of course, this comes at a cost - other less shopped lines of paint have higher margins.
I hope this helps.