Buyers Agent Question

[duncbdunc]

Is it typical for buyers agents to show the same house to multiple clients, and do they have an ethical obligation to disclose when they are writing bids on the same house for two separate clients? I would be particularly interested in a realtors perspective on this. It seems like there would be obvious conflicts.

[NotCranky]

What kind of Buyer broker agreement do you have?There ought ot be a place to write in something to avoid this.

It’s not typical, although it could happen(and perhaps you are invloved with this). As a part time agent, who considers himself more of an advocate than a salesman, it is pretty far outside the realm of possibility for me, but I did read up on it. The best I could come up with is that the buyer does not have legal protection against this unless it is in a written agreement. And most likely, if the topic is addressed in a Buyer’s Broker Agreement it will have stipulations in favor of covering the agents the ability to do it(which you can cross out sign, and put in something else. Try to get your agent to promise not to do this, in writing, if you don’t think they would do what they could to avoid it out of normal consideration.

[NotCranky]

What kind of Buyer broker agreement do you have?There ought ot be a place to write in something to avoid this.

It’s not typical, although it could happen(and perhaps you are invloved with this). As a part time agent, who considers himself more of an advocate than a salesman, it is pretty far outside the realm of possibility for me, but I did read up on it. The best I could come up with is that the buyer does not have legal protection against this unless it is in a written agreement. And most likely, if the topic is addressed in a Buyer’s Broker Agreement it will have stipulations in favor of covering the agents the ability to do it(which you can cross out sign, and put in something else. Try to get your agent to promise not to do this, in writing, if you don’t think they would do what they could to avoid it out of normal consideration.

[NotCranky]

What kind of Buyer broker agreement do you have?There ought ot be a place to write in something to avoid this.

It’s not typical, although it could happen(and perhaps you are invloved with this). As a part time agent, who considers himself more of an advocate than a salesman, it is pretty far outside the realm of possibility for me, but I did read up on it. The best I could come up with is that the buyer does not have legal protection against this unless it is in a written agreement. And most likely, if the topic is addressed in a Buyer’s Broker Agreement it will have stipulations in favor of covering the agents the ability to do it(which you can cross out sign, and put in something else. Try to get your agent to promise not to do this, in writing, if you don’t think they would do what they could to avoid it out of normal consideration.

[NotCranky]

What kind of Buyer broker agreement do you have?There ought ot be a place to write in something to avoid this.

It’s not typical, although it could happen(and perhaps you are invloved with this). As a part time agent, who considers himself more of an advocate than a salesman, it is pretty far outside the realm of possibility for me, but I did read up on it. The best I could come up with is that the buyer does not have legal protection against this unless it is in a written agreement. And most likely, if the topic is addressed in a Buyer’s Broker Agreement it will have stipulations in favor of covering the agents the ability to do it(which you can cross out sign, and put in something else. Try to get your agent to promise not to do this, in writing, if you don’t think they would do what they could to avoid it out of normal consideration.

[NotCranky]

What kind of Buyer broker agreement do you have?There ought ot be a place to write in something to avoid this.

It’s not typical, although it could happen(and perhaps you are invloved with this). As a part time agent, who considers himself more of an advocate than a salesman, it is pretty far outside the realm of possibility for me, but I did read up on it. The best I could come up with is that the buyer does not have legal protection against this unless it is in a written agreement. And most likely, if the topic is addressed in a Buyer’s Broker Agreement it will have stipulations in favor of covering the agents the ability to do it(which you can cross out sign, and put in something else. Try to get your agent to promise not to do this, in writing, if you don’t think they would do what they could to avoid it out of normal consideration.

[SD Realtor]

The CAR form DA (Disclosure and Consent for Representation Of More Then One Buyer or Seller) completely addresses the issue brought up by the poster. You can go ahead and sign a confidentiality agreement with your agent to give yourself additional protection. I have ran into cases where I have showed different parties the same home and even had multiple parties make offers on the same home. In all those cases I told the clients before hand if I had already put in another offer for a different client so if they were uncomfortable they could work with another agent.

[SD Realtor]

The CAR form DA (Disclosure and Consent for Representation Of More Then One Buyer or Seller) completely addresses the issue brought up by the poster. You can go ahead and sign a confidentiality agreement with your agent to give yourself additional protection. I have ran into cases where I have showed different parties the same home and even had multiple parties make offers on the same home. In all those cases I told the clients before hand if I had already put in another offer for a different client so if they were uncomfortable they could work with another agent.

[SD Realtor]

The CAR form DA (Disclosure and Consent for Representation Of More Then One Buyer or Seller) completely addresses the issue brought up by the poster. You can go ahead and sign a confidentiality agreement with your agent to give yourself additional protection. I have ran into cases where I have showed different parties the same home and even had multiple parties make offers on the same home. In all those cases I told the clients before hand if I had already put in another offer for a different client so if they were uncomfortable they could work with another agent.

[SD Realtor]

The CAR form DA (Disclosure and Consent for Representation Of More Then One Buyer or Seller) completely addresses the issue brought up by the poster. You can go ahead and sign a confidentiality agreement with your agent to give yourself additional protection. I have ran into cases where I have showed different parties the same home and even had multiple parties make offers on the same home. In all those cases I told the clients before hand if I had already put in another offer for a different client so if they were uncomfortable they could work with another agent.

[SD Realtor]

The CAR form DA (Disclosure and Consent for Representation Of More Then One Buyer or Seller) completely addresses the issue brought up by the poster. You can go ahead and sign a confidentiality agreement with your agent to give yourself additional protection. I have ran into cases where I have showed different parties the same home and even had multiple parties make offers on the same home. In all those cases I told the clients before hand if I had already put in another offer for a different client so if they were uncomfortable they could work with another agent.

[sdrealtor]

Accurate information SD R and that is a good way to handle it. I currently have a listing that one agent has an offer in on. He has the accepted offer on the short sale and has another buyer in back up witht he same offer. The only negative is that he submitted the same offer for his 2nd buyer and there are better back ups in place so if his 1st walks his second buyer probably wouldnt get it.

[sdrealtor]

Accurate information SD R and that is a good way to handle it. I currently have a listing that one agent has an offer in on. He has the accepted offer on the short sale and has another buyer in back up witht he same offer. The only negative is that he submitted the same offer for his 2nd buyer and there are better back ups in place so if his 1st walks his second buyer probably wouldnt get it.

[sdrealtor]

Accurate information SD R and that is a good way to handle it. I currently have a listing that one agent has an offer in on. He has the accepted offer on the short sale and has another buyer in back up witht he same offer. The only negative is that he submitted the same offer for his 2nd buyer and there are better back ups in place so if his 1st walks his second buyer probably wouldnt get it.

[sdrealtor]

Accurate information SD R and that is a good way to handle it. I currently have a listing that one agent has an offer in on. He has the accepted offer on the short sale and has another buyer in back up witht he same offer. The only negative is that he submitted the same offer for his 2nd buyer and there are better back ups in place so if his 1st walks his second buyer probably wouldnt get it.

[Author]

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