scene from the wizard of ozMr. Innocent First Time Home Buyer called me (we'll call him IB) and asked to see one of my listings.  When I asked IB if he was currently working with an agent, he politely said, "Yes, I am.  However, she is currently out of town and cannot show the property to me.  She TOLD ME to call you."

Really?  "IB, are you under a buyer brokerage agreement with this agent?".  IB's response, "Yes, I am".

At this point, I really felt sorry for IB.  He seemed like such a nice guy and he also deserves BETTER.

Buyer's Agents:  by having the listing agent (who represents the SELLER, in case you forgot) show the property to your BUYER (whom YOU represent), you are failing in your fiduciary duty to that buyer!  WHY?  WHY?  WHY would you do this??????

Don't get me wrong now...I represent the seller, remember?  I will be more than happy to show my listing to YOUR buyer.  While I'm chatting him up, I'll find out where he works, what his motivation is for buying, take the time to explain to him why THIS house is the perfect one for him.  And...I will use all this information to negotiate on behalf of my client, the SELLER.

Just to satisfy my curiosity, I asked IB if "his" agent mentioned anything about another agent covering her business while she was on vacation.  He said, "No, she told me just to cal the listing agents if there was anything I wanted to see and she would write the offer when she got back".

I wonder how IB's agent would feel if she were being sued and when her attorney went on vacation, the attorney told her just to call the plaintiff's attorney for help.  Maybe if she continues this type of behavior, she will find out.....

**************************************************************************************

realtor technology spotlight awardTina Merritt and the ALL757 Network can be reached at email:  tina@tinamerritt.com or 757-287-6338.

The ALL757 Network consists of both buyer and listing specialists helping buyers and sellers in Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk, Isle of Wight County, Hampton, Newport News and Poquoson, Virginia.

 

 

delicious icon digg icon facebook icon rss icon twitter icon technorati icon stumble upon icon flickr icon

 

 
Post is included in group: VIRGINIA
Post is included in group: The Lounge at Active Rain
Post is included in group: Selling Soulfully
Post is included in group: Realtors®
Post is included in group: Long & Foster Agent Lounge

5 Comments on Really? You Represent the Buyer? Really? Are You Sure About That? Really?

OCT
01

Sounds rather irresponsible.  Every office has someone that would be willing to show a person around for a few days while someone was away.  It sounds like this agent recommended a recipe for disaster.

2:10pm • #1
1 Featured Post Outside Blog

You know, this would be perfectly fine if the agent called you to ask you would mind showing the property to his or her buyer.  Sometimes we don't like to bother our colleagues for this, but to have a buyer call cold is inexcusable.  I would ask that agent if they are going to give up the part of the commission due you for taking the time to talk to the buyer and answer all the questions.  That would be an agent I would try and avoid at all costs - yes, very unfair to the buyer.

2:22pm • #2
159,598 Points 11 Featured Posts Localism Sponsor Outside Blog

David - you are so right...it's not hard to find an agent who will cover for you and look out for your client's interests.

Jane - actually, it wouldn't be perfectly fine if the agent has a buyer brokerage agreement with the buyer.

 

2:40pm • #3
OCT
07

Great post...I experienced this very thing last week.  A buyer called to see one of our office listings.  I asked if he was working with a buyer agent and he said yes he was but he "didn't want to bother him.  He's really busy with the $8000 tax credit and all."  So they wanted to come take a look at the property to see if it was something they'd be interested in pursuing and THEN they would bring their buyer agent back.  I politely suggested that he speak with his agent and that his agent should accompany him to the showing.  I told him that way his agent could help him do his due dilligence in researching the property.  The buyer said, "oh, that must be some term you all use, I've heard that from my agent before!"

Beth Lucht
7:25am • #4
OCT
13

No wonder consumers are confused about agency, when their own agents don't "get it" either!

9:23am • #5

Leave a response…



(optional)
What does the graphic say?
 
Image13_600_x_600_ Rainmaker_large

Tina Merritt - Virginia Beach Real Estate

Virginia Beach, VA

More about me…

Long and Foster Real Estate

Address: 317 30th Street, Virginia Beach, VA, 23451

Office Phone: (757) 428-4600

Cell Phone: (757) 287-6338

Email Me

Free Real Estate Flyers Syndicated

<!-- Facebook Badge START -->Tina Dodelin Merritt

Create Your Badge<!-- Facebook Badge END -->

Website Magazine

Tina In Virg…, Real Estate Professional in Virginia Beach, VA



Links

Archives

RSS 2.0 Feed for this blog

Find VA real estate agents and Virginia Beach real estate on ActiveRain.