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Buyer Beware: Two Agents - One Buyer

By
Real Estate Broker/Owner with Ann Peterson Realty Services & PLB LENDING LLC, HOMETOWN MORTGAGE SPECIALISTS INC. NMLS#1170468

Hello Future Homebuyers,

As Realtors, we have several responsibilities and a Code of Ethics we must uphold at all times.  Our first priority is educating potential homebuyers and homesellers in the sale/purchase of real estate.   

A fellow Realtor encountered this today and I feel compelled to share the story in hopes to help future home buyers from doing this.  

The Realtor receives a call from a homebuyer they exchange information and proceed to plan to see homes.  The Realtor emails them information, calls and speaks with them about their options, etc.  The Realtor schedules some showings on the homes the Buyer asked to see.  They plan to meet tonight at 5:00 p.m.  The Realtor confirms the appointment with all parties on Monday.  The Realtor proceeds with driving to the appointment (approximately 1 hour drive time).  

Upon arriving the Realtor sees which appears to be another Realtor with this couple.   As he approaches the couple, the Realtor learns that the other Realtor is actually there to show the couple this home too!!!  Needless to say this was VERY AWKWARD and UNPLEASANT for my fellow Realtor today and as he voiced his thoughts on this situation to the buyer, the buyers could only hang their head in shame for not being courteous enough to inform the Realtor of their intentions and at least apologize for wasting his time since they obviously were working with another Realtor.

Realtors are a wonderful, knowledgeable and hard working group of Professionals who take pride in their profession.  They do not get paid for driving to show a home.  They only get paid if an offer is negotiated and closed on.  Please be honest and let us know you are working with someone else.  Do the right thing. 

I know many people do not understand the business of Real Estate.  As years have passed so has the way of doing business in Real Estate.  Today, we have Sellers Agents, Buyers Agents, Dual Agents and Transaction Coordinators, etc. no matter how you slice it we are here to do one thing sell homes and help educate the public at the same time.   Please take the time and appreciate our profession.

Sincerely,

Professional Realtors

 

 

Comments(7)

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Matt Grohe
RE/MAX Concepts - Des Moines, IA
Serving the metro since 2003

Ann: I learned the hard way to ask everytime if a prospect is working with another agent. It works most of the time.

May 05, 2010 05:52 PM
Sara Woolford & Steve Golson, ALHS
iTexas Realty Co. - San Antonio, TX

Hi Ann-

I wish that our national association could would do more to educate the population on this.

Sara in San Antonio

May 05, 2010 05:52 PM
Robin Dampier REALTOR®
Coldwell Banker King - Hendersonville, NC
Hendersonville & Western NC Real Estate Source

It is sooooo important to always ask that question:  have you been working with another agent?  And I explain why I ask and the importance of it.

I agree that many clients/customers do not understand how the system works and I feel it's our responsibility to explain it to them for everybodys benefit.

Sue of Robin and Sue

May 05, 2010 06:16 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Ann,

People know right and wrong.  They know they are being unethical.  Don't let them off that easy.

May 05, 2010 06:24 PM
Don Spera
CR Property Group, LLC - East York, PA
Serving York and Adams County, PA

Where did common sense come into play?  How do they think we get paid?  Are they really that naive?  I give a big DUH! on that one.

May 05, 2010 07:21 PM
ANN PETERSON BROKER/OWNER & MORTGAGE LOAN OFFICER
Ann Peterson Realty Services & PLB LENDING LLC, HOMETOWN MORTGAGE SPECIALISTS INC. - Rochester, MI
ABR/E-PRO/SRES-248-495-8877 CALL NOW

Thank you for all your comments.  The Buyers were asked the common sense question are you working with another Realtor.  Interesting comment from Don, "How do they think we get paid?"  I will tell you I have countless times have Buyers ask me, "Who pays you?'  I think we take for granted that the general population truly knows what the Buying and Selling of Real Estate is all about and as most are afraid.    Thank you

May 06, 2010 07:10 AM
Donald Horne
Lapeer, MI
Team Success Listing LLC

Ann,

Thanks for bring this up. I had a very similar experience, no phone call, no apology, no nothing. The buyers and other agent acted like "oh well", who cares. I learned the hard way, won't happen again.

May 06, 2010 08:31 AM