Ethics in Central Massachusetts Real Estate

By
Real Estate Agent with Prudential Prime Properties 009526424

Recently, I heard about an interesting case involving two real estate agents in Metrowest Massachusetts. " Agent A" was speaking to a buyer prospect over the phone.  After hearing the prospect's requirements, "Agent A" suggested he visit an open house listed by "Agent B".

The buyer prospect liked the home, and decided  to make an offer.  "Agent B" claimed that she had rights to the buy and sell side of the deal since the buyer came to her open house without an agent.  What makes this even more interesting is that "Agent A" and "Agent B" work for the same broker.

There was no buyer's agreement signed between "Agent A" and the buyer.  Therefore, I suppose that "Agent B" may be acting legally, but I personally don't believe it passes the smell test.  

What's that smell?

If I were the listing agent, I would've let "Agent A" represent the buy side.  That would've been the right thing to do in my opinion.

Given "Agent B's" slimy tactics, I'd try to avoid working with "Agent B."  She can't be trusted.  My guess is that other Central Massachusetts real estate agents  probably feel the same way.  Real Estate agents talk, and word gets out.  Certainly "Agent A" will be reluctant to show "Agent B's" listings going forward.

"Agent B" might've gained an extra $5,000 by claiming both sides of this deal, but was it really worth it?

What's your opinion?  Please feel free to comment especially if you disagree with my opinion about this case.  Thanks.

Posted by

John P.Kreiss, Realtor
Prudential Prime Properties
125 Turnpike Rd. #7
Westborough, MA 01581
Direct:  (508) 826-6920
Fax; (508) 630-2333
www.homesincentralmass.com
john@homesincentralmass.com


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Comments (3)

Brian Rayl
Home Value Leads - Highland Park, TX
Active Agent and Co-founder Of Home Value Leads

Agent A may have a good case for "procuring cause" since they were the one that directed them to the property in the first place. The question is did Agent B know this before writing the contract for the client? If Agent B was unaware of Agent A's involvement before writing the contrat, then they have deniability. The next question is did Agent B have the client sign a representation agreement and follow all of the appropriate disclosures regarding agency that is required in Massachusetts. 

The short description of the issue is not really sufficient to answer any questions. It simply creates more of them. 

Feb 28, 2013 11:57 PM
Anonymous
Cranky Consumer

And, in the end, it is Agent A's future clients that get screwed when Agent A decides to eschew perfectly good listings  fitting buyer's needs because Agent A decides to have a silly little food fight with Agent B. Ironic that the the first word of the post's title is Ethics. 

Mar 02, 2013 05:48 AM
#2
John Kreiss,REALTOR®,CBR®,SRES®,e-PRO®
Prudential Prime Properties - Marlborough, MA
Reaching the Lifestyles of Your Dreams

Cranky - Yes.  Small picture thinking for sure.

Brian - B did know of A's relationship with the client, but apparently didn't care.  B did get the paperwork completed, and technically was by the board.  Personally, I think she should've shared the deal anyway.  

Mar 02, 2013 07:14 PM

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