Buyers should never call the listing agent!

By
Real Estate Agent TX LIC#-0466906

Are you working with a Realtor?  When buyers inquire about a property and hear the listing agent ask  “Are you working with a Realtor?” their hair goes up on the back of their neck.  As they’re thinking what does it matter to you or even what business is it of yours?   Well it does matters.  It matters a lot because the future of my real estate license could be at risk.

Why Agents Ask - The listing agent needs to know if an agency relationship exists.  If a buyer is represented the listing agent has an obligation under the code of ethics to honor the agency agreement. As such the listing agent might invite you to have your agent submit your questions.  

On the other hand - If you’re not represented and it turns out the property you enquired about isn’t the right property for you after all, then as market savvy professionals we want the opportunity to ethically shift into a conversation exploring the possibility of entering a buyer agency representation relationship with you.  

So buyers if you have questions - In the effort of protecting your own best interest - don’t call the listing agent! Call your own agent, because all questions should be communicated strictly through the buyer’s agent and the listing agent. If you dont have an agent get one before you start house hunting.

 


Per the Realtor Association Code of Ethics - REALTORS® shall not engage in any practice or take any action inconsistent with exclusive representation or exclusive brokerage relationship agreements that other REALTORS® have with clients. REALTORS® have an affirmative obligation to make reasonable efforts to determine whether a prospect is subject to a current, valid exclusive agency agreement. Per the Business Dictionary agency is “Fiduciary relationship between two parties in which one (the 'agent') is under the control of (is obligated to) the other (the 'principal').

 

 

 

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The Bold Truth by Charisse - Trust Begins With Honesty....
 

Comments (3)

Charisse Fontaine
Southlake, TX
Home Marketing Specialist & Creative Decor!

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Feb 08, 2014 08:58 AM
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Charisse, Thank you for covering this topic in your blog. The buyers agent will protect the buyer in the process from opening escrow to the close.

Feb 08, 2014 01:08 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Give me half a chance and I'll get all sorts of information from a prospective buyer about their situation that could compromise their potential negotiating position. That's why you never want to speak with a seller's agent--they can find out all sorts of information they shouldn't know.

Feb 08, 2014 07:55 PM