It happened to me today. My eager buyer (Mr. Buyer) called the Listing Agent from the number on the "for sale" sign of a REO while he was "scouting the neighborhood". This is when the Buyer's Exclusive Representation Agreement comes in handy. Not only did the Listing Agent not ask over the telephone Mr. Buyer if he already had an agent, but, after she drove 30 minutes to show the property and THEN asked if he had an agent and he replied, "yes", she still proceeded to tell him that it would be a good idea to go with her because "he'd get a better deal" on the purchase price. (By the way, the story from my buyer was that he called the agent and he wanted to see the property and she said that she was going to be in the area at 9am and could meet him there at 10am.)
Has this market become so tough that the agents are now acting as ruthless individuals and not following the NAR's Code of Ethics? She must have skipped through and not read Article 16 of the Code of Ethics that states: "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."
I know, I know, shame on my buyer for acting on his own. He knows better now, because he wants to make an offer on that house and now the Realtor is making it difficult for me OR Mrs. Buyer to see the property. The Supra key is non-operable (she hasn't activated it) and she won't give out the combination on the combo lock on the door because she said that the lender won't allow her to release the number to anyone. Hmmmmmmm. Then why have it on the door????? Makes no sense to me. We'll see how this pans out!
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