When Buyer's Agents Guarantee Buyer Performance

By
Real Estate Agent with Lyon Real Estate BRE #00697006

When other agents ask me if the seller I represent will accept an offer, that is not a question a listing agent can really answer. I do not know what a seller will take. Not inside my seller's head. Even if the seller had told me he or she will not accept an offer lower than X -- for one thing, unless they autorize me to release this information, that informtion is confidential -- I still would not rely on it. Further, sellers are just like anybody else and capable of changing thoughts based on present circumstances.

There is also the not-so-obvious. Stating a seller will perform in a specifc way that causes a buyer damages when the seller refuses could get a listing agent sued by both parties. So, why is it that some buyer's agents readily and openly make promises that guarantee buyer performance?

You can read more in my personal blog today at this link: When Buyer's Agents Make Promises They Cannot Keep.

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Certified HAFA Specialistelizabeth weintraub

 

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Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

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Topic:
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Groups:
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CALIFORNIA REAL ESTATE
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Tags:
unethical agents
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buyers agents make promises they cannot keep
agents guarantee buyer performance

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Rainer
440,369
Sham Reddy
H E R Realty, Dayton, OH - Dayton, OH
CRS

Basic principles of agency!!!

Even if the seller had told me he or she will not accept an offer lower than X -- for one thing, unless they autorize me to release this information, that informtion is confidential -- I still would not rely on it. Further, sellers are just like anybody else and capable of changing thoughts based on present circumstances.

Aug 26, 2018 09:56 AM #1
Ambassador
2,985,602
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Ah, the art of delivering bad news and maintaining a professional respect from the party you are giving the death blow too.  It starts with not making promises you personally have no ability to keep and being honest and empathetic when delivering bad news.  Not surprised the members of the Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents team are trained in this from the start.

Aug 26, 2018 10:15 AM #2
Rainmaker
2,056,928
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Sham Reddy You would be astonished at the number of agents wbo do not grasp agency. Even fewer are the number who practice risk management.

Aug 26, 2018 12:48 PM #3
Rainmaker
2,056,928
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Chris Ann Cleland How about the agents who beg? I'm sure you've had those types of buyer's agents beggining you to take their buyer's offer, promising the sun and moon and stars on behalf of the buyer. I wonder what buyers would think if they knew the kinds of things their agents say?

Aug 26, 2018 12:50 PM #4
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Elizabeth- agents can't ever know what's going on in the heads of their clients. And even then, they may change their minds. All an agent can do is put the information in front of their client and allow them to say yes or no, or maybe. 

Aug 26, 2018 06:19 PM #5
Rainmaker
11,568
Missy Banks
Allen Tate Real Estate | AgentBecky.com | MissyBanks.com - Charlotte, NC
AgentBecky.com CHARLOTTE HOMES FOR SALE

Could not agree more! 

Aug 27, 2018 02:43 PM #6
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Rainmaker
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