I wondered if any of the Realtors out there have encountered any issues with "procuring cause" getting all mixed up with "buyer agency." Buyer Agency contracts are strictly between the broker, agent and the buyer. It can become quite a quandary. I had shown one of my office's listing to a buyer that I had been emailing price changes on their desired type of home. Had already clarified that they were not working with another agent or had signed anything. After being in the home with them, I asked them to sign the "Agency Disclosure Statement", and at that point, said they had looked at a home with another agent who had them sign a Buyer Contract which was going to expire in 6 days. Unfortunately, they did not choose this home; however, if they had written a Purchase Agreement with this other agent, I was going to file a grievance with my board for the commission.
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I have not had the "opportunity" yet of encountering any issues, but after listening to some horror stories in my office, that's an opportunity that I think I can easily pass up. I'm sure it will happen sooner or later. As someone once said, "Just wait."
Hi Jim, it seems we can only go by what a buyer or seller tells us; unless it is verifiable by "Public Records Data" but unfortunately "working with another agent is not". I wonder how many old adages there may be, but I would not be surprised how they came to be.
Hi, Joan
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