Myth 5: I'll improve the odds of finding the house I want if I work with more than one agent.

By
Real Estate Agent with Certified Staging Professional (CSP) Elite Instructor

This is a continuation of a series: 10 Common Myths Shared by Homebuyers*. See Myth #4 here.

Buyers can mistakenly rationalize they should have several agents working for them. Working with more than one agent will create confusion for buyer and agents alike.  Agents have access to the same Multiple Listing Service. A consultation with a professional realtor will allow an agent to concentrate on your needs and wants. While interviewing agents, sharing your priorities in your home search will help the agent in helping you find properties that meet your criteria.  Select one agent to represent your interests so you can get develop a mutual relationship based on trust, communication and loyalty.

When working with the Charleston Relocation Experts Team, Buyer representation is a FREE service! Call or email Michele Reneau when you ready to have an agent looking out for YOU!

Stay tuned for more myths...*The series is adapted from the REBAC article published October 2008, 10 Common Myths Shared by First-Time Homebuyers in Today's Buyer's Rep.

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Michele Reneau - Military Relocation Specialist with Carolina One Real Estate in Charleston, SC.

Contact Michele Reneau, Realtor®, North Charleston, SC Relocation Expert, CRS, GRI, ABR. Licensed Realtor® in South Carolina at 843-572-0518 to list your property for sale or to purchase real estate. The Charleston Relocation Expert specializes in military relocation, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market.  I can also be contacted by email at mreneau@carolinaone.com. To view all Charleston Metro area Homes for Sale Click Here and then click on Search for Homes.  With over 25 years of Lowcountry Living, I know the Charleston Metro area.

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Ambassador
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Not only does it create confusion for buyers and agents alike, agents will soon find out about that a buyer is working with other agents as well and lose the motivation to dedicate their time and efforts to do the best job they can for this particular customer. 

Nov 10, 2008 01:13 AM #1
Rainmaker
300,275
Heather the Realtor Orlando, Lake Mary
LemonTree Realty - Orlando, FL
First Time Home Buyers, Bank Owned Homes

This is the worst myth buyers have if you ask me, great blog. I will say Silvia is correct the agents will eventually find out about one another.

Nov 10, 2008 01:43 AM #2
Rainer
48,066
Nicole Weidauer
Keller Williams Greater Seattle - Shoreline, WA

I have run into this situation before.. one way to work past it to to remind them that you work with many people and the people who sign the exclusive buyers agency agreement, get top priority when shown homes. Those are the ones that are saying they want to commit to you, and you in turn commit to giving them 100% of your attention and top priority over people who don't want to show their loyalty.

Thanks for sharing, Nicole Weidauer

The Egerer & Weidauer Team, Keller Williams Realty North Seattle

Nov 10, 2008 03:48 AM #3
Rainer
22,779
Toni M. Rose
Prudential C. Dan Joyner Realtors - Easley, SC
Easley SC Real Estate

Michele, I've been away from AR for awhile and am really enjoying catching up on your posts. You do a great job with your blog!

I am loving this "series". Thanks for all the good info!!

Nov 10, 2008 03:59 AM #4
Rainmaker
474,927
Daniel J. Brudnok, REALTOR
Berkshire Hathaway Home Services Fox & Roach, REALTORS - Exton - PA License #RS-225179-L / Delaware License #RS-0025038 - Downingtown, PA
SRES, e-PRO,ABR,GREEN,CSP

Michele,

Fortunately I have not had this happen to me and my Clients.....

I have been approached to work with Buyer's who, only when I asked, told me they are working with someone.....I ask them to either make it work or end it and contact me.

I can only hope others would do the same.

Nov 10, 2008 04:07 AM #5
Rainmaker
91,655
LaShawn Norden
Keller Williams Heritage Realty - Longwood, FL
REALTOR, (321) 377-0157, Your Real Estate Advocate in Central FL

Michele~ I love the series...sometimes, I think we are so close to our own profession that we forget to stop and share the expectations and benefits of Buyer's Agency agreements with our customers...and then we get upset when they do something we think they should have known. Your series is a great one to explain the process!

Nov 10, 2008 07:24 AM #6
Ambassador
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Michele:  Along with that myth comes one that our Brokers pay us to take them out house hunting.  I explain to people that Realtor relationships, like marriages, are better when they are monogamous.  :)

Nov 10, 2008 07:27 AM #7
Rainmaker
131,644
Michele Reneau
Certified Staging Professional (CSP) Elite Instructor - Summerville, SC
Realtor, GRI ~ Charleston, SC Relocation Experts Team

Silvia-Good point! I had an agent that figured out a buyer was contacting more than one agent, including myself.  All 3 realtors opted out.

Heather-All the myths buyers have are bad :)

Nicole-Great way to put it. 

Toni-Been wondering where you've been. Good to see you back!

Nov 10, 2008 10:32 AM #8
Rainmaker
131,644
Michele Reneau
Certified Staging Professional (CSP) Elite Instructor - Summerville, SC
Realtor, GRI ~ Charleston, SC Relocation Experts Team

Dan-Lucky you to not have experienced this. What goes around comes around. Good for you.

LaShawn-I have a Buyer's Kit that I give to buyers that includes agency, info about and will include this series info.

Chris-Love the marriage metaphor!

Michael-I changed my title long ago to Real Estate Advisor.  I hope others will follow suit to drop the sales agent title and help the cause.

Nov 11, 2008 07:27 AM #9
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Rainmaker
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Michele Reneau

Realtor, GRI ~ Charleston, SC Relocation Experts Team
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