Look Out..........Incoming!

By
Real Estate Broker/Owner with Vanguard Commercial, LLC

Now I know that you have read tons of articles of specializing in a certain market also know as a niche. But I think it a shame that some agents have chosen to make their niche parachuting in on someone else's deal.

That brings me to my second comment. Please be sure to document your contacts and when you spoke with them when working on a property. There is nothing more aggravating than an agent dropping in out of thin air and claiming half of your commission for simply writing the offer.

Just curious how do you deal with agents who parachute in on your deals?

Comments (7)

Richard Dolbeare, R(B)
eXp Realty - Wailuku, HI
R(B), ABR, CRS...Hawaii Multi-Island Specialist

I haven't had that happen.  But there IS a pattern developing with a particular agent parachutting in on my liting agreements before they are quite in place.  It's like the ether in the air sends out a signal or something.  What do I do about it?  Well I'm going to tighten up on my security.

Feb 03, 2009 12:19 PM
Donna Harris
Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator

Procuring cause...  but, yes, some agents have no couth!

Feb 03, 2009 12:24 PM
Tim and Pam Cash
Crye-Leike (Sango) - Clarksville, TN
Real Estate Professionals - Clarksville TN

Dana, if you establish agency, then I don't see how this can happen.  I have lost many leads to other Realtors, but that was due to my own fault - not establishing agency up front.  Have spent many hours for naught but I have no recourse legally without it.

Feb 03, 2009 12:26 PM
Melody Botting
Broker Associate PenFed Realty - San Antonio, TX
You Deserve The Best

I call and email them to ask direct questions.  It is a shame it happens on almost every one of my transactions.

Feb 03, 2009 12:27 PM
Mara Hawks
First Realty Auburn - Auburn, AL
Inactive-2012 REALTOR - Homes for Sale Auburn Real Estate, AL

I've also never heard of this. Procuring Cause would seem to be an important element here.

Feb 03, 2009 12:37 PM
Anonymous
Anonymous

It does happen even if you sign your disclosure, unless it is an Exclusive Buyer Broker Agreement. Then the client would know the rules of the game, no dating as we are married for this time period.  If an agent walks in with buyer in tow and has a contract signed, even if you started working with them, you could lose.  Procurring cause means you never loss the chain of command and should have known they were out there lose.  Agents are hungry and many are doing just that,  AJ

Feb 03, 2009 12:52 PM
#6
Dana Gibby
Vanguard Commercial, LLC - Jackson, GA
Asst. Living Facilities

Thanks for all the comments........I was the exclusive listing agent and had been working with the investor for over a year on a property when an agent landed on my fax with an offer on their behalf.  

Feb 04, 2009 10:39 PM