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Updated over 5 years ago on . Most recent reply

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Multiple real estate agents

Timothy Ketelhut
Posted

Hello,

I am in need of some advice.  I am trying to work with multiple realtors to acquire my first rental property.  One of the realtors I am talking to also works for a management property company but seems like a very good resource.  However, this one realtor specializes in a limited area.  I mentioned that I have reached out to other agents so I can get as many "rods in the fire" as possible to expand my search.  When I mentioned I was tryint to work with several agents she sent me this response:

"When you are working with a realtor, you sign an agreement known as a “Buyer’s Agent Disclosure” in which you agree to work solely with that agent. Agents get paid on commission, therefore, you won’t find many realtors looking to do a “dual agency” agreement because of their risk of not getting paid with commission but still spending a lot of time and their own money trying to find deals, especially if they are not on a team or with the same brokerage."

Now I am aware of this disclosure, but that seems to only apply to a person looking to purchase a home to live in.  I had to sign one with my realtor when I bought the house I currently live in.  How do I approach this situation?  Am I legally only allowed to use one realtor?  Help!

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