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Updated over 5 years ago,
Multiple real estate agents
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!