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Updated 9 months ago on . Most recent reply

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This doesn’t make sense.

Blaise Peterson
Posted

My sister in law wants to sell three sf rentals in Spokane. Her management company is telling her that listing the property using an outside agent means the property is being represented by two agents—the PM and the sellers agent. The manager said this isn’t allowed and that she would need to terminate the management agreement before it’s listed.

I’ve sold a fair number of properties that are professionally managed and it’s always been a cooperative arrangement between the PMand my agent.

Can someone please help me understand what’s going on?

Most Popular Reply

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134
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Phil Wells
  • Real Estate Agent
  • Spokane, WA & North Idaho
170
Votes |
134
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Phil Wells
  • Real Estate Agent
  • Spokane, WA & North Idaho
Replied
Quote from @Blaise Peterson:

My sister in law wants to sell three sf rentals in Spokane. Her management company istelling her that listing the property using an outside agent means the property is being represented by two agents—the PM and the sellers agent. The manager said this isn’t allowed and that she would need to terminate the management agreement before it’s listed.

I’ve sold a fair number of properties that are professionally managed and it’s always been a cooperative arrangement between the PMand my agent.

Can someone please help me understand what’s going on?

I haven’t seen it personally but I imagine it’s some kind of “use us to sell or pay a penalty” clause. Terminate the contract and sell. Seems like a no brainer. 

Not legal advice, you do you.

  • Phil Wells

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