When your realtor deals with multiple investors?

[Andrea Castor]

We are working with a new realtor. He's only been in the business a few months but has a lot of experience. Overall, he really has been a great realtor on the few properties we've looked at/made offers on.

The issue is that he's looking to build his clientele and looking for other investors. The issue I have is when multiple clients of his are looking at the same property. What if both of his clients decide to bid on the same property? I feel like he couldn't really be in the best interest of both, knowing what both offers are.

This situation has not yet happened, but if it does, I'd like to be prepared.

[Micki M.]

It can happen, but if your agent is ethical he'll have a plan to handle that. In my experience the client that gets into the property first or writes their offer first is the only one I will personally submit.  If we have multiple clients that really want a property I'll have a different broker represent them and their offer so we don't have knowledge of offer amounts. Often the offers are significantly different (ie one is cash and the other traditional financing) so submitting both isn't as probelmatic since the seller will decide which one meets their needs best.  If it's something you are genuinely concerned about you should ask your agent how they would handle that kind of situation so you are clear on your expectations up front.