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Updated about 9 years ago on . Most recent reply

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Frank S.
  • Specialist
  • Chicago, IL
345
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870
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Switching Agents and Procuring Cases

Frank S.
  • Specialist
  • Chicago, IL
Posted

Hello,

I'm switching my current broker.  I'm interviewing a replacement.  This is a hypothetical question. 

What if I submit a bid on a property I saw with a prior agent?  I will certainly notify my current buyer's agent of my previous bid or visit to a place. The last thing I want is legal trouble.

However, is there a time-frame one should ethically wait? A week, a month, or a year?  Can issues arise even after several months? Am I eternally bound to an agent that showed the property?   

I read about procuring cases and they are not fun. I don't want any part on that.

http://realtormag.realtor.org/law-and-ethics/law/a...

I think the right thing to do is to split the commission, but who am I to tell a buyer's agent what to do with their money?

Thanks, 

Frank

Most Popular Reply

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

A procuring cause dispute is simply not you're problem to deal with, it's between the agents. Yes, you will need to recite the chain of events at some point.  Having said that, simply be honest and forthright with both agents.  Let them figure it out.  But to be fair, why would you submit an offer thru another agent, other than the one that showed you that property initially?

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