Realtor obligations

Realtor obligations

Attorney · Portage, MI · Member since 2016 · 38 posts · 16 votes
What are the ethical requirements for a realtor who has two or more clients who are interested in the same property. I work with a guy who represents investors almost exclusively, so every time I see a good property on the MLS, several of his other clients like it as well. Yet I am relatively new at this, and I get the impression that he strings me along. For example last summer, a great deal listed over Memorial day weekend. he told me they would not return his calls, so we could not get in to see it. However on Tuesday morning the house had four offers, so obviously somebody was able to get in. Another house I was interested in but he told me it had six or seven offers, and it was not worth pursuing. It turns out the house sold for asking price, while I was willing to pay over. He later let it slip, because he forgot I was also interested in that house, that he sold it to one of his investors. Right now I am interested in a property, yet he told me they are having trouble getting the keys to get in. He is a investor friendly realtor, and I have used him on a number of transactions so I feel like we should have some relationship developed. Yet something in the back of my mind tells me that he is stringing me along to see whether or not other offers of his get accepted. Just a month ago I asked to see a HUD home, and he told me he would have to wait until the following day to show it, although it's about five minutes from where he was. Numbers of other people were looking at it that night, and I think he wanted to see if one of his investor offers would get accepted that following morning before showing it to me. What are realtor supposed to do in this situation
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Jonna WeberPro Member
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Investor · Boise, ID · Member since 2011 · 1k+ posts · 736 votes
10y

I agree.   A great agent/client relationship is based on trust.  One time is one thing, but if you have felt shrugged off repeatedly, you need to do what is best for you.  I would communicate with him openly before moving on though. 

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  • Realtor · Denver, CO · Member since 2013 · 2k+ posts · 1k+ votes
    10y

    He's not the only game in town. Find another Realtor instead of worrying over whether he is violating the code of ethics.

  • Jonna WeberPro Member
    Moderator
    Investor · Boise, ID · Member since 2011 · 1k+ posts · 736 votes
    10y

    I agree.   A great agent/client relationship is based on trust.  One time is one thing, but if you have felt shrugged off repeatedly, you need to do what is best for you.  I would communicate with him openly before moving on though. 

  • Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes
    10y

    Sad to hear @Jonathan David.  You have done some transactions with him, but apparently others have done more.  I would seek out a newer, hungry agent that can provide you good service and act quickly.  Someone excited to be in the business and excited to help you. Hope you're not locked in with an exclusive agreement?  Good luck to ya!

  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    10y

    A few times I have had 2 clients interested in the same property.  I tell whoever will be the weaker offer that I know you wont be able to compete because they have an offer that will be better than yours...so I usually dont have to write an offer for the 2nd client.

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