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Updated about 11 years ago, 11/08/2013
Realtor Courtesy and Proof of Funds???
I was fishing for different listing opportunities and that meant calling a variety of different numbers. I did not have an agent at this point. I got a call on that Monday trying to set up an appointment for this house. We (myself and realtor A) set an appointment for the next Friday to see this specific house.
Literally the next day or two later, I got a phone call from a former associate that I had known in another line of work. He told me that he is becoming a realtor now and he's just calling different people he knows to spread the news and maybe get some referrals. Great coincidence!
Through the next weeks we (Realtor B and I) looked at a few listings but they each had various problems.
I went and ended up meeting Realtor A at that broke down house. He talked to me and told me he has a few pocket listings that would interest me.
He just contacted me a couple days ago and asked me for "proof of funds" or a "letter of approval" from a bank. He said the seller's requested it.
Should I let Realtor B know about this potential deal because I have been dealing with him in the last coming weeks? I haven't signed anything official with anybody but I don't want to do anything questionable either.
Is submitting a "proof of funds" standard practice? I have been asked for this a couple times. I sent him a screen shot of my investment account.