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Updated about 4 years ago on . Most recent reply
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Listing Agent > Intermediary
I am selling a house. My realtor, who is also a personal friend, has been approached by a potential buyer that isn't currently represented. If the unrepresented buyer comes in with the best offer my listing agent becomes an intermediary. I don't know what I don't know when it comes to this situation, so any advice would be helpful. Should I be concerned? Is there any potential issue I need to be weary of considering that my listing agent is also a friend (from the buyer side)?
I trust my buddy (the list agent), but if I'm paying the commission I don't know how I feel about essentially losing representation that is explicitly looking out for my best interest.
Thanks for your feedback!