Table of Contents
Can a realtor show two people the same house?
A broker is permitted to act as a dual agent in California only if the buyer and seller are both aware of and consent to the dual agency.
Can a Realtor have two clients bidding on the same house?
Legally and ethically, it is possible for a real estate agent to represent two or more competing buyers on the same property. The real estate agent would have to disclose to all parties that there is a multiple representation situation. If you accept the disclosure, then you can proceed.
Can agent lie multiple offers?
Listing agents will often tell potential buyers that they have “multiple offers.” This line can come after a potential buyer sees a house and shows interest, or after a potential buyer submits an initial offer. Why they tell it: Look, sometimes this claim is entirely truthful.
Can an agent lie about multiple offers?
What happens when there are multiple offers on a house?
When there are multiple offers, the seller typically takes one of three actions: Accepts the most favorable offer. Counters all offers to give everyone a chance to come back with a better bid in an effort to get the best price and terms. Counters the offer closest to the price and terms the seller’s seeking.
Can a real estate agent represent two different buyers on the same property?
Yes it is possible for a real estate agent to represent two competing buyers on the same property. It is quite difficult for a real estate agent to serve both buyers adequately at the same time on the same deal.
Do you have to interview multiple Realtors before choosing one?
Yes, definitely. Most real estate agents will expect that you’ll be interviewing multiple choices before deciding on one. Interview at least 3 choice to determine who is the best fit for your real estate transaction, whether you’re buying or selling. Is it bad to have multiple Realtors?
Can you have more than one real estate agent at once?
It’s poor etiquette to work with more than one real estate agent at a time, and the buyer-broker agreement shows your agent that you’re not doing that. “Remember that buyer’s agents are only paid if they close a deal—they aren’t paid for their time,” Van Winkle says.
Can a realtor serve two buyers at the same time?
Now, from a negotiation and fiduciary perspective, it’s not a good position for a buyer to be in. It’s simply quite difficult for the real estate agent to serve both buyers adequately at the same time on the same deal, even if he’s able to avoid any conflicts of interest.