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Is it rude to talk to multiple realtors?
Using Multiple Agents Is Unethical Since realtors work on commission, they need to have some guarantee that the work they are doing will result in compensation. This is where they have to rely on each other and their code of ethics.
Is it okay to meet with multiple realtors?
The short answer is yes, you can work with multiple real estate agents—under certain circumstances. Working with more than one real estate agent is fine when you haven’t signed an exclusive agreement with anyone, says Adam Aguilar, a Realtor® with Reliantra in West Toluca Lake, CA.
Is having two realtors unethical?
In short, no it is not ethical to use two real estate agents. Real estate agents are only paid when the property sells. So an agent showing you homes would be working for free in good faith that they will be the agent who is getting paid when you finally find the home that you want to buy.
What if a realtor has two clients that want 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.
Is a dual agent a good idea?
The bottom line is that dual agency is certainly a good thing for the agent but is typically a negative scenario for both the buyer and seller, as neither party is getting fair representation. This is an especially negative arrangement for inexperienced buyers and sellers who really need professional guidance.
Can estate agent tell you other offers?
Monty’s Answer: Real estate agents are not allowed by law to share your offer with other buyers or any other details of your proposal with anyone except the seller. The seller can share your offer with other potential buyers. This type of clause is often called a price escalator or acceleration clause.
Can you work with multiple Realtors?
The short answer is yes, you can work with multiple real estate agents—under certain circumstances. Working with more than one real estate agent is fine when you haven’t signed an exclusive agreement with anyone, says Adam Aguilar, a Realtor® with Reliantra in West Toluca Lake, CA.
Can I Sell my House to more than one Realtor?
While it’s technically okay to work with more than one real estate if you haven’t signed an exclusive agreement with anyone, it’s generally frowned upon. You’ll usually need to sign an exclusive listing agreement before selling your home with an agent, but many buyer’s agent don’t require an agreement initially.
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 two real estate agents when searching for a home?
Also, if you’re searching for a home in two different locations, you can rationalize working with two different agents. If that’s the case, you should notify both real estate agents and make sure your buyer-broker agreement reflects that arrangement, says Joyce Mitchell of Locations Montana Real Estate in Bigfork, MT.