Can a Realtor represent two clients for same house?

Real estate professionals cannot engage in dual agency, except in very specific circumstances. Your real estate professional cannot represent both you (the buyer) and the seller in the same transaction. However, you can choose a different real estate professional to represent you going forward.

Can realtor share offers with competing buyers?

Real estate agents cannot by law share your offer with other buyers, but no law prevents the seller from sharing it. 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.

Can a Realtor represent two buyers on the same property in California?

In a designated agency brokerage, two different real estate professionals who have two different clients that want to buy the same property have no conflict of interest. There would only be a conflict of interest if the same designated agent represents both clients.

Can Realtors lie about competing offers?

The Realtor Code of Ethics states that agents must disclose offers on the property to any other broker seeking cooperation. Realtors cannot lie to or hide information from another broker who is requesting information in an attempt to cooperate on the sale.

Can a buyer have two agents?

There are no regulations or laws stating that buyers cannot use more than one agent or realtor; however, realtors have a code of ethics they follow, and they cannot interfere with another agent’s sales. They will not want to work for a client who is not committed to them or who is attempting to use multiple agents.

Why do realtors leave their cards after showing?

The card is left for the benefit of the listing agent, so he can see the other agents who have shown the property. This also provides an opportunity to follow up with said agent to get their reaction and the reaction of the client. The agent then will convey this information to the listing owner .

Can estate agents reveal other offers?

Estate Agents can’t legally tell you how much the other offers were for, but they will usually indicate if they were close to the asking price, which can help to inform your own decision.”

Can selling agents lie about other offers?

Yes, they can lie. Realtors—a subset of real estate agents—are forbidden by their Code of Ethics from lying, though some do. Not many, but some. Usually, though, it’s not an outright lie.

Can you have 2 buyers agents?

Yes, a buyer can work with multiple agents as long as they don’t have a written agreement with an agent. In most areas this is called a buyer’s broker agreement or buyer representation agreement. This agreement basically states a buyer agrees to work with a specific agent and buy a home through that agent.

What is dual agent?

A dual agent is an individual who acts as both the buyer’s and seller’s agent in a transaction. But unlike a dual agent, designated agents are two separate individuals representing the buyer or the seller. However, the designated agents may work for the same brokerage firm.

Do Realtors always say there is another offer?

No not if they are a Realtor. It would an ethics violation for a Realtor to lie about existence of another offer. If there is another offer, a Realtor will use that both as a motivation for getting better offer and as a purely honest disclosure so buyer and agent will act quickly.

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.

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.

Can a real estate agent disclose multiple representation?

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. Now, from a negotiation and fiduciary perspective, it’s not a good position for a buyer to be in.

What is the best way to deal with a competing buyer?

Best way to look at the situation is put yourself in the buyer’s position. Would you like the agent representing you and another buyer to inform the competing buyer what you offered and that buyer makes a better offer and gets the house you want?