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I don't have any contracts with the 1st one.

2007-02-27 04:44:58 · 16 answers · asked by broken heart 2 in Business & Finance Renting & Real Estate

16 answers

You are obligated only to the one with whom you signed a contract

2007-02-27 04:47:33 · answer #1 · answered by Buffy Summers 6 · 0 0

Loyality is a precious thing. I hope that when you find yourself in a position to have done alot of work for someone that they would stick with you. I don't care if you have a contract or not. If you were working with a realtor and it wasn't working for you, then you should tell them to their face. If you're purchasing a property and the 2nd realtor has it listed, then you aren't being represented. The listing agent owes all her fudiciary duties to the seller alone. And means they are only looking out for the seller. You decide.

2007-02-27 05:14:52 · answer #2 · answered by Anonymous · 0 0

It kinda is because realtors work on commission. So it wouldn't be very nice if you use one realtor to help you look for a house and you end up buying with another realtor. You were basically using the first realtor. So really he/she was doing all the work for nothing. If you like the second realtor better just have him/her look for your home.

2007-02-27 04:52:05 · answer #3 · answered by Ana D 3 · 0 0

You are only obligated pursuant to whatever written contract you have for representation. Other than that the only issue would be between the agents as to conflicts for getting paid. What that conflict is called is procuring cause. Since the seller's agent (not the seller) will pay the agent who brought the buyer in first (if the offer to split was made by the listing office) and then if another agent comes in with the same buyer after the first agent has introduced that buyer to the seller's agent as a potential buyer the seller's agent will need to get some kind of releases from those agents to avoid a dispute relating to the buyers agent's commission. Seller's brokers don't really like those types of scenarios at all, but it's between the agents and not the principals. To avoid it you should release one of the agents before you act with another.
Buena Suerte

2007-02-27 05:18:12 · answer #4 · answered by newmexicorealestateforms 6 · 0 0

Yes, even though you do not have a contract with the 1st realtor please keep in mind that realtors are paid by commissions only. The first realtor invested, time researching the available homes in your price range and time is money, they invested gasoline and the wear and tear of their car. To use another realtor may not be unethical but it is certain;y not the fair thing to do.

2007-02-27 04:51:44 · answer #5 · answered by Patrick Z 1 · 0 0

If its the same house, yes. The one thing that might play in is if yo have a buyer broker. Who is a realtor that works for you that you have signed a contract with. However, if its just buying the house the realtor shows you, its not bad.

2007-02-27 04:49:04 · answer #6 · answered by stellabella 3 · 1 0

Not at all. I am in the real estate industry. As a BUYER you are not obligated in any way to buy from any one realtor. They get paid by the SELLER, not the buyer. Therefore, you sign no contract with anyone just to look at houses. Once you find a house that you like and sign a purchase agreement, at that time you then become obligated to the SELLER. Look all you want with whom ever you want and find the best house for you.

2007-02-27 04:49:58 · answer #7 · answered by Karen 3 · 0 0

Who signs a contract with a realtor when buying a house???
I never did until I put a bid in on a house to buy it ???? Is this some new thing there doing? I've signed contracts to sell my house but never to buy. So why feel guilty? its there job to sell houses so use all the resources you can.

2007-02-27 04:50:32 · answer #8 · answered by gregory_usa83 4 · 0 0

If you are talking about ethics, no there is nothing wrong in it. If you gain financially, change your realtor as many times as you like. That is business. Certainly nobody would blame you for not agreeing to lose your hard-earned money.

2007-02-27 04:52:10 · answer #9 · answered by saudipta c 5 · 0 0

you need to work with the 1 you have a contract with. Or the other one will do all the work and not get paid.

2007-02-27 06:04:26 · answer #10 · answered by s_uperdave 3 · 0 0

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