a real estate agent put a for sale sign on property before receiving the signed listing agreement or putting the real estate in the multiple listing service, is that lawful?
2007-03-20 12:39:51 · 4 answers · asked by carol j 1 in Business & Finance ➔ Renting & Real Estate
No, and he wouldn't do it.
a signed agreement is necessary for him to act as an agent for the seller.
If he was told not to put up a sign, that is tresspass.
Advertising in MLS isn't illegal, but He doesn't have the right to show the house or negotiate a deal. Nor is he entitled to a commission if the property is subsequently sold to some one he told about the property.
2007-03-20 12:49:01 · answer #1 · answered by bob shark 7 · 0⤊ 0⤋
Without the owner's written permission, I would say that if it does sell, the realtor is entitled to no money. Sounds like a newbie to me. He/she may have a verbal agreement with the owner, but good luck! Isn't that why the industry adopted the E & O insurance because of idiots like this?
Things like this make me shudder, maybe that's why I retired from the real estate world last year, too much foolishness going on. I just hope you aren't the one who did this. (Joking)
2007-03-20 19:50:03 · answer #2 · answered by Barbara 5 · 0⤊ 0⤋
If he had the permission of the seller, then it is LEGAL. It may not be smart (no bindig agreement on his comission), but it is legal. He can run an ad for your home for sale, in fact many agents advertise other agent's listings with no listing agreement - it is not ILLEGAL.
2007-03-20 19:52:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Not in california. It's more to protect buyers though.
Agents are not supposed to advertise properties that are not for sale and/or properties not personally listed by them or their brokerage without written permission.
2007-03-20 19:50:43 · answer #4 · answered by Tadow 4 · 0⤊ 0⤋