Question Details

Joe Sorrenti…,  in Buffalo, NY

Bumped from NY Q&A:Let me pose this one to all of you agents: What are you to do when you go on a listing

Asked by Joe Sorrentino, Buffalo, NY Tue Jan 29, 2008

appointment, discuss confidential and financial information with the sellers, they sign disclosure understanding that you are talking to them as a disclosed sellers agent. Then, you don't get the listing. 2 weeks later, you are showing homes to a buyer and acting as a buyer's agent with signed disclosure as such. They call you and want to see the house that you did not get the listing for.
How are you supposed to handle Agency Disclosure and how are you legally supposed to act in an agency relationship? How will the seller react when you make an appointment as a buyer's agent for your customer? How does your State Real Estate board view this?
I'd love to hear your viewpoints.

Help the community by answering this question:


I was thinking about this yesterday, after readig a similar thread. Granted I am a very new agent, but for what it's worth.

An agent will do a cma and come up with the price supported by the market, weather that price is higher or lower than what the seller was hoping for is irrelevant. Since the price that the seller would like to get, or the minimum price they need to sell at has no effect on the price an agent should tell them, there is no point for them to discuss it untill they hire an agent.

A seller would have to discuss the time frame during which they want to sel their house (as that can influence the price somewhat) but it doesn't have to be the first thing they tell an agent. They can wait until they have narrowed the number of agents they would like to work with to 1 or 2 and then tell them the time frame.

I also feel that as an agent going on a listing appointment, it's yoru responsibility to explain to the seller that even though you are talking to them as a disclosed seller's agent, if they do not list with you than there is no contract between you, and should you have a buy who wants to buy their house, you will be working in the buyer's best interest.

At least that's how I feel. Time to clarify this with a broker and see what you are legally supposed to do.
0 votes Thank Flag Link Tue Jan 29, 2008
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