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Maria Bustam…, Real Estate Pro in Derby, KS

How to deal with a co-op agent who I am afraid will make our contract fail over anything? She stated she has a buyer that will make her more money.

Asked by Maria Bustamante, Derby, KS Thu Feb 24, 2011

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I would first speak with your Broker, and request them to contact the other Realtor's broker about the situation. You'll be surprised how helpful that step will be for you. I agree with Randall's response below; however, put this into your Broker's hand. That's what they are there for. Good luck!
2 votes Thank Flag Link Thu Feb 24, 2011
Unbelievable! She needs to be reminded that it is not about her making the most money, it's about her taking the best possible care of her client that she can. I can't tell you how many times I've given up both sides of a deal in order to net my client more money or better terms. We do what's best for them - every time! Yes, a call to her broker from yours may be in order!
1 vote Thank Flag Link Thu Feb 24, 2011
Wow! Did she send you that in an email? Sounds like a major ethical violation to me! I would consider turning her into TREC if that statement was put in writing. Remind her of her ethical obligations to her client as a licensed Realtor.
1 vote Thank Flag Link Thu Feb 24, 2011
I have a contract, house is vacant, buyers would like to have 2 days of early posession as they are also selling a home they have to move out of. Closing is done deal, papers are ready. Agent offered prior possession to begin with. She is now being difficult when asked to have sellers sign the prior possession agreement. Her words were, verbatim, "I have another buyer that I would make more money with, I am only making 1% on this deal with you so if your buyers have an issue with my sellers not signing for prior possession let me know because I'll make the others work out AND I'll get more money"

Hmmm...well...who knows. Closing is tomorrow and we had to figure something else out since she would just not work with us. Yet SHE offered it! I'll keep you posted.
0 votes Thank Flag Link Thu Feb 24, 2011
Has to be under contract first. Voice your concern. Ask her to clarify, in person what she meant by her statement. It might have been a miscommunication but at least in person you will be able to tell by body language whether or not they are full of it,..... and sometimes not. You will become better and better at detecting this the more expereince you obtain in these types of situations. Some of the best leasons are learned the hard way unfortunatly, Also talk to your broker they will be knowledgable to the subject. Also whats the agents reputation? Remember, keep your friends close and your enimies closer. Hold them accountable, meet in person when getting documents, even if you have to go to them. Be a $#$%@ if you have to, by keeping it personal and avoiding faxes and scaned to email exchanges of documents you will be able to use your senses instead of speculation. To many people these days are not straight forward creating more trouble and wasting time of the many involved over nothing. You will lose contracts, thats a given. There is a reason why your contract was excepted, because the seller wanted it. co ops statement is likely speculation or fluff. Keep close tabs, its there reputation on the line. Being straight forward, prompt, personal, honest, understanding but not gullable, will make you more money and bring you more customers than being sly or coneiving. Everyone makes mistakes, if your client believes you are honest and working hard and given a customer service oriented experience in most cases they will forgive you especially if it involves sabotage. Call em out, dont shy away, put it on the line. Talk to your broker first though.
0 votes Thank Flag Link Thu Feb 24, 2011
If I am reading correctly,,,,you are afraid....a feeling...nothing concrete.
We do not know if your offer to purchase was below the bottom of the market. Bordering insulting to the seller.
We do not know how difficult it may have been for the listing agent to get the seller to even consider your offer.
There is simply to much we don't know to justify or imply any ethecal issue. There is too much we don't know.

Perhaps the listing agent is letting you know the precarious situation. She, by obligation of ethics to her seller can not tell you more. There is just too much we don't know.

If indeed another buyer is in the wings, she has an ethical obligation to net the most she can for her seller. As a service to you, she may be advising you, indirectly, your buyers offer may not be solid and if your buyer loves this home, they have another chance to demonstrate that. Again, there is too much we don't know.

It could be argued she has provided you unmerited favor from which you can better serve your buyer.
Just too much we don't know.
0 votes Thank Flag Link Thu Feb 24, 2011
Hi Maria

Sometimes, the Code of Ethics can protect or encourage realtors violating the Code of Ethics. Is she is not a realtor, then she is ruled by law only.

0 votes Thank Flag Link Thu Feb 24, 2011
A simple call to her broker or the local board of realtors (316) 263-3167 should get get a quick resolution.
0 votes Thank Flag Link Thu Feb 24, 2011
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