Home Buying in Los Angeles>Question Details

Thomas Lynch, Real Estate Pro in San Clemente, CA

Buyer wants to make offer on home with me, (but he has been "working" with another agent). No Buyer Broker Agreement signed.

Asked by Thomas Lynch, San Clemente, CA Wed Aug 13, 2014

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7
In addition to the actions recommended here, speak to your supervising broker or office manager, ultimately they are responsible for your ethical behavior and may prefer a much more cautious approach.
0 votes Thank Flag Link Sun Aug 24, 2014
It happens all the time. Do you have a question?
Web Reference: http://www.archershomes.com
0 votes Thank Flag Link Sun Aug 24, 2014
I would call the other agent and make sure there hasn't been signed agreement. Buyers don't realize where the line of ethics is in our field of work. Sometimes they say they aren't working with another agent when they really are. I would just build a line of communication between you and the other agent to make sure that you are not, ethically, out of line.

Let us know how it goes!
1 vote Thank Flag Link Fri Aug 15, 2014
Has the other agent showed him the property? If so then it is his deal. If not you should be ok if there are no other agreements signed.
1 vote Thank Flag Link Thu Aug 14, 2014
Technically, the buyer can choose whoever they want to represent and help them.
However, if that agent finds out that the buyer put in offer with you (and it was accepted), they can come back and try to get a portion of the commission from your (new) agent.
It's called Procuring Cause, check it out.
0 votes Thank Flag Link Thu Aug 14, 2014
If the buyer has been "working with another agent" they have formed an Agency agreement regardless of any paperwork signed or unsigned.
This is also an ethical issue, and one that ends up filling the court called "procuring cause". It's not worth it, return the client to the rightful Agent!!
0 votes Thank Flag Link Thu Aug 14, 2014
What does your gut tell you?

You know you need to pick up the phone and call the other agent.
Skipping this step COULD place you and the uncommitted buyer in a truly awkward situation.
1 vote Thank Flag Link Wed Aug 13, 2014
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