Seriously Joe, you know the answer.
Every parent who has raised a child has instructed, "If you have to ask if I should, Don't do it!" The mere presence of the question indicates a core value is about to be violated.
Of course, soliciting opinions on the internet should make it ALL RIGHT.
Consider this and how it would look on you
"Treat people as if they were what they ought to be and you will help them become what they are capable of being."
How would you like to be treated?
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL
727.420.4041 - http://www.RealEstateMadeEZ.us
It is not illegal or unethical for you to hire a new agent but when you have a written agreement that agent could receive the commission.
Kay V. Lanway,
P.S. I am also on the Professional Standards panel at my Bd of REaltors.
You see nothing wrong with wasting his/her time on "a wild goose chase?"
As previously stated, you have the right to change agents but from a "right and wrong" perspective, you may be crossing the line. Try putting yourself in the agent's shoes and imaging how it will feel when they learn of your insincerity.
Any agent that works with you and does not have you sing an agreement is not following the law.
Also, you are creating a competition for a commission and even when agent A has found you the house perhaps agent B had already shown you this listing in an email. Then agent b gets the commission
You need to be very careful as you can create a lot of problems for those two agents.
The BRNN does not commit the buyer to using only one broker because it is non-exclusive and revocable. The buyer may switch brokers at any time. While this form does not commit the buyer to one broker, using two different brokers on the same piece of property is very confusing to all parties and may not help the buyer at all in negotiating with the seller. A better practice by a buyer would be to revoke one agreement before entering into another with a different broker.
The BRNE does commit the buyer to paying the broker (irrevocable) in certain circumstances, but it is non-exclusive which means that the buyer may use more than one broker. The broker only gets paid if the broker introduces the specific property to the buyer or otherwise acts on the buyer's behalf. It would be permissible to use this contract with two different brokers on two different properties without paying both.
The BRE commits the buyer to a single broker for the transaction. It is exclusive and irrevocable. Even if a buyer enters into another agreement with another broker, or uses another broker without the benefit of an agreement, if the buyer acquires the property identified in the agreement the buyer may still owe the broker compensation.
Source: The New C.A.R. Buyer Representation Agreements: Legal Department.
As for the unethical part one need only look within themselves to determine the level of integrity that one wishes to operate under. This is where the Golden Rule comes into play. Lack of communication is the most common reason for misunderstandings between clients and their agents. Best business practice suggest having a discussion with your agent at the onset of the relationship to determine a designated time period and action to be taken should you wish to end your working relationship.
This is a very common situation and is why brokers and their agents are encouraged to use these agreements. Outlining the responsibilities of both parties is good business practice and brings certainty and predictability back to the buyer-broker relationship.
If you are interested in reviewing the entire article please feel free to contact me.
A second buyer's agent would ask if you were already in a contract, and if you answer yes the correct step would be for the second agent to walk away.
Let your agent know that you are not happy with their services and that you may be looking for a new realtor if this home purchase doesn't go through. Before you write a contract with another agent on another property, cancel the contract you have in place. You wouldn't want to find yourself buying two homes.
It is disappointing when we loose our clients but if they know what they are doing wrong or where they are lacking, they might come back to surprise you with better service than you expected.
Best of luck on your home search and if you need help don't hesitate to call.
Lillie Missbrenner, Realtor
Short Sale, REO and HAFA Certified
Better Homes and Garden
Are you unhappy with the service you are receiving? If you are then you should let your current agent know. It is likely that they would be more than happy to accommodate your needs. If you are unsatisfied with the results of that conversation by all means find a new agent. but let your current agent know first.
You should be comfortable with the person representing you for perhaps the biggest purchase of your life. However, you should never work with two agents at the same time, that is unethical, agents work really hard for their clients and are very loyal to them. If you are unhappy simply let them know, they'll respect and appreciate your candidness...and so will you.
Best of LUCK!
If you do not have such a written agreement, then the honorable thing to do on your part is to notify your existing agent that you will no longer be working with him.
You need to examine why you want to change agents. Have a conversation with your agent ... and you each can decide whether this is a good match ... just realize if you have a contract it's not just up to you.
Good luck and best,
Unwavering Commitment to Service, Unsurpassed Results
And I'm sure any agent understands that customers have access to tons of information now and many realtors. I think that its a shame that customers have such a robust information line, without the piece of understanding that "finding the best realtor for you" is the best way to go.
Letting a Realtor get to know you and help you is very important to creating a relationship that works for a long time. Also understand that their service area is broader than a10 mile radius. Most realtors can help you with property within a 100 mile radius in Northern California and do so quite easily.
I'm not sure why people shy away from the committment to one, but you should get much better service that way. And if you dont, then you get one you DO get great service with. Good Luck Joe.
Like others have said just have an eyeball to eyeball with the agent. Unless he's a real jerk or there's more to the story than we know I would think he'd be happy to catch and release. I certainly wouldn't want to be in a business relationship with someone who didn't want to be in one with me.
Whatever you choose to do, be honest with the agent you are choosing to leave behind. Thank them for their time and let them know you no longer wish to work with them. This is important so that they wont put more time into a project that wont be going to completion.
Ours is a business that is based very strongly on relationships. You have to feel comfortable with the person who is helping you with the biggest investment of your life. It is a series of emotional, as well as financial, stressess.
Just be honest. You want to have good karma with you during your home purchase.
J. Rockcliff Realtors - Lafayette
We don't get paid for our time, only successful transactions. By being honest with agent number one, you are being respectful of that person's time. At that point, it';s the agent's decision whether to continue working with you or to graciously exit the scene.
All of this is presuming that you did not sign an exclusive buyer's agent agreement...If you did happen to sign one, it is a very different scenario...
What are your reasons for discontinuing with this agent --- have you lost out on your other offers? If your offers were written based on your directions in spite of what your agent has recommended, then perhaps you should examine your directions instead of changing your agents.
Right now, with low inventories, we are experiencing multiple offer/over bidding situations. Knowing that, and if you really want a house, why wouldn't you adjust not only your expectations but also your strategy.
We have so many buyers who still think it's a buyer's market and as such, think they can low ball an offer. After getting beat out on a few offers, they finally change gears. Changing agents but not changing strategies will reap the same results.
Communication and committment are two things that will get you where you want to go. Make sure you are using a local realtor that knows the ins and outs of this market.
I see you are in Menlo Park and presumably writing an offer in Walnut Creek, based on where you posted the question. Could it be that you are working with an agent that does not know the Walnut Creek market? If so, you will probably be well advised to change to an agent who works the San Ramon Valley. But please, as others have said, do not just work with two agent concurrently. This is not fair to either of them. Ethically, you have to to close out your relationship with your present agent before starting to work with another one.
Bernard Gibbons, J. Rockcliff Realtors
DRE License # 01331583
Phone (925) 997-1585 - firstname.lastname@example.org
The bigger question, though, is choosing an agent that'll best meet your needs. That means a familiarity with the geographical area, a familiarity with the type of property you're looking for, and a compatability with each other--buyer and agent.
Sometimes it makes sense to use 2 agents at the same time. Perhaps you're looking in 2 different states, and one or both of the agents is only licensed in one of the states. Sometimes you might be looking at 2 wildly different types of properties. Those situations exist, but they're relatively rare. And it doesn't sound as if they apply in your case.
You haven't explained why you're dissatisfied with your current agent. Think it through. If there are legitimate reasons (the agent doesn't know the geographic area you're interested in, the agent doesn't promptly follow up on your calls or e-mails, etc.), then certainly consider terminating your relationship with the first one and finding another one. But if it's just because you've ended up in a multiple-bid situation, that happens to all agents.
Whatever you do, though, be absolutely honest and transparent with all agents involved.
Unless you've signed an exclusivity agreement with that first agent, you're under no contractual obligation to keep using him. However, if you happen to get lucky and win that first bid, you'll have to use him for the rest of the transaction. Otherwise, you're free to work with another agent.