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Lionel Thors…, Real Estate Pro in Chicago, IL

Does the Chicago Association of Realtors Rules still require the Buyer Broker to be present at the time of presentation, when the Buyer Broker asks?

Asked by Lionel Thorsness, Chicago, IL Thu Nov 8, 2012

The Buyer Broker has the right to be present at the time an offer is presented, but did not have the right to present the offer.

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Answers

4
his is not a Code of Ethics or Standard of Practice policy, but is an MLS Regulation.

Section 2.3: RIGHT OF COOPERATING BROKER IN PRESENTATION OF OFFER - The Cooperating Broker or his/her representative has the right to participate in the presentation to the seller or lessor of any offer he/she secures to purchase or lease. The Cooperating Broker does not have the right to be present at any subsequent discussion or evaluation of that offer by the seller(s) or lessor and the Listing Broker. However if the seller or lessor gives written instructions to the Listing Broker that the Cooperating Broker not be present when an offer to the seller that the Cooperating Broker secured is presented, the Cooperating Broker has the right to a copy of the seller's or lessor's written instructions. None of the foregoing diminishes the Listing Broker's right to control the establishment of appointments for such presentations.

Hope that clarifies things.

Laura Meier
Broker
@properties
212 E Ohio St
Chicago IL 60611
email: lmeier@atproperties.com
1 vote Thank Flag Link Thu Nov 8, 2012
Lionel,

The Buyer's Broker can request to present the offer in person, but the seller can deny the request.

Best of luck,
Ivan Sagel
312.515.7823
0 votes Thank Flag Link Thu Nov 8, 2012
I have been in the room with the seller one time when an offer was presented. There is no requirement for this. I also dont think a listing agent has to allow you to be present.
0 votes Thank Flag Link Thu Nov 8, 2012
be present always either in person or in email
0 votes Thank Flag Link Thu Nov 8, 2012
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