A buyer's agent may ask you to sign a Buyer/Broker agreement which binds you to that agent. I would recommend being upfront about that too, letting other agents know that you have signed such a document.
In a situation where a buyer is searching for homes in multiple areas, it may actually be prudent to consult with experts in each area and give multiple agents a clearly defined territory.
Bottom line, be candid about what you are doing.
Does a Buyer require 70 or 80 hours a week for searches and questions?
Do you think an Agent should have only one client at a time?
Do you think that Agents have access to different inventories?
How can you possibly divide your time between two Agents?
You need to find a good agent with great connections to inventory in your area.
Not all agents are created equal. 10% of the agents are doing 90% of the business.
I am well educated and well connected in my area. My time is valuable. I work very hard for my clients and if one wants to work me against someone else in a race to find them a home I cut them loose.
Like previously mentioned it is very unmotivating when a client isn't loyal, I have no time for that when I can focus on clients that appreciate my expertise and skill.
If you find yourself a TRUE buyer's agent you will not need to work with anyone else!
Agents all have access to the SAME data base to locate properties for you. If your agent is too busy to tend to your home buying needs, then yes you should get another agent, but if you decide to work with another agent please inform your agent you are doing so. PLEASE do not work with multiple agents at the same time.
As real estate professionals we are trained and skilled enough to care for more than one client at a time, just like doctors can care for more than one patient at a time.
Bottom line, get a buyer's agent you can trust, and allow them to be of service to you. If they fall short and seem not to have time for you move on.
Too bad you are not searching in the greater Long Beach or Orange County area ( I could refer you to an awesome agent) :)
I wish you much success in your home buying quest!
Kawain Payne, Realtor
Prudential California Realty
And the real skill is not finding properties (other than off market listings). It's what happens once a property is identified.
I would advise you to find a reputable, experience, agent/broker who has time to help you and/or has back up in the form of other associates to step in when he/she is unavailable. That's the way we work and it serves our clients best.
I do endorse writing more than one offer in this market...but that can be done with one agent who tracks all your offers and knows what's going on in its entirety.
As you can see by the responses, if you are calling every realtor in town, none of them will be willing to offer any sort of commitment to actually help you on the level that we are all capable of helping you. For this reason it substantially lowers your chances of getting the a better property.
I do the same thing. If a buyer shows me that they have no commitment to offer, I explain this to them and if they still don't get it then I tell them best of luck.
Remember that the agent who writes the contract to purchase is the one getting paid. What will you do about the agent who spend countless hours to help you and did not get paid? Would you be ok with that approach of working for nothing?
If you actually signed an agency agreement, you know that he has his duty and you have yours.
Think of your agent as the extension of yourself, he acts on your behalf, that is the definition of an agent. The agent is working for you, he is doing the job you would be doing yourself if you were as knowledgeable as he is in this field, he represents you in your search.
Now how many of you are you? That is how you figure out how any agent you need.
You wrote that 2 agents might work faster. Think about this: if you were to divide yourself in 2, you would have 2 of you and would work much faster. Do you want to divide yourself? Maybe not.....
You are going to find the right place, if you are serious, qualified and have a good agent, it will happen. Patience and persistence and you will get your dream home. Good luck!
Muriel Levin, Broker, Realtor in the Greater Los Angeles
HAFA Cert. by DRE, Short Sale and foreclosures resources specialist, Cert. Negotiator.
Agent Immobilier a Los Angeles et la region de la Californie.
Agence Immobiliere de confiance pour les francophones a Beverly Hills, Los Angeles, Hollywood et Santa Monica.
Muriel Levin @ Gmail.com
No, because this isn't a bandwidth issue. One agent can find properties as quickly as ten can; you don't need a bigger pipeline. However, it is important that your agent(s) see you as a priority. The way my clients ensure that they are a priority to me, besides taking my word for it, is they sign a brokerage agreement with me.
Just a thought . . .
Risa Liebster, RealtorÂ®
No not really, this is a good way to get no service at all. You need one really good "Buyer Agent" who is experienced and dedicated to your interests. Professional "Buyer Agents" will devote their time and efforts to your search, and will ask you for your commitment to them as well. A good "Buyer Agent" will set up a meeting with you and go over "Buyer Contracts" that outline your business relationship and their duties and responsibilities to you ,and you to them.
As you can see, it would not be possible to do this with more then one Realtor. See my blogs on this site for more information on Buyer Agents.
Most Realtors can handle many listings but they often cannot work with more then one or two buyers due to the time involved. There are quite a few Realtors who do not work with buyers at all so it pays to ask when you begin the interview process.
Just take your time and select a good agent who has time and willing to help you with your purchase.
Hope this info will help you!
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