Just a follow-up to my answer...When speaking about a property agents have a duty to be honest in answering questions posed by agents or customers such as yourself. Further it is in the best interest of all involved to let it be known if a property falls in to a short sale situation as more time will be required to close. Agents who represent a seller can not answer questions which are personal ie: is the loan with one bank, is there a lower price that the seller or bank will accept, etc because of their fiduciary duties under license law. You are free to ask all the questions you want, just know that you may not get all the answers you seek. Best of luck.
RMB
Such a question serves several purposes
A) it determines if you do, in fact, have an agent. If you dont, those types of calls are sure fire sources for buyers leads.
B) ok, you have an agent, perhaps they are incomptent, you are frustrated, and that is why you are calling. See A)
C) ok you have an agent, you like them, but it appears this question was too unimportant to ask YOUR agent about it. By implication now you and the question are a waste of time. A commissioned salesperson is not going to want to discuss it in detail, especially if they are busy. (if things are slow, they perhaps answer it)
D) it can also offend the agent because it confuses the relationship of everyone to each other, in other words now the listing agent needs to keep track of what he told you and also the other agent.
E) a majority of the population is uneducated in real estate and thus need agents to represent them. a listing agent may take offence because the gig he signed up for was to work with other real estate professionals.
I am being as candid as possible. Thi
It's not that the agents don't want to answer questions from a non agent, they don't want to answer those questions no matter who asks. Sellers agents are free to discuss the property but not the people who own it. They have a fiduciary duty to the seller to keep confidential information to themselves. You can ask but don't expect a reply. Agents for the seller can not give the answer without written permission from the seller who most likely will not release the agent to do so.
We as agents tread murky water when we deal with another agent's client directly. This is an agent ettiquette and fiduciary responsibility question...I think other answers have pretty well covered it...
I have answered this same question on other consumer forums as well, however most of the time the question is more directed at "What was agent x rude to me when I called them?" I hope that none of the agents you spoke with were rude to you - because that is, regardless of agency relationship, completely inexcusable.
Erin
Of course, this is not true of all agents, and probably is not true of any of the agents who post on this site. But for a large percentage of them, it is true. Most agents are more than happy to give you information, whether you are represented by another agent or not. Because they want to do what is best for their sellers, and what is best for their sellers is for the listing agent to talk with any and all buyers. To do otherwise is violating a fiduciary responsibility to the seller.
Agents will always ask you if you are working with another agent, just so they aren't stepping on another agent's toes or interfering with another agent's client. You might want to consider beginning your conversation with, "Hey, I'd like you to know I am already working my own agent, but I wonder if you could spare a few minutes to answer a few questions about your listing?"
Just last week I showed a listing of mine to a buyer who was represented by another agent. They told me who the agent was and asked if I could show it to them, which I did. I also let the agent know that I showed her buyers my listing and offered to help her in anyway that I could. I also had a buyer ask to see a listing that I was not available to show, so I called that listing agent and asked if she would mind showing them. She agreed to do it for me, because that's what good agents do. They help each other out. In fact, I went into escrow with my buyers on that agent's listing. So, it all works out in the end when agents are willing to cooperate with one another and respect agencies created between other agents and their clients.
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A response to your response- Occaisonally picking up a new buyer's lead from a listing could mean a "double end" to the deal for a listing agent (similar to hitting the lotto ;). In this situation if it was you the client's listing the agent's behavior here could benefit you. This is tough to explain to anyone not in sales, but, it is near impossible to ignore a potential, obviously interested client especially when it is such a short distance away. I am speaking for me when I say, I wouldn't be shoving it down their throats(rarely does this happen) but you calling does indirectly signal the possibility. Of course the listing is the first priority, but is there a conflict of interest? I doubt it.
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For your response to my C., allow me to clarify: In your line of work, does not the source of a question determine how hard you work to answer it? In other words, if you, as the buyer, call an agent, you could be percieved as not serious, asking frivolous questions. It implys you may only be serious enough to nibble for bits of information rather than having your agent call and do some manuevering in preperation to write an offer. In this situation I cant name many people who would do more than answer your question and attempt to escape. Time is money as we well know.
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You may have better sucess emailing the agent. As the internet and the real estate industry evolves, the role of agents is less central. Personally, I believe that every short sale, without exception, should have the data you're requesting in the multiple listing. I personally instruct my agents to only write offers on approved-approved short sales where a BPO has been done and signed off by the brass. Otherwise one is waiting 60-90 days for an answer.
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Good luck in your search.
I appreciate your candor.
I should have clarified why I call agents directly. My motivation is solely to learn more about a house I am interested in buying and hearing the answer first hand. I don't call to waste anyone's time or to get information for any other purpose than noted above. From my perspective, this is a business decision. It is potentially the largest investment/purchase I will make, so I want to hear the answers for myself.
From your reply, A & B seem to serve the selling agent alone. I would hope if I hired an agent to sell my home and someone called to ask about it (another agent, non-agent, Martian, etc), their first motivation would be to sell my home - not get a buyers lead.
I take issue with your answer for C. A commissioned sales-person should want to discuss, in detail or whatever length, a home they are selling with anyone who might be interested. Other than details an agent is not able to disclose for legal reasons, does it really matter who is calling?
Thanks for answer E. I needed a good laugh.
Guy
I am talking about the mindset of agents. I know that your intentions are good but you must understand the number of "silly" calls that most agents think are serious buyers all for naught. If you have an agent, let the selling agent find the general info you need and get on with as you go along. There is nothing more frustrating for agents on both sides not to be able to do their job to the best of their ability. That's why I put the word in quotation marks -the other word that might explain the agent's attitude towards your question is not that good either. please don't take it personally.. this is an agent's state of mind i am talking about.
Friends?
Laarni
I am surprised by your post. I have seen your comments around and thought they were well founded. I don't think my intentions were ever "nefarious." I don't hound agents nor would it consider asking a handful of questions "feeding me info." I have made less than 5 calls altogether.
http://www.dictionary.com/
Guy
My own "nefarious" reasons.....
Please have your agent earn his keep. By doing that, the listing agent feels that you are using him/her for your own "nefarious" reasons. If the listing agent keeps feeding you info and then you will say by the way.. I have an agent, he feels like your agent is being paid for not doing anything. I think you are being hard on yourself and you are making it hard for your agent to negotiate for you. Loosen up a little bit- this si supposed to be a teamwork.
All the best,
Laarni
I thought maybe you said it was ironic because I mentioned that being rude is inexcusable, but you had spoken to me and I had been rude to you! Phew! ;-)
I will admit the first time I called an agent, I was not aware that I should disclose that I have an agent. Since then, I have spoken to a few agents on the phone and with the exception of one, were just a bit short of rude. I now will never call an agent and maybe that is why I have representation.
With regards to the "respect" argument, I have a difficult time buying that rationale. I cannot count the number of business cards I have been given by agents at open homes saying "if your current agent doesn't work out...." If anything, I think that's the easy answer.
I mostly agree with a post below (EW) that an agent might be less motivated if they think it's just waste of time or as it was put "no money in it for them." I don't think all agents are like this, but I have run into my fair share.
The irony is that I called Erin Attardi late last year and she could not be more friendly and helpful.
Guy
