This should resolve any possible misunderstandings or give you confirmation that it may be time to move onto another agent.
I hope it works out well for everyone. Win-win outcomes are always the best! )
Ask your agent why the homes you have seen only have their signs on it? And great advice from Tammy.
All the best to you.
In my opinion Tammy Benkwitt had the best recommendation, and that is to ask to sit down with your agent at the computer and search the Multiple Listing Service together using your criteria and see what comes up.
With respect to your question about conflict of interest. Essentially if the house is listed with another agent in the same company, that is what we call dual agency, where your agent has equal fiduciary duties to both you and the seller. In my opinion that is a conflict of interest, however I also recognize that is possible that some of the homes that match your criteria will be homes listed with the same company. However it is also very unusual that there will not be houses listed with other companies that also match your criteria.
I think that Tammy has the best test and that is to sit down with your agent and search the MLS together on your agent's computer. The answer to your question will become very clear to you within a matter of minutes.
Charles Butterfield MBA
Real Estate Broker/REALTOR
Cell Phone: (408)509-6218
Email Address: firstname.lastname@example.org
I learned a long time ago that communication is a two way street:
If you are giving him clear cut parameters, and he is not showing you houses that fit those parameters, then he is screwing up.
If you haven't given him good parameters, then please do so.
Good luck and may god bless
Are there other properties that you've wanted to see, that are with other agencies that he's not showing you??
In theory, your agent is still looking out for your interest but when every home is listed by their company ... yeah that would also make me very uneasy. I'm not shy, so I'd probably confront them and then fire them if I didn't like the answer they gave me. It's your money and you are the customer!
The REALTOR that you work with should be looking out for your best interests and if you feel that he/she is not, it's time to call a time out and get it straightened out immediately. You don't want to waste your time and your REALTOR should be attempting to make the process as easy as possible for you. It's not a conflict to show properties that are listed by the REALTOR'S brokerage, but if they don't fit your criteria that's a problem. You and your REALTOR should be a team with a definite goal in mind!
Go out and make it happen!
I'm not sure if it's a conflict of interest or not....but if those homes fit your criteria, then often you are in a better position to have your offer accepted if your agent does personally know the other agent. That said...what it sounds like is that these are not the homes that interest you?
I would suggest you have an honest conversation with your agent and if necessary....find a new one who is more responsive to your criteria. You might be wasting your time.
Best of luck,
Prudential Fox & Roach
Each state has laws that may vary, but if you are working with a Realtor they are obligated to â€œThe Code of Ethics.â€ They are obligated to show you all the choices for your search criteria. So yes that would be a conflict of interest. Make sure your agent is working for you, and not representing the seller. If you are a customer this may not apply. Contact your local Board of Realtors if you want to file a complaint or get more clarification.
It is very important that you do your own preliminary searching. Some agents will only show their listings, then they may only show listings that pay the full commission. So you may never see a listing that the seller has made a deal to pay a lower commission.
I know this by personal experience before I was an agent. We were looking to buy a home and I realized my agent did not take us to specific areas I would have been very happy to see. Additionally he only took us to see homes at the top of our price.
You should have an idea of where you would like to move and have a general idea of what is on the market.
You may also consider interviewing a few more agents and asking them about their process of showing listings that have reduced commissions. I was shocked to find out when I first got my license that some realtors would pull their listings by your criteria then pull by full commission. Their explanation is they can only take you to see so many homes in a day so that is how they do it.... This is my experience and of course not with every agent.
It is important to ask so you will feel comfortable with your representation. Agents make money not just from showing you homes but from negotiating the best deals from what you will pay for your home as well as repairs credits etc.
Best of Luck
You need to "work with" your agent and feel free to ask her/him why you are only being shown houses within that brokerage and that you would like to expand the search, check out neighborhoods and make suggestions.
You should never rely completely on any one person when it comes to your choices in life
Let me know what you think,
Sit down with your agent and explain what your needs are and what you expect. Let the agent know you want to see listings from all offices on the Multiple Listing Service. It's all about communication. If after your communication meeting it still does not happen find another agent.
All the best,
Your agent should cater to you. Please make sure you have been very clear on what type of property you desire. If your agent continues not to show you what you want, be firm and express your dissatisfaction.
Showing you listings from other agent in their office is not a conflict of interest,it actually can lead to a smoother escrow. If the agents know each other they will work better together. Being in the same office makes communications much easier.
Best of luck to you,
Kawain Payne, Realtor
The question really is whether you're being shown homes that meet your stated criteria. You SHOULD be shown properties that best meet those criteria, whether or not they're listed by other agents within the company.
Recognize that maybe the properties you're being shown are the best matches. Mack raises a good point: A lot of real estate offices are just franchises of a big parent company. So with--in his example--Century 12, there's really no connection or conflict among separate brokerages.
Another example: I'm with one of the largest companies in Northern Virginia (Long & Foster). It wouldn't be unusual for one L&F agent to pull up a lot of potential listings by other L&F agents--not because of self-interest but because so many of the homes are listed by L&F.
Beyond that, consider the agent's motivation. Yes, if the listing is with the same brokerage there may be a slight commission bonus. But the agent's real motivation is to sell you a house. Any house. For example (just making these numbers up, and all commissions are negotiable), if a buyer's agent is going to make 1.5%-2.0% on the sale of a house, which is better: (1) risk that commission on the possibility of a minor override by selling another property listed by the same company, or (2) focus on that full commission? Most agents would rather make the sale and collect the commission, regardless of the listing brokerage, rather than limit you to in-house listings and perhaps have you not buy at all.
As the others advise, talk to your agent about your concern. And perhaps get more involved in the selection process. Schedule a time that you and your agent can sit down at his/her computer and search through the listings together. Your agent should be glad to do that. And you can see just what's available that matches your criteria.
Hope that helps.
Let the client make the final decision.
Your agent has the ability to show you any home that fits you needs within the MLS.
You might consider doing your own research online and coming up with the list of houses that you want to see yourself.
Best of luck to you!
Your Castle Real Estate
p: (720) 988-5952
Keller Williams Realty
Ocean City, NJ 08226
It is not unusual for an agent to first look within his or her firm to find out if there's anything available that suits your needs.But if you have any concerns on that, just let the agent know why you are concerned about it and let him or her address your concerns.
Is there a conflic of interest? Yes, there is potentially. Even though two separate salespersons may represent the buyer and seller respectively, they both work under the same broker who now represents both buyer and seller. But it is legal in California to be a dual agent. It has been so since way back. An agent that represents both buyer and seller acts in the capacity of a fiduciary to both. A buyer wants to get the best home at the lowest price possible and a seller on the other hand wants the highest price for his home.
Unlike a listing agent, a buyer's agent has no binding contract with the buyer. So if you are not happy with your agent, you are not bound by any contract to stay with him or her. The only exception is when you've already opened an escrow with this agent and he or she now stands to receive a commission from her efforts at which point it may be too late to terminate his or her services and go with another agent. Just something to keep in mind of.
It is not unreasonable. You need to sit down and have a conversation with your agent. Showing the office listings may not be a conflict of interest, however sometimes some brokers pay a premium to agents who show and sell office listings. Satisfy yourself as to what is going on and act accordingly.
Fran and Mark Redding
Prudential Fox & Roach, Realtors
1010 Stony Hhill Road
Yardley, PA 19067
That is a good suggestion to sit down with your agent and pull up some homes from the MLS.
But before that ... If the agent isn't sharp enough to realize that they have only shown homes with the office's signs in the yard, then they might not deserve your business. I never reflexively recommend hiring a different agent. I give the other agent the benefit of the doubt. (It wouldn't affect me either way because I live and work in Colorado.) But, I'll make an exception in this case. If you don't believe you are working with a professional, there are plenty of other agents in San Jose. Professional to buyer: Maybe you should work with a different agent.
However, in your situation, you may just have a poor quality agent. Regardless of whether the listings are in-house or not, a good real estate agent will find you something that fits you best. If you don't feel the houses your agent is showing you is a good use of your time, find one who will.
Don't rule our your suspicions. Many agents will never show FSBO listings or those of "discount" brokerages as they may be worried about the transaction being more difficult.
But I agree with you, the agent should be more open and I would encourage you to do more of the research yourself online. Use a site like Trulia or Redfin and run your own search. Look at the pictures, the home details, drive by the houses (they almost all have addresses) and formulate your own opinion. Then let your agent know which ones you'd like to see inside.
So if I understand your question properly, I think it's time to ask her directly or start looking for a new agent.