How are you? I hope you're doing well.
If you're working exclusively with a real estate agent to show you properties all you have to do is let the sellers agent know. If for some reason you go to see a property without your agent, be sure to hand the sellers agent her business card when you 1st meet them. Disclosing that up front will avoid any issues. Ask the sellers agent to contact your agent for further communications and/or negotiations.
If you're talking about a listing here in NYC, we're accustomed to co-brokering a property with another real estate professional so that shouldn't be a problem.
I wish you all the best in your search for a new home :-)
Licensed Real Estate Broker
Gorick Realty, Inc.
View listings at http://www.gorickrealty.com
"Home is where the heart is."
If you're looking at rentals on the upper east side of Manhattan then you probably signed a representation agreement to pay your agent a commission. An "open" listing can mean a lot of things. It could me the agent who has the open listing could show and rent the apartment, but has to collect the commission from the tenant. Not perfectly clear on your situation without all the details. Worst case scenario is you would have to pay a commission to both the agent with the open listing as well as your agent. Just for example only as all commissions are negotiable. Rent=$3,000 per month, $36,000 per year. 15% of annual rent as commission = $5,400. If you have to pay both agents in the worst case it could cost you $10,800 for this hypothetical apartment.
These things work very differently in different parts of the country. In most areas of the country the owner of the apartment pays the agents fee. In Manhattan the tenant pays their agents fee. The reason for this is because they can. Apartments in NYC are very competitive. Make sure your expectations are reasonable of you are going to be very disappointed.
Donald A Mituzas
Licensed Associate Broker
Douglas Elliman Real Estate
I would suggest letting the listing agent know you are already working with a Realtor when you tour through the open house. This also keeps the listing agent from trying to solicit your business. And I would also let your Realtor know the open homes you have seen so he/she is up to speed.
Best of luck to you and happy house hunting.
(Recently featured on HGTV's show House Hunters)
Re/Max Parkside Real Estate
As long as you have signed the appropriate paperwork from your agent, specifically saying that you have agreed to pay a commission and the locations at which the commission applies to, you shouldn't feel that your agent will not be getting their commission. Take note that often some open firms may contact you directly because they may feel that you'd sign for their apartment if you didn't have to pay a broker's fee. Other than that, your agent should be well protected!