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.,  in Los Angeles, CA

Can a Realtor represent more than one buyer on the buy side of a transaction?

Asked by ., Los Angeles, CA Sun Jan 18, 2009

Able and Johnson both want the home and approach the same REALTOR

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Yes and we go over that possibility with discloser forms with all clients. Full disclosure with all parties involved is the best way to handle it. I abide by strict code of ethics and would never divulge another client’s financial situation. When there are multiple offers being presented, I advise my client(s) of the situation and to put forth their best offer they are comfortable with.
0 votes Thank Flag Link Fri Feb 27, 2009
What about conflict of interest? I understand giving the first responder a time limit before presenting the property to another client, but if you notify all of your clients of the same property and you put them into a bidding war against one another, doesn't that present a conflict of interest for you as a realtor....particularly knowing the limits of each buyer?

I can only presume that the realtor has a moral and legal duty to notify each client that he/she is representing that he/she is representing more than one person for the same home. .....?
0 votes Thank Flag Link Fri Feb 27, 2009
Yes - absolutely. We have CAR forms to disclose it to all buyers.
0 votes Thank Flag Link Sun Jan 18, 2009
Sure they can not all buyers can qualify OR provide 1st buyer right of refusal, I do so with my investors if I locate foreclosures below market value I know from my list of clients I could have more than one, I provide 1st investor/buyer 7 days to refuse the property. I state that up front. People can drag their feet,
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Sun Jan 18, 2009
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