Home Buying in Dallas County>Question Details

George, Home Buyer in Dallas County, TX

Is It A Normal Procedure ?

Asked by George, Dallas County, TX Sat Jan 31, 2009

Two Agents Have been sending a link to Gateway of properties by email to me , I havent signed any contract or commited to either. Interestingly most of the properties are different . I have gone house visiting with one of them . I plan to buy a house very soon. Is this a norm ? I guess my question is , Is this a normal thing in the home buying process ?

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Answers

5
Yes....but my advice is to pick one and let the other off the hook.
If you are getting different properties from one vs another, then ask the one you like best to modify the search.
They could open it up so you get all the properties in a certain price range or neighborhood.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Tue Feb 3, 2009
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
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Yes, it is appropriate and normal for an agent with whom you have discussed purchasing a home and especially with one who has shown you homes to send you a "client portal" to the MLS which will give you the opportunity to search homes with your qualifications. As an earlier responders said, each is trying to earn your business.

Texas has the benefit of allowing and encouraging buyer's representation by establishing a special buyer's agency between the agent and the buyer. This representation is by means of a contract entered into between an agent and a buyer. Usually it is an exclusive agreement between the two parties. You will also receive a form called Information about Brokerage Services which attempts to explain the concept of "agency" on your first substantive contact with an agent. (A good buyer's agent will explain all of these terms and concepts to you.)

If you do not enter into a buyer's agency agreement with one realtor, any realtor with whom you are working is actually representing the seller and the seller's interests. Your buyer's agent will represent you only and not the seller.

Under normal circumstances in Texas, the seller pays the real estate commissions for both the listing agent and the buyer's agent in a transaction as part of their closing costs; however, this item is negotiable.

Buyer's representation is relatively new in the real estate business although it has been around for at least a decade in Texas. It's a good deal, and it protects your interests.
0 votes Thank Flag Link Sun Feb 1, 2009
George,
Yes , thisis norm, both are trying to show you what they think you are intereted in and that they are thinking f you and will be a good agent for you. You are under no obligation but they hope you will call to view and like them and sign up for their services.
Margaret
0 votes Thank Flag Link Sun Feb 1, 2009
George,

This is normal and as long as you don't sign a special agreement you can work with and buy property from any agent you choose. Many buyers looking in several locations will work with a different agent for each area because they are seekiing the highest level of expertise.

Our recommendation is that you be honest and up front with the agents, explaining that you are working with other agents as well as them. This will certainly be appreciated.
0 votes Thank Flag Link Sun Feb 1, 2009
Have you asked either of these agents to help you in the home buying process? Did either of them explain Agency to you? The one who showed you houses is fulfilling at least one function of Buyer's Agency. Your agent has a fiduciary obligation to protect and promote your best interests. Buyer's Agency was created in the early 90's to provide buyers of real estate the same professional representation accorded to sellers. Consumer Advocacy groups fought very hard to get this passed. It is normal for members of the general public to have many misconceptions and confusing perceptions of the real estate industry. Educating people is part of our function.
Web Reference: http://www.MariaMorton.com
0 votes Thank Flag Link Sat Jan 31, 2009
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