If you are looking within the same area or very close to the same area, then using multiple agents could get confusing or down right ugly. All the agents should have access to the same information. It's likely that you will receive the same listings and advice from several agents and would then have to decide which one to work with.
What you should do is interview several agents and find an agent you feel comfortable with and work with that agent. It could save you a headache later.
Either way, as long as the agents agree to allow those circumstances to occur, it can be done, and can be done contractually. Yes, you can have multiple agents searching for properties (although as Cindi suggests... make sure to be "upfront" with them, so they know where they stand... will they share the commission, or are they competing to see which one finds the "winning" house for you?...
If you're looking for a stronger negotiation... maybe you want to avail yourself of one of those agents who presents him/herself as a "team"... that might make you feel more strongly represented.
When a buyer finds themselves in a situation in which the use of multiple agents is essential, it's always best to make the parties involved aware of these plans so there is no overlapping or duplication of services.
However, if the use of more than one agent from an area is being used just for the heck of it, you'll likely see a decrease in effort and sincerity when the agents involved find out on their own.
All of us in the real estate industry have faced this situation at one time or another. It's only fair to let the agents decide if they will work with you knowing you have other agents "on the side". Most real estate agents take their careers seriously and are only compensated when you close on a home. When you use more than one agent, it reduces the chance of being compensated for time and money spent finding you a home.
Good luck and I hope you are able to make a decision using only one agent to help you.
If you need multiple realtors to look at different areas for you, I hope you are upfront with them that you have multiple realtors. Another idea would be to choose one realtor who knows the multiple areas you're considering, since theoretically it would be helpful to have a professional help you choose among those areas.
If you feel the realtors you're working with are not adequate, then you are working with the wrong ones.
Lastly, quite frankly, realtors expend great amounts of time and resources-- which cost real, actual money-- in order to help you, and they are only compensated upon the closing of your transaction. Realtors, like all of us, have families depending on them. I personally would think long and hard before tying them up for something that will ony cost them. If they are dedicating their time to you, then they are not dedicating their time to someone who will be a little more respectful of their time and resources.
A good reason to do this might be if you are looking in a big city and two different realtors have expertise in different parts of the city you might consider. For example in San Francisco you might use one Realtor for Marin county and a different one for South Bay. There could be some that work both areas and know both areas. You might use a 3rd if you were looking in East Bay.
If this is your case you could sign buyer's representation agreements for specific areas, counties, cities, etc. I would advise each as to what the other is doing for you exactly.
If you do not enter into an exclusive buyer agency agreement, then you're free to do as you choose.
Americorp Real Estate
Brokers Associate, e-PRO
Some agents will discount if you're going to use them for two transactions. The only reason to change is if you are dissatisfied with your listing agent. If you are happy then you gain nothing by switching. Just remember it is wise to have a contractual exclusive agreement with your Realtor (A licensed Realtor adheres to a strict code of ethics) this benefits you both in the long run. The Realtor gets paid , they EARN their fee, you have rights as to their performance and confidentiality, in compensation. A good Realtor is worth every cent. If you're moving out of town, then they can also refer you to another reputable Realtor.
Please feel free to contact me and browse my website for further information without any obligation: http://www.agoodehome.com - Good Luck!
I represent buyers in Dallas Fort Worth area I have resided in area since 1981 been in business for 20 years not part of this entire community I don't know about
You most likely have a great idea area you want to move to. why is your listing agent not representing you for next purchase?
Never purchase a home w/o a Realtor being involved.
National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
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If you can put your faith into one Realtor and sign a contractual agreement (Buyer's Representation Agreement), they will work hard for you. If you can't make that commitment, that Realtor shouldn't be expected to make the same commitment to you. As Realtors, we don't earn a dime until a deal closes, so expending time and energy into a client that is working with multiple Realtors--in most cases--just doesn't make sense for us.
Good luck and let me know if I can be of further assistance.
Now will many agents want that, probably not.
You have to look at it this way. Even if you compensated say all 3 agents. If they have to all split the commission then split it back with their broker. It is almost nothing at the end of the day.
Yes, it's always wise to have an agent represent you when purchasing a home. We have the skills to negotiate for the best terms/price for our clients. We also can do the research to make sure you aren't overpaying, etc. The other answers are correct when they say that you shouldn't enter into a buyer's representation agreement with multiple agents. Doing so would leave you holding the commission for one or more agents. We all have access to the very same information. I personally will not work with buyers who have multiple agents out their on a wild goose chase. We work hard for our paychecks and it's best to be up front and honest with all parties concerned. Good Luck!