You asked another question about a NJ property. Does this question pertain to NJ? If so, we have here the automatic attorney review period for residential contracts when real estate licensees complete the standard real estate contract forms. In NJ, a contract is not binding until the conclusion of attorney reveiw or the time allowed for attorney review expires. During attorney review, some sellers choose to show property and others determine they will cease showing their property. The seller decides this.
If there is a verbal agreement, it could also mean that a written offer was delivered, followed by verbal counteroffers, and the actual final contract has not been intialed with all the changes, even though the parties reached agreement.
Few Realtors in this area are willing to present a verbal offer, let alone come to agreement without a written offer. We are not obligated to present verbal offers (we are obligated to present written offers), and many agents decline to do so.
The seller is not obligated to sell to a buyer when only a verbal agreement has been reached. In fact, in New Jersey, even after signing of both buyer and seller, the contract can be voided by an attorney during the review period. Some sellers will continue to show; others not. Some sellers show for back-up only; other sellers shop the offer, using the agreement in hand as a negotiating tool.
The Realtor who explained it has a verbal agreement is simply providing full disclosure. You might want to ask if the purpose for showing is back up only or if the seller will seriously consider accepting your offer, if you made one, in lieu of the one in hand that is not signed.