What if listing agent works in same office as buyers agent?

Asked by Chrystallamb, Angleton, TX Mon Oct 8, 2012

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Chrystallamb, Home Buyer, Angleton, TX
Tue Oct 9, 2012
my question is do they share info with each other. meaning seller agent knows how low seller will go and buying agent knows how high buyer is willing to go. and buying agent wants us to put in a higher bid to get higher commission. am i just being paronoid
0 votes
Don Groff, Agent, Austin, TX
Tue Oct 9, 2012
Should not be an issue at all. Many offices have hundreds of agents. You would be in an intermediary situation as the same broker would be representing sides of the transaction. In a typical transaction the broker does not even get involved so there is really no conflict of interest. Now the same agent representing you and the buyer would be more problematic. While that is allowed in Texas I don't really think that is a good situation for the parties involved.

It's impossible for me to represent my clients best interests when representing the person on the other end of a transaction. While this does not happen very often it does happen occasionally. I will typically get another agent involved to help one party in the negotiation process to ensure that both parties receive the best representation possible. This is very different form your situation though.

_______________________________________
Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
listings@dongroff.com | http://www.AustinListed.com
0 votes
Bruce Lynn, Agent, Coppell, TX
Mon Oct 8, 2012
It happens. You have a choice. I would think in most cases it is not a big deal. You will be asked to sign an intermediary agreement that says the parent broker is assisting or representing both sides of the transaction. Chances are the listing agent does not know you, and the buyer's agent does not know the seller. The agents may not even really know each other. However you can ask all these questions to make you feel more comfortable. If you don't like the answers, we can help you or ask your agent for a referral to another broker so that you are not in intermediary.
0 votes
Dallas Texas, Agent, Dallas, TN
Mon Oct 8, 2012
I am sure there should not be any problems.

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