- Do all Realtors have access to the same listings?
- Do I need a real estate agent if I know what house I want?
- Is it better to buy a house from the listing agent?
- Do I have to use the Realtor that showed me the house?
- Why do Realtors not want buyers and sellers to meet?
- How do I let my realtor go?
- Can buyers and sellers talk to each other?
- What is the difference between a real estate agent and a Realtor?
- Is it OK to have multiple real estate agents?
- Can you bypass real estate agent?
- What if your realtor is also the listing agent?
- Can I fire my realtor if I signed a contract?
- Can a Realtor refuse to show a house?
- Do I have to pay a realtor if I don’t buy a house?
- Why do real estate agents quit?
- Can a Realtor lie about other offers?
- Can a seller walk away from closing?
Any licensed real estate agent can show any home listed for sale in the Multiple Listing Service (MLS).
Real estate agents get paid their commission if they are considered the procuring cause of the sale.
Erroneously, many agents think simply showing a home entitles them to be deemed the procuring cause in a sale.
Do all Realtors have access to the same listings?
Yes, realtors generally have access to more listings than are publically available. As part of their MLS membership, realtors can see off-market data, such as sold listings, going back five years or more, and expired listings. A realtor works to match homebuyers with available listings.
Do I need a real estate agent if I know what house I want?
First, you are never required to hire a real estate agent to represent you if you don’t want one. Yes, you can contact the sellers agent and have them write your offer for you, and present it to the seller. Second, having one less agent in the process does NOT necessarily mean more money for the seller.
Is it better to buy a house from the listing agent?
Many buyers think they will get a better deal on a home if they work directly with the listing agent. They believe a listing agent will reduce the commission if he or she doesn’t have to share it with a buyer’s agent, thus lowering the price. Working with the listing agent could easily cost you money.
Do I have to use the Realtor that showed me the house?
Agents do not work for free. You might ask, “Isn’t that the job—to show their listings?” Yes, an agent is obligated to show client’s homes, but if you are working with another agent, typically your agent will show you the home.
Why do Realtors not want buyers and sellers to meet?
That’s because most agents have seen what can go wrong when buyers and sellers meet directly. One of the main reasons sellers list their homes with a real estate agent is because they don’t want to deal directly with the buyers. They want their real estate agent to act as the intermediary.
How do I let my realtor go?
Here are four tips to tactfully part ways with your agent.
- Assess the relationship.
- Say goodbye in writing.
- Beware of contracts and clauses.
- When you change real estate agents, be professional.
Can buyers and sellers talk to each other?
Buyer and Seller and Ethics
That’s why a seller should communicate through his listing agent, and the buyer should communicate through his buyer’s agent. As a general rule it certainly is not a good idea for a buyer and seller to talk directly with each other during negotiations.
What is the difference between a real estate agent and a Realtor?
To summarize a real estate agent vs Realtor, a real estate agent is a real estate professional with a valid license. Agents help people buy and sell both commercial and residential properties. Agents can also become Realtors, who are active and paying members of the National Association of Realtors (NAR).
Is it OK to have multiple real estate agents?
The short answer is yes, you can work with multiple real estate agents—under certain circumstances. Working with more than one real estate agent is fine when you haven’t signed an exclusive agreement with anyone, says Adam Aguilar, a Realtor® with Reliantra in West Toluca Lake, CA.
Can you bypass real estate agent?
That said, however, estate agents are required to show any offers promptly and in writing to the person selling the property. Agents are also legally obliged to pass on any offers for the property right until contracts are signed. So no, you can’t bypass the agent.
What if your realtor is also the listing agent?
In your situation, your real estate agent is the listing agent and is also your buyer’s agent. In this case, your agent is considered to be a dual agent; and because an agent can’t hold a fiduciary duty to you and the seller in the same transaction, your agent’s role in the transaction is diminished.
Can I fire my realtor if I signed a contract?
A: Yes, you can terminate the contract with your realtor. The terms by which the termination can be made should be spelled out in the contract. Most listing agreements however provide for the payment of commission if the seller terminates the agreement early or otherwise blocks or prohibits the sale of the property.
Can a Realtor refuse to show a house?
This is fairly normal for a Realtor. You would be surprised at the amount of “buyers” that will look at 6 or 8 houses just to dream when there is no way could buy. The Realtor has no obligation to show properties to a unqualified buyer.
Do I have to pay a realtor if I don’t buy a house?
A: Typically you owe nothing to the Realtor and they usually cannot charge you anything as well. There are laws against what is called “advance fees” in the business. A: There are only very specific circumstances where a Realtor pursue you to have their commission paid.
Why do real estate agents quit?
Another major reason people quit real estate is because they expect big profits with very little knowledge. The real problem is lack of education. People make mistakes or are unable to execute a deal, because they do not know what they are doing.
Can a Realtor lie about other offers?
As everyone else has said, yes they can lie about other offers but if you have an escalation clause that is being used, they need to present the other offer if requested.
Can a seller walk away from closing?
Yes, a buyer can back out of a sales contract before closing — but what are the consequences. If the buyer backs out, they may have to forfeit part or all of this money, depending on the terms of the original sales agreement, including contingencies in which the buyer can walk away.