Subscribe to Answers
Debbie Reynolds our relationship is based on the trust. If the buyer can't trust you, there is no reason for you to work with this buyer.
In fact, I make it clear at our first meeting that I will be your exclusive buyer's agent. If you like someone else or more than one agent, you are free to do so - I will not be their agent right from day one!
Again - it boils down to TRUST!
Debbie, it sort of depends. If I feel like any trust issue they have with me means they are likely to be fundamentally untrustworthy.
Debbie, I worked with a buyer for a long time, and we were friends before I ever started dealing in real estate with him. At first things were fine, but he was not getting any deals because he was lowballing already low-priced condos. He thought it was my fault for not getting the offers signed, but every time we were beat out by higher offers. Then he started telling me that he wanted to talk directly with the listing agent in this one complex because he felt he could get more information from them. He thought that the listing agent was so knowledgeable about the complex that he thought he would get a better deal by working directly with him. Eventually, even though I had a buyer-broker agreement, he went behind my back. I told him that he would not get a better deal by working with the listing agent because they are representing the seller, but he didn't believe me. He told me that he could just pay the listing agent under the table to accept his offer over higher offers because that is the way business is done in the corporate world. Things got ugly after that, because that is not the way I have ever done business, and this actually ended our friendship. By the way, this person was very high up in the business world, making millions, flying all over the world, and negotiating multi-million dollar deals with Home Depot, Lowe's, etc. As soon as I heard him say he was going to pay the listing agent under the table, I ran! So to answer your question, I would say no, I would not work with a buyer who says he wants to speak with the listing agent to get the real truth about the listings. Obviously they do not trust you for some reason.
Some clients want to be in charge and they do try to call a listing agent, even to a seller behind your back. If I'm an agent who received such call, I'd always inform a selling agent about it.
I would try to talk him out of that, if he or they do not trust that I am doing my job I would let them go their own way.
If this buyer will use you to make the purchase, why not. Though it sounds like he/she may not be a very loyal one.
Some people are like that, and given that he has signed the agreement, it looks like you are safe...but I am wary of someone who does that.
That sounds like someone who won't be loyal or truthful with you, Debbie. I wouldn't waste my time, but then again I am not a realtor! LOL!
I would be leary, I have worked with a bold person before, they had a bad habit of insulting the listing agents on the phone, I did not know until the listing agent called me who had worked with me prior told me to get my client under control.
I would have a serious discussion about the contract I have with the client and what this means, as well as the relationship the listing agent has with the seller, etc. And the buyer calling the seller might get the agent in trouble since it likely would be an enthics violation for interfering with the contractual relationship the listing agent has with the seller.
Somewhere along the line Debbie Reynolds this Buyer must have been burned. You should have enough "real" truths in your arsenal to earn their trust if this is the path they wish to take. Typical questions like how much they paid, how old is the roof or how long the home has been on the market have readily available answers. Arm them and let them be on their way. If a listing associate fudges with these facts you just might win the trust back. A skeptical Buyer can educate even the most savvy associate!
The answer is NO. I would be documenting a termination of service notice.
Probably not. If there's no trust in a relationship it's not worth the hassle.
No, I wouldn't as there appears to be a trust issue there. Plus, the person may inadvertantly say too much to hurt negotiations.
Doesn't he realize that with a signed Buyers Agreement, you are representing his best interests???
Remind him that the listing agent is more than likely working as the seller's agent, and you are there to represent his best interest. I'm sure you've already done that. I guess I would have a serious heart to heart with him.
Before you know he wills strike a deal or listing agent will hint he gets a better deal. The buyer agents will be history.
If I thought that he really didn't trust me I'd walk.