Wanda Kubat-Nerdin - Wanda Can!, So Utah Residential, Referral & Relocation REALTOR (Red Rock Real Estate)

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Rainmaker
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

MANY of those management agreements have an automatic clause in them that provides for them to get the listing if owner sells during the term of the agreement - with a protection clause.  So Catch-22. You need to find out, property manager may not tell you, and owner can't be contacted.
You could be sneaky and ask the management co. for a copy of their management agreement - many have samples online - to see if they have such a provision. Some have provisions that assure a commission if the owner sells to the tenant. That, I understand.

May 12, 2016 04:58 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

It may be a good idea to contact the Management company first.

May 12, 2016 04:42 AM
Rainmaker
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Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

The code of ethics allows an agent to call a seller or owner to offer a different service than the one that they are already getting.  They are renting the property, not selling.

I could call them and ask if they want to buy a house and you could call them and ask them if they want to sell. 

But I agree with Candice A. Donofrio the management company probably already have that covered in their agreement.

Eve

May 12, 2016 05:55 AM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Wanda,

Most property management companies here in our area, take on these listings either to sell them eventually or they recommend an agent friend who will get them a referral fee at the close.  Sometimes, in Napa agents have a rental section and have someone manage that.  So check how it works in your neck of the woods.  A

May 12, 2016 04:37 AM
Rainmaker
916,073
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Honestly, I don't even look at rentals for listings - I work with too many mgmt companies to step on their toes.

May 12, 2016 09:50 PM
Rainmaker
581,071
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

No listing contract, no breach of ethics if asking for the business. And if there is a clause in a management contract as to INTENT, how would the world know? So how can you breach ethics?

May 12, 2016 03:03 PM
Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

If  a home listed for sale, would it be ok for a property manager calling the seller and ask them if the want to rent the property.  Is that unethical?

May 12, 2016 10:15 AM
Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

No it's a different type of real estate service .

May 12, 2016 07:14 AM
Rainmaker
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

That's an interesting question, Wanda. Here if it's advertised as a rental through mls, it's got to have a rental listing agreement, regardless of who is offering the property. So then you really can't approach the owners.

May 12, 2016 06:27 AM
Rainmaker
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

What does your normal listing agreement say? Ours here always gives an option for both. I would contact the mgmt co. 

May 12, 2016 06:26 AM
Rainmaker
573,481
Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

I don't think it would be a good idea. Most property management companies provide for that service.

May 12, 2016 06:16 AM
Rainmaker
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Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

They may be an agent also doing property management and the real owners amy be on the do not call list.

Having done some research to see how long they owned it they might be ready for a 1031! So a mailing would be in order.

May 12, 2016 05:30 AM
Rainmaker
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Unethical?

Meaning having to do with the principles of morals or morality.

I think NOT!

May 12, 2016 05:10 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't think so.

May 12, 2016 04:34 AM
Rainmaker
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I don't see why not.

May 13, 2016 07:01 AM
Rainmaker
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I think it would likely be unethical for the reasons outlined here - Good luck

May 12, 2016 11:06 PM
Rainmaker
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

parked and reading

May 12, 2016 11:03 PM
Rainmaker
6,547,311
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I would not make that contact.

May 12, 2016 10:41 PM
Rainmaker
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Susan Laxson CRS
Premier Sotheby's International Realty - Naples, FL
The Michelle Thomas Team

Good question! Which brings to mind the question, "If a property is listed for sale, can you call the sellers to see if they would rent it?"

May 12, 2016 09:35 PM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I would think it is unethical.

May 12, 2016 09:26 PM
Rainer
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Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

Its not unethical, but you will not make friends.

May 12, 2016 07:03 PM
Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Wanda. I would not contact them directly, legal or not.

May 12, 2016 06:41 PM
Rainmaker
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Robert May
Robert W May - Lethbridge Real Estate - Lethbridge, AB
Real estate consulting

i think its unethical if you use the rental companies list as a prospect list, but if it was a random contact then i see no problem.

May 12, 2016 04:39 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Wanda Kubat-Nerdin I don't find any reason why it should be considered unethical.

Good Luck.

May 12, 2016 04:05 PM
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Mimi Foster
Falcon Property Solutions - Colorado Springs, CO
Voted Colorado Springs Best Realtor

What a great question, and I love all the differing answers!

May 12, 2016 01:21 PM
Rainer
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Melissa Jackson
Century 21 Alliance Properties - Azle, TX
Helping You Make The Right Move

Our contracts cover this and we would sell the property if the owner wanted to.  If you have a buyer that wants that home I would contact the owner and find out the situation.  Your allowed to contact the homeowner offering a different service. 

May 12, 2016 01:08 PM
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

It is permissable under the Code of Ethics to offer other services but be careful you are not interfering with a standing contract and encouraging a person to breach.

May 12, 2016 12:57 PM
Rainmaker
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Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Good question for CAR attorney. I don't see it as an issue as you are offering the sellers a different service.

May 12, 2016 12:46 PM
Rainmaker
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FN LN
Toronto, ON

What are the laws, regulations and rules in your jurisdiction?

May 12, 2016 12:42 PM
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

I have no idea!  I'd maybe go through the property manager, especially if he or she is also a licenced real estate agent.

May 12, 2016 12:18 PM
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Why they want to sell it if it is already rented? If this is rental is mls listing watch out...... Your reputation, license is at stake.

May 12, 2016 11:26 AM
Rainmaker
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Yes, I would think so.  You can't offer another agents client services offered by another agent.  Although the other agent is managing the property, not selling it...I don't think I would try it.

May 12, 2016 11:19 AM
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Wanda Kubat-Nerdin Candice A. Donofrio and Mike & Eve Alexander have the answer.

May 12, 2016 09:54 AM
Rainmaker
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Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Real estate is local and varies from state to state. I'd do what A suggests and check how it works in your neck of the woods.

May 12, 2016 09:18 AM
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

No.

May 12, 2016 09:14 AM
Rainmaker
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I dont think so...Upon reading your question, I wouldnt like it but how could you stop it?

May 12, 2016 07:50 AM
Rainer
230,924
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

never wud it be. they are offering it as one thing. you are inquiring as another...if the mgrs have a RE lic then you will likely be splitting something.. 

May 12, 2016 07:41 AM
Rainmaker
4,000,866
Richard Weeks
Dallas, TX
REALTOR®, Broker

No. If you called them and asked to be their property managerj then yes.

May 12, 2016 06:51 AM
Rainmaker
846,260
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

It's allowable here. One agent can be listing property for rent, and a different agent can be listing it for sale.

May 12, 2016 06:24 AM
Rainmaker
731,371
Tamra Lee Ulmer
Arizona Resource Realty - Payson, AZ
NRBA ~FORCE~ Over 1000 REO Assets SOLD!

It would only be right to 1st talk to the Property Management Company. Unless the Agent did not know it was already advertised as a Rental of course.

May 12, 2016 05:38 AM
Rainmaker
4,888,469
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We had a rental offered through my office, and it was perfect for my buyer.  I called the agent, and yes indeed the seller DID want to sell.  It was a Win Win for both buyer and seller.

May 15, 2016 01:20 AM