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No issue at all. We sign Multiple Representation Agreements all the time. It is not the Realtor's decision as to how much to offer or what conditions to include. We provide the information and what the client does with the info is entirely up to them. If you are a person who cannot respect confidentiality than, Yes should refer it out!
Warner Robins, GA
San Jose, CA
Sandy Padula and Norm...
Ron and Alexandra Seigel
I'd be happy to write the offers. We have to sign multiple representation disclosure regardless if we have other clients or not.
Ron and Alexandra Seigel
As Inna Ivchenko answered we use a particular disclosure that addresses this issue regardless of client representation in California. With client approval, I'd write them up.
San Jose, CA
Disclose, disclose and disclose. CA has a form that informs buyer that there is a possibility that you might be working with different buyers for the same property.
I've never had this happen as I try not to show the same properties to different clients... otherwise how am I representing each of their sole best interests?
This almost happened to me once, but the second person changed their mind about putting in an offer. At the time, I was going to submit the first offer that came through and I was going to refer the second buyer to another agent.
Both Susan Emo and Inna Ivchenko answered it. A
I would refer one client to another agent and write an offer for one.
There is such a conflict of interest in representing two people on the same purchase. Work with one and refer the other to a trusted colleague - for a good fee!
I write both offers, but I disclose that fact
Disclose to your clients, keep quiet and write up the offers. But it may be better and safer to refer one or both of them to other agents.
Sheri Sperry - MCNE®
Disclose the situation to the buyers. Just can't say details about the offer.
Our Buyer Agency states we may show a property to competing buyers, no disclosure needed.
Disclose, disclose, disclose then write 'em up! Our contracts come with a "Possible representation of more than one buyer or seller" form built in.
I almost had this situatoin. In the event the second buyer was going to make an offer, I was going to refer them to another agent. You could unintentionally given an advantage to one buyer or another without even realizing it. Too sticky with too much potential for misunderstandings if one buyer wins and another loses.
Put in their offers, and may the best one win
It is allowed in my jurisdiction and such disclosure is included in the standard forms.
I am with Susan Emo and Michael Jacobs on this.
I could advise both of what's happening and make the offers, though I would prefer to refer one to another agent.
I just tell them to submit best and highest since seller may receive multiple offers. Mutiple offers are very common here in DFW. I just heard from a friend that his friend's offer is one of 83.
In my state, I would feel more comfortable in having my broker represent and present the offer of the second potential buyer.
write them up and deliver them.... you represent both buyer clients.... and confidentiality is of the utmost importance....
If I was a buyers agent for both of them I would write both up and let them say what price they want to offer. I would tell them you know of another offer from one of your people
Patricia Kennedy Advise the client and present them in the order written.
As Susan Emo wrote
Although it is common practice for the agent to proceed with proper disclosure, it has been my experience that the loser will not be so easy to let it go. An agent should be aware of the residual of proceeding.
The loser will be perpetually asking him/herself, "Does my agent really have my back?"
I would refer one client for this specific transaction.
I feel this is similar to taking a listing then when the listing agents finds the buyer, changing the agreement with the seller.
Happens to me more often than you might think with condos - I submit both orders and disclose that I wrote one - of course I an not permitted to disclose the amount of the offer.
I also asure them if they don't get there are plenty more out there we will work on getting for them
I would show them when that is addressed in our buyers rep agreement.
Disclose the situation and write both for presentation!
I have had this hapen with Hud homes. Disclose to both buyers.
Each offer will most likely be different ( terms, lender, contingencies, closing date, etc), so prepare and submit both offers. Could be that neither gets accepted.
Susan Emo and Inna Ivchenko nailed this one!
I think Susan Emo's ideas idea is interesting....
I've had this happen. I let both buyers know I had another buyer that was submitting an offer through me. It was a bank owned house. I also had the listing side. As it turns out one buyer submitted such a low offer, it wasn't even considered by the bank.
This clause if from Florida Realtors form, "Exclusive Buyer Brokerage Agreement, Single Agent"
(b) Other Buyers. Buyer understands that Broker may work with other prospective buyers who want to acquire the same property as Buyer. If Broker submits offers by competing buyers, Broker will notify Buyer that a competing offer has been made, but will not disclose any of the offer's material terms or conditions. Buyer agrees that Broker may make competing buyers aware of the existence of any offer Buyer makes, so long as Broker does not reveal any material terms or conditions of the offer without Buyer's prior written consent.
We can do that in Oklahoma as transactional brokers but would allow one of them to go with someone else. Usually I won't do this.
Submit the offers.
One of them would have to go to another agent and would submt an Offer for the one that I represented.