1,703,411
I'd be happy to write the offers. We have to sign multiple representation disclosure regardless if we have other clients or not.
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Michael Jacobs
Pasadena, CA
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Ron and Alexandra Seigel
Carpinteria, CA
5,023,464
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.
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Kathleen Daniels, Prob...
San Jose, CA
864,763
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.
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Michael Jacobs
Pasadena, CA
5,775,189
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?
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Patricia Kennedy
Washington, DC
2,795,195
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.
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Patricia Kennedy
Washington, DC
5,775,113
Patricia,
Both Susan Emo and Inna Ivchenko answered it. A
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Inna Ivchenko
Encino, CA
5,660,015
I would refer one client to another agent and write an offer for one.
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Patricia Kennedy
Washington, DC
825,225
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!
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Patricia Kennedy
Washington, DC
3,986,589
7,163,243
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.
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Sheri Sperry - MCNE®
Sedona, AZ
25,660
Disclose the situation to the buyers. Just can't say details about the offer.
6,385,230
Our Buyer Agency states we may show a property to competing buyers, no disclosure needed.
1,587,785
Disclose, disclose, disclose then write 'em up! Our contracts come with a "Possible representation of more than one buyer or seller" form built in.
3,387,946
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.
1,130,124
1,157,857
It is allowed in my jurisdiction and such disclosure is included in the standard forms.
3,554,399
509,499
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.
1,957,822
In my state, I would feel more comfortable in having my broker represent and present the offer of the second potential buyer.
5,589,875
write them up and deliver them.... you represent both buyer clients.... and confidentiality is of the utmost importance....
5,633,571
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
1,466,272
Patricia Kennedy Advise the client and present them in the order written.
1,792,594
921,504
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.
1,035,463
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
5,278,026
5,938,913
4,434,327
955,185
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.
3,077,027
4,273,437
2,236,226
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.
2,768,957
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.
1,713,681
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.
5,908,248
One of them would have to go to another agent and would submt an Offer for the one that I represented.
