5,104,806
I don't totally understand your question. Is this person not willing to sign a buyer agency with you regardless of of his status as a Realtor? If not, from that perspective you owe him nothing.
But... that being said, if this is your listing, then your primary focus should be on getting the home sold for your clients, who are the sellers. You'll be paid that way and you are not working "for free." You have to decide what is more important--double ending this transaction or getting the home sold.
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Dorie Dillard Austin TX
Austin, TX
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Melissa Jackson REALTOR
Azle, TX
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Eve Alexander
Tampa, FL
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Inna Ivchenko
Encino, CA
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Ron and Alexandra Seigel
Carpinteria, CA
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Richard Weeks
Dallas, TX
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Michael Jacobs
Pasadena, CA
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Kathleen Daniels, Prob...
San Jose, CA
3,344,906
In my world full disclosure up front is best practice. I don't have all the facts here - we rarely do in life before we tend to snap to judgment. While I believe in full disclosure and honestly, many people feel that they won't get what they want if they are full on honest up front.
Your job is to work for the seller and get the property sold.
My concern is doing so working with someone we already know is willing to be dishonest and carry a hidden agenda.
If it were me I would lay it all out for the Newbie agent and then let the SELLER decide how they want to proceed. Maybe the seller does not care if you double end the listing. The seller may only care that their home is sold.
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Debe Maxwell, CRS
Charlotte, NC
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Eve Alexander
Tampa, FL
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Inna Ivchenko
Encino, CA
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Lyn Sims
Schaumburg, IL
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
1,052,056
This is an extreme pet peeve of mine. He did not identify himself as an agent, and now he wants you to do his job. Kasey's answer was perfect--we determined price by looking at comps. If you look you're going to find the same ones. I really would not want to represent this agent or be a dual agent in a situation like this.
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Kasey & John Boles
Boise, ID
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
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Candice A. Donofrio
Fort Mohave, AZ
5,048,708
If he is not willing to sign an agreement to have you represent him as the listing agent you should not be providing him with comps since your responsibility is to your seller client. And even as a dual agent you can't advise him on an offer anyhow. You will get paid as the listing agent if you sell the property.
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Melissa Jackson REALTOR
Azle, TX
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Lyn Sims
Schaumburg, IL
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Candice A. Donofrio
Fort Mohave, AZ
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Kasey & John Boles
Boise, ID
6,392,879
Hand him a buyers agreement and say "sign here".
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Tony and Suzanne Marri...
Scottsdale, AZ
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
2,071,025
You got it.
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Valeria Mola
Sunny Isles Beach, FL
1,598,452
Great answers here. I hope you got it.
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Valeria Mola
Sunny Isles Beach, FL
1,502,848
I'd avise them to use RPR or FIND to get the comps. That way you can't be accused later of steering the price. I'd also check with my association to see if they have any guest logins they can give him. We have that out here with our neighboring associations.
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Kasey & John Boles
Boise, ID
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Melissa Jackson REALTOR
Azle, TX
900,008
Is he representing himself, or working with you as his agent?
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Kasey & John Boles
Boise, ID
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Debe Maxwell, CRS
Charlotte, NC
1,622,432
Not every licensed agent represents themselves when they buy or sell. Sometimes getting the property is more important than a commission. Why you did not ask him how he wants to proceed if he decides to submit the offer?
Besides, there is nothing to do with being polite or nice, it is about being professional and respectful.
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Kasey & John Boles
Boise, ID
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Eve Alexander
Tampa, FL
1,844,171
1st off, he is obligated to tell you he is licensed ALWAYS. I'd dump the guy before both of you get into too much trouble. I can tell, you both need help from your brokers in order to proceed with this.
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Theo Shaw
Evanston, IL
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Debe Maxwell, CRS
Charlotte, NC
809,258
Is he part of your MLS? If so why can he not pull comps for himself? If not, then he can write his own offer but you don't owe him a co-op fee - at least that is how it would be in my market. Are much of the questions you answered things you would have discussed with a buyers agent anyway? We often spend time answering buyers agent questions, so that is part of our job as a listing agent. I doubt I would pull comps for him. I would tell him that I did that when we listed and that is how we came up with the list price, so there you go! His violation was not disclosing his agent status, which is a no no but maybe he just is new and made a mistake not realizing the strict rules about disclosing agent status upfront? -Kasey
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
2,684,009
Show him the comps, sell him the house.
If he fails to disclose in writing that he is a licensee, that may be a violation of your state law. If he is a Realtor (NAR member) and doesn't disclose in writing, that is a violation of COE.
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Debe Maxwell, CRS
Charlotte, NC
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Lyn Sims
Schaumburg, IL
117,135
Even iF the guy is his own agent, I would still pull up comps if he is not a member of your association. dont to a whole CMA, just pull up the recent sales in the area for him to look throuhg. 5 minutes tops.
Get him to put in an offer and get the house sold.
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
3,125,255
First and foremost your responsibility is to the seller to get the home sold. It doesn't matter who buys the home as long as they are qualified and can perform. He should have been honest with you up front instead of being a secret agent. That creates trust issues.
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
5,772,575
I think both Nina Hollander and Michael Jacobs have given a good answer. Your first and foremost duty is to the seller of your listing. Everything else does not matter. A
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
4,571,456
It's your listing, right? Do it what takes to get the best possible price and terms for your client are my thoughts. There are some red flags that you present here. So much depends on what is going on behind the scenes and there appears to be some important missing pieces in this puzzle.
Good luck to the seller.
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Debe Maxwell, CRS
Charlotte, NC
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Ron and Alexandra Seigel
Carpinteria, CA
353,865
I'd give him the comps if it sells the home. If I were a buyer, I would not rely on the lisitng agent to provide accurate info, but that's his business.
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
1,543,225
I think you handled well, I'd just tell him the same thing, "Let me dual agency the deal, give you a referral fee and I'll even have my TC do both sides for your convenience... since you are new and from a different board."
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Candice A. Donofrio
Fort Mohave, AZ
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Nina Hollander, Broker
Charlotte, NC
354,788
Sounds like you should sell your listing with a referral fee.
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Debe Maxwell, CRS
Charlotte, NC
599,274
I believe they should have disclosed their status immediately. It sounds deceitful.
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Debe Maxwell, CRS
Charlotte, NC
4,800,082
3,071,489
5,228,997
Give him the comps and complete the OTP! Sell that baby!
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John Pusa
Glendale, CA
4,160,025
35,794
I am new here in the rain. How come you have no picture and post anonymous?
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Debe Maxwell, CRS
Charlotte, NC
911,228
If he wants you to act as his buyer agent, then pull comps. If he comes up with a lowball offer, you then need to decide whether or not you want to keep working with him.
If you are also the listing agent, make sure he isn't already working with another agent, and make sure he chooses how he wants to be represented. Also, if you're the listing agent, you should have already checked comps.
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Debe Maxwell, CRS
Charlotte, NC
613,494
I just had an "out of the area" agent call me this morning for help in finding info on a property she had a buyer interested in.
My first thought was "oh hell no" and then my second thought was that she would never find the info without me, so I spent about 10 minutes digging up the info for her. She was grateful.
So, here are my comments for you...
1. Why would you offer to be a dual agent and dilute your duty to the seller? You could just not pretend to represent the buyer.
2. If the buyer did not request a co- op fee, why would you offer them a referral fee? Why not just treat them like any buyer?
You have a lot to learn...starting with: Money is not everything.
Eve
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Debe Maxwell, CRS
Charlotte, NC
3,587,835
I would not be taking this on as a dual agent with his failure to disclose his status - red flag. Tell him to find his own agent. And no I wouldn't give him any comps.
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Debe Maxwell, CRS
Charlotte, NC
5,583,278
if he's not a member of MLS, you don't need to cooperate with him.... and he certainly has no right to any information in the system....
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Debe Maxwell, CRS
Charlotte, NC
1,239,801
Talk to your broker. It is the broker who will receive the check he can advise you better. Many officers no dual agency representation is permitted.
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Debe Maxwell, CRS
Charlotte, NC
637,434
I, too, don't understand your statement "working for free". This is your listing and you will be paid your portion of the commission no matter what. I've worked with buyer/brokers in the past and I give them any information I can. In this case, you are still a "dual agent" even though he is licensed--at least that's how I would treat this transaction. For him to get paid a commission, you still need to come to an agreement since he is not a member of your association. Just for the record, I'm working on a deal like that right now, and I'm doing everything possible to make the deal. Giving out comps is not undermining your fiduciary responsibility to your seller. And, yes, I plan to share the commission in my normal way even though I'm not obligated to do so.
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Debe Maxwell, CRS
Charlotte, NC
5,215,388
Compensation and representation are not necessarily linked. Your obligation is to the seller.
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Debe Maxwell, CRS
Charlotte, NC
4,881,462
I will answer your question with a question. What is the best approach for your seller?
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Michael Jacobs
Pasadena, CA
7,834,939
If it is your listing, you should be willing to assist this buyer.
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Nina Hollander, Broker
Charlotte, NC
5,868,372
Are they writing the offer with you? If they are I would proceed and possibily give them a referral.
4,935,551
1,725,896
4,434,127
4,319,419
You work for the seller - so have the home sold! The other agent need not be represented by you.
Providing basic information is your job - not the comps, more so when you do not know who is on the other end.
3,986,258
5,005,333
Be still my heart! Nina Hollander you did it again..answered just the way I would have!
1,466,207
As others here have said, I would ask him to sign a BBA before releasing the information. He may be sending you a client he represents.
417,071
My guess is he's shopping for someone else and failed to tell you that as well. A new agent probably can't qualify for a loan without tax returns unless he's paying cash or 40% down. Give him two comps and don't waste a great deal of time. Do everything in writing with this guy. Send an email documenting your meeting. Those who lie upfront continue the pattern.
1,712,676
2,781,013
643,875
If it is your listing I do not understand how you would be working for free. Would you not provide comps to another Buyer who contacted you and wanted to make an offer?