Anyone ever hear of Dual Brokerages doing a deal? I said Dual Brokerages - Not Dual Agency of which I am familiar.

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Patti Lyles, DIVORCE, SHORT SALE, FORECLOSURE SPECIALIST (Century 21 Showcase, REALTORS®)

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Rainmaker
630,351

Ajay Pandya

e-Merge Real Estate Unlimited - Columbus, OH

Realtor Ajay Pandya

Not heard of.

Apr 28, 2018 06:53 PM

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Rainmaker
3,075,066

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Coldwell Banker Realty

Mike & Eve nailed this one!

Oct 03, 2017 03:57 AM

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Rainmaker
3,986,529

William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

I did one not knowing at the time...it was a disaster.

Apr 23, 2015 06:40 AM

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Rainmaker
613,494

Eve Alexander

Buyers Broker of Florida - Tampa, FL

Exclusively Representing ONLY Tampa Home Buyers

I think the buyer and the "friend" are both jerks. The buyer for not trusting you and the "friend/agent" for sticking his nose where it does not belong.

Either tell them both that you ARE the agent and stick to your guns ....or take a 50% referral fee and tell them both to take a hike.

Eve

Apr 23, 2015 02:51 AM

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Rainer
216,960

Sharon Altier

Coldwell Banker Realty - Elmhurst, IL

Luxury Property Specialist, CSC, SFR

The legal department of your Realtor association would be the best to run this by....they can make sure you use the best method to handle this. I have heard of it. As we know, it's all about the documentation. Good luck!

Apr 23, 2015 02:03 AM

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Rainmaker
147,477

Kaye Thomas

Real Estate West - Manhattan Beach, CA

e-PRO, Manhattan Beach CA

I see a lot of issues ahead.. If I were in your place I would get a signed contract with the other brokerage for a 30% referral fee and count myself lucky.

Apr 23, 2015 01:32 AM

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Rainmaker
1,153,799

Kevin J. May

Florida Supreme Realty - Hobe Sound, FL

Serving the Treasure & Paradise Coasts of Florida

The crux would be if this associate is being compensated for the negotiation aspect of this transaction (not the listing side). Consequently, in order for you to be compensated it's necessary that the negotiations include you to be valid. Dare I say that you're venturing into uncharted waters for the most part and that requires a better captain than me.

Apr 23, 2015 12:16 AM

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Rainmaker
510,246

Michele Connors

The Overton Group, LLC Pitt & Carteret County - Greenville, NC

Your Eastern North Carolina Realtor

Wow, thats a new one ! I would decline as well. This is not something ethical nor logical. The seller has no idea though... to him he must think this is ok because he doesnt understand the legal and ethical sides to your licensure.

Apr 22, 2015 11:40 PM

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I think the buyer and the "friend" are both jerks. The buyer for not trusting you and the "friend/agent" for sticking his nose where it does not belong.

Either tell them both that you ARE the agent and stick to your guns ....or take a 50% referral fee and tell them both to take a hike.

Eve
The legal department of your Realtor association would be the best to run this by....they can make sure you use the best method to handle this. I have heard of it. As we know, it's all about the documentation. Good luck!
I see a lot of issues ahead.. If I were in your place I would get a signed contract with the other brokerage for a 30% referral fee and count myself lucky.
The crux would be if this associate is being compensated for the negotiation aspect of this transaction (not the listing side). Consequently, in order for you to be compensated it's necessary that the negotiations include you to be valid. Dare I say that you're venturing into uncharted waters for the most part and that requires a better captain than me.
Wow, thats a new one ! I would decline as well. This is not something ethical nor logical. The seller has no idea though... to him he must think this is ok because he doesnt understand the legal and ethical sides to your licensure.