6,393,179
Either treat her as a customer or refer her to another agent. Consult with your broker as to procedures and advice.
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Anthony Kirlew
Gilbert, AZ
-
Dan Tabit
Sammamish, WA
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
Bob Crane
Stevens Point, WI
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
1,197,097
You need serious advice from your broker, not this forum, is this legal in your state
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Kathleen Daniels, Prob...
San Jose, CA
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Peter Mohylsky, Beach ...
Miramar Beach, FL
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Michael Jacobs
Pasadena, CA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
1,052,211
Ah. This is a theoretical. At least it's not the same question we get asked all the time from your school so there's that.
An unrepresented, qualified buyer approaches listing agent, a licensed broker can, depending on state law, either treat them as an unrepresented customer, represent them in a dual agency situation, or our friends in Florida will tell you about transaction brokerage.
Or they can hire a licensee or an attorney to represent them.
As my beloved Harvey Specter would say, "There are 146 things you can do when a gun is pointed at your head."
That may seem tangential; however, when you may get yourself in trouble over implied agency, undisclosed dual agency or other agency-related violations . . . there truly could be a gun pointed at your head.
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Richard Weeks
Dallas, TX
-
Michael Jacobs
Pasadena, CA
-
Lyn Sims
Schaumburg, IL
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Candice A. Donofrio
Fort Mohave, AZ
2,390,595
You treat her as a "Customer" not a client. You need to make sure that she understands you do NOT represent her and that you DO represent the Seller.
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Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,216,398
The issue here is office policy . Speak with your sponsoring broker. They should be able to point out the law in your state.
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
4,572,117
You sound as if you need to be in contact with your broker or manager.
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Richard Weeks
Dallas, TX
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
5,583,278
you are the listing agent and you can continue to represent the seller....and the buyer has no representation.... some states allow dual agency and then no one has representation.... my team does not participate in dual agency.... if it's our listing, we always represent the seller....
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Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
1,311,397
If you were an agent, I would say that your broker should answer your question for you.
Since you are a student, I will simply say that you can help probably help the buyer even if you are the listing agent for the property. It depends on local law, the policy of your broker and your personal business practices. Others will respond that your best approach is not to represent the buyer if you are the listing agent.
It is complicated.
Good luck on your studies.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
921,504
That is a good question that could lead many down the rabbit hole.
A new agent should contact their broker to ensure the action they take abides by the laws of the state and the policies of the office.
Now, you do not mention whether you are the listing agent. This benefit does complicate the situation and may adversely affect the trust relationship with the home owner. This is a conversation the agent should have with the homeowner at the time the listing agreement is signed. In some states representing the buyer and seller is fore bidden.
Getting the purchase contract to the buyer has a easily available technology solution the worst of which includes a fax.
However, many states require a EBA and a discussion regarding your fiduciary duties to the buyer.
Chat with your broker.
Make sure you touch base with the lender.
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Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Candice A. Donofrio
Fort Mohave, AZ
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
Michael Jacobs
Pasadena, CA
2,220,323
Talk to your broker.
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Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
716,049
I understand you are a student from your profile. So, this is not your buyer, you cannot do the "paperwork" as you described since you are not licensed. My advice to you, is to advise this 'buyer' person to solicit the services of a competent realtor, and stay out of it.
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Abby Stiller
Cape Coral, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
1,712,676
You have a broker, don't you?
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Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Joseph Domino 480-390-...
Scottsdale, AZ
5,104,931
I don't fully understand your question.
1. Is this person wanting to make an offer on a listing of yours? If so, have them sign a document that says you are not representing her in the transaction.
2. If this person wants to make an offer on a property that is not your listing, why not sign her up under a buyer agency agreement?
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Richard Weeks
Dallas, TX
-
Michael Jacobs
Pasadena, CA
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
Bob "RealMan" Timm
Minot, ND
2,781,163
Have anoher agent take up her cause or you do it with disclaimers if allowed
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Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
900,128
If your state doesn't allow dual agency, refer the buyer to someone in your office for a fee.
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Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
Michael Jacobs
Pasadena, CA
7,836,129
Follow the rules in your state and the practices of your office. Talk with your broker.
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Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
Michael Jacobs
Pasadena, CA
5,229,945
Do not pass 'go!'
Do not collect $200.
SPEAK WITH YOUR BROKER!
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Richard Weeks
Dallas, TX
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
378,517
check office policy and discuss with your broker
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Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
2,684,009
In Florida, she is a customer. If you have a Single Agency Relationship with your Seller (a Fiduciary), you will need to provide this buyer with a Statutory "No Brokerage Relationship" disclosure.
If you are merely acting as a Transaction Broker, you don't need to provide any disclosure of any kind.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Michael Jacobs
Pasadena, CA
785,458
Great answer Richard Bazinet /MBA, CRS, ABR
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Michael Jacobs
Pasadena, CA
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Richard Bazinet /MBA, ...
Scottsdale, AZ
509,449
Is it your listing? If so, she can be your customer. I would talk to your broker first, though. If it's not your listing then you can be the buyer's agent.
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Michael Jacobs
Pasadena, CA
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Fred Griffin Florida R...
Tallahassee, FL
1,955,212
Different states do it different ways - Get with your broker.
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Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
1,844,291
Who do you represent?
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Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
1,090,637
According to your profile, you are a student so should not even be dealing with this situation. If you are licensed, update your profile to be current and ask your broker for guidance and to explain the laws of your state regarding representation.
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Fred Griffin Florida R...
Tallahassee, FL
1,502,998
I looked up your profile. You are an unlicensed student who works as an apartment manager.
Assuming she is looking at a random house to buy, there is nothing you legally can do. Your best bet is to find an agent you like a lot (and maybe want to work for once you get licensed) and give him/her the referral with the condition that you get to shadow them for the transaction to learn what real estate is all about. You won't legally be allowed (in many states) to get more than a pittance of a "finder's fee" since you aren't licensed, but the training (especially if the deal is a tough one) could be worth FAR MORE than the fee you could get.
-
Michael Jacobs
Pasadena, CA
2,436,099
If it were me, and I was the listing agent, I'd explain that I represent the seller. I'd tell the buyer what that means, and let them know what options they have.
-
Michael Jacobs
Pasadena, CA
5,868,482
3,986,258
4,936,605
3,345,091
4,800,082
How can it be your buyer, are you an agent? If you're not, it's not your buyer. Refer them to a Realtor or an attorney.
2,161,048
It depends on the state you are located in. In Florida, you would be considered a transaction broker by law and you would be able to work with both buyer and seller on the transaction.
3,416,038
Here in NH they would be considered a customer and not a client. I would have them sign the agency disclosure and write the offer they wanted. The key is you offer no advice, just facilitate the offer.
4,882,355
4,434,127
3,164,269