I read the archives and found a post by Realty Check, addressing a similar question. This is what was said (on 11/2005)
I personally think their is a BIG problem if your access to a seller was gained with the premise that you were an investor then you switch to a listing agent. I know of several Ethics Complaints based on just that event.
This is often how some ineffective agents attempt to work around the Do Not Call list... posing as a buyer only to turn into a listing agent. This is a very dangerous tactic that can end your licensed real estate career and cost you a significant amount in fines.
If you are a licensed real estate agent, always make that clear in any real estate contact. Their is no problem in letting them know you may have personal interest in the property AFTER you tell them you are an Agent and before you "visit" or discuss the property.
My requirement to my agents is they must always make a decision as to their intent... to buy or to list a property before they make a contact with the seller. ALWAYS disclose that they are an agent. If they made contact as a buyer and decide not to buy... let the seller know you have no interest and LEAVE. You can always leave a card and if they have interest let them Call you... DO NOT Solicit them.
No matter what the circumstances are... a switch will look like a bait and switch and you do not need that problem.
The above sounds like a very good advice. However, my question is this. What if one approaches a homeowner as a helper. In other words, approach the homeowner as a person who genuinely wants to help them in their situation.
So... if the owner wants to sell the property, they can sell to me at $xyz amount. Or, I can list it for them at $XXyz amount;
In that case there is no bait and switch. It's like approaching a FSBO with intent to give them as much help as possible with intent to have them either buy their next home through you OR sell their existing home through you.
What's wrong with this setup?
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