Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Good Ideas
Nusetlock.com




REO Prep Foreclosure Listings




BPO REO Secret System




How To Advertise Here

More Good Ideas!
real estate newsletters


Real Estate Websites for Realtors




Build your brand on a Real Estate Site





Facebook
Page 2 of 2 < 1 2
Topic Options
Rate This Topic
#70090 - 03/05/05 02:52 PM Re: Help with realtor
Dee in Austin Offline
Major Contributor

Registered: 12/03/04
Posts: 2198
Loc: Austin, TX
Ok, so hopefully you are clear now.
_________________________
Dee Copeland, ABR, ASR, CRS, e-PRO, GRI, SRES
Broker-Associate, Keller Williams Realty
http://www.CopelandGroupRealty.com
http://www.TexasRealtyBlog.com

Top
#70091 - 03/11/05 04:35 PM Re: Help with realtor
Anonymous
Unregistered


 Quote:
Originally posted by alobato:
We've been looking on our own for a couple of months now. My wife and I went to see a property and met the realtor for the property. We don't really like the place and tell the realtor, after asking us a few questions about what we were looking for the realtor said he may have some other things we may be interested in.

Two days later he calls us with 3 properties gives us the addresses and tells us to go on Sunday to view the properties with him. We go to the first place henever shows up. Since it's an open house we walk in and talk to the seller's agent. Then we decide to drive by the toher houses and take a look. One of the realtor's associates is at the next house and apologizes and he can't get into this house and we should go to the third house. When we get to the third house we can't get in either. Needless to say we were a little anoyed with these guys and we just leave.

We really liked the first place and called the agent that showed us the property and set up an appointment to talk. Today he calls back and says the Realtor that never showed up called him and says that everything has to go through him.

We never signed a contract or made any oral agreements. Is this enforcable. Do I have to go through him. I really don't like this guy. What are my options?
The reason that Mr. No Show is saying that you have to go through him isn't because you have any obligation to him. He is saying that because he is claiming "procurring cause" for the commission. He feels that he is owed the commission if you buy that particular property, because he told you about the property and sent you to see it. Agent #2 doesn't want to do all of the work for you if he isn't going to be paid, so he is sending you back to Mr. No Show.

Unfortunately, it seems that Agent #2 doesn't think he has procurring cause, but I would guess that he is mistaken, because he did do more to sell the house than Mr. No Show did (I think that was what xStudiox meant, as well) and is really the one who earned the commission. It would probably go into mediation (ie "court") if the two agents decide to fight over the commission.

Agent #2 could approach the listing agent and tell them about the situation and ask for a commission agreement that the lister will pay him the commission and not Mr. No Show. It'd be a tough call for the lister, though. They'd probably have to talk to their broker first.

Anyhow, you have no obligation to either agent, without a Buyer Rep contract. However, you would have a hard time getting another agent to work for you, with this particular property, if another agent has a claim to the commission. You could choose to hire your own Buyer Rep, but you'd have to pay them out of your own pocket.

Top
#70092 - 03/12/05 09:50 AM Re: Help with realtor
CRMguru Offline
Member

Registered: 11/12/04
Posts: 131
Loc: Chicago, IL
 Quote:
Originally posted by Agent 007:
 Quote:
Originally posted by Dee in Austin:
He was following up on the actual topic, which specifically involved a buyer who did not sign an agreement or agree orally to be represented.

All other issues are separate.
i know he was following up on the actual topic, BUT he did make a change to it with a theoretical statement behind it. note that he said "even if you did have a contract". so i went off of his statement with a question for him to back that up.
I still stand by it.

So you showed the house and have a buyer contract with a couple, they then purchase it through another broker.

You showed them the house sure.... but procurring cause is that the other broker got the contract together, signed by the clients, and submited it.

Now you can fight that procurring cause was just showing them the home (every agent loves to use that one) but the fact is you will probly lose even more money.

If it was a lame agent or they showed them 184+ homes, it will be the same situation untill mediation, which i would rather walk away from.
_________________________
Myrtle Beach Real Estate

Top
#70093 - 03/16/05 01:44 PM Re: Help with realtor
Anonymous
Unregistered


The first agent is the procuring cause for finding that property.In Nevada, even though you didn't want to use the first agent, he would be entitled to that commission. Since he told you about this property he technically brought the buyers. I could be wrong I'm not a real estate attorney. But, I'm pretty sure on this one

Top
#70094 - 03/16/05 06:20 PM Re: Help with realtor
Anonymous
Unregistered


Simply telling someone about a property doesn't automatically give an agent procuring cause. There has to be a clear line between introduction and sale. If the first agent could be shown as having "abandoned" the buyers (he never showed up) and the second agent picked them up and ensured the sale, the second agent would be procurring cause. The first agent "brought the buyers" but did he actually cause the sale? Or was it through the efforts of the second agent that the property was sold?

The Realtor web site explains that procuring cause is a combination of many factors which determine that "the unbroken efforts of a specific broker were responsible for the buyer making the decision to consummate the sale on terms which the seller found acceptable. In other words...the sale would not have occurred but for the broker's efforts."

Top
#70095 - 03/17/05 07:40 AM Re: Help with realtor
CRMguru Offline
Member

Registered: 11/12/04
Posts: 131
Loc: Chicago, IL
 Quote:
Originally posted by knoll:
Simply telling someone about a property doesn't automatically give an agent procuring cause.

In other words...the sale would not have occurred but for the (second) broker's efforts."
no doubt.

people love the word procuring cause, just not properly.
_________________________
Myrtle Beach Real Estate

Top
#70096 - 03/17/05 05:48 PM Re: Help with realtor
Agent 007 Offline
Major Contributor

Registered: 02/05/05
Posts: 2713
Loc: Las Vegas
i also believe that in Nevada the first agent that showed the home has procurring cause. They were the agent that actually introduced the home to the client.
_________________________
Len McGuirk
Prudential Americana Group
Direct: (702) 203-6688
Las Vegas Real Estate

Top
#70097 - 03/18/05 09:02 PM Re: Help with realtor
altarealtor Offline
Member

Registered: 01/09/05
Posts: 390
 Quote:
If the first agent could be shown as having "abandoned" the buyers (he never showed up) and the second agent picked them up and ensured the sale
In our jurisdiction, that would be called intrusion. Some or all commissions, fines, and licensing penalties applicable.

The prospective purchasers arrived at the property, arranged by Agent #1. At some point they decided to converse with Agent #2. Was the prearranged meeting not disclosed. Did Agent #2 not suspect or outright query such?.

Agent #1's timeliness may have not been impressive, but certainly not abandonment (again referring to my jurisdiction it is 10 days non contact). A hearing would certainly divulge his justifications.

On the other hand, Agent 2, although we are not told, should have suspected something was amiss (how could the prospects not have projected this?). Although not required, he likely should have suggested that these prospects call the realtor to help them get back on track. And on this particular property, he should not have made himself available if he became aware of the situation. He exposes himself to penalty if he uses derogitory indicators towards Agent 1.

All said and done, if the prospects move on the original property with Agent 2, this Agent should seek advice from his broker because he could be heading for a hearing.

I the prospects called and spoke with Agent 1 and his broker, declaring their dissatisfaction and that they are dropping him over Agent 2, that may satisfy the 'intrusion' issue, but that still may not stop Agent 1 from filling complaint along with compensation against Agent 2.

To the purchasers it should make no difference with what may have been a mix up on where to meet first. I sounds awful suspicious that Agent 2 had a few things to say about Agent 1.

So to make a long story short, and specifically reply to the original query, if it was in our jurisdiction, NO, you do not have to go with anyone specific agent, unless you have a written buyers agreement. The agent you use however, operates under a number of rules and regulations, and may be penalized if he contravienes any of these.

Top
Page 2 of 2 < 1 2






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Good Ideas!
real estate newsletters




How To Advertise Here

Sponsors

Newest Members
JakeRoberts, JaneLee, CourtneyFields19, toorgeman123, D best Realtor
21441 Registered Users
Who's Online
7 registered (CandyMan, crenshaw, 5 invisible), 141 Guests and 1 Spider online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Vermont 79
KingofBPOs 56
Brit16 51
DueDiligence 36
super realtor 36
Bigtoe 35
Averis 34
johnnyloans 33
SoldWithVideo 32
Kjmendy 29
RIzwan 29
Scintillion 25
75Corvette 24
Doin' bpose 24
Brad - W4BJM 22
(Views)Popular Topics
No new orders today 4758874
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 2709035
Stupid MLS comments. 959200
EML 458010
Evalonline 299690
What do you know about Froy Candelario, top agent in USA 291128
Land America 285007
New HUD Listing Brokers---Any Update? 269853
Mainstreet 261768
Pay it Forward - BPO/REO Tips & Tricks I & II 239470
Stupid QC comments and BPO requirements. 230919
Is there religious content in Buffini class? 225927
FARVV 177251
REOTRANS 160826
Let's talk about our cars 147926
USRES / RES.NET 147658
asset val seminar in colorado 144141
AVM Bpos 139643
FARVV 126764
PAS 118332
Featured Member
Registered: 09/16/05
Posts: 431

How To Advertise Here


This site presented by RNC Internet Services