Selling agents in DC asking to sign a dual agency agreement

[Anonymous]

I am an interesting buying shopping and I purchased two properties directly from the seller's agents before (in 2010). However, it's already a second case when the selling agent of a property refuses to show it, unless I sign also a "buyer" agency agreement with them. They are referring to some legal case or a new Board rule from 2017 and last year's law suit. This in my view is BS, as it basically entitles them to collect double commission from the seller.

Is there indeed a Board rule or legal case that changed the rules or they are bull shitting?

[Anonymous]

Not familiar with Board rule 2017. If this was true, it would have been true since 2017 and that's clearly nonsense.

There is nothing in the Moehrl V NAR settlement that requires a listing agent to represent you as a buyer agent.

Yes these listing agents a bullshit and are violating their fiduciary duty to sellers.

[Anonymous]

I'd report them to DC real estate commission.

[Anonymous]

Thank you - one tried to get me sign a general representation as buyer's agent for all propeties! another for just one property but forever (e.g. I wouldn't be able to make a offer if the seller declines it first time).

Crazy - no wonder properties are not selling and on Redfin for months!

[Anonymous]

How long can fiduciary standards exist with dual representation? Now that buyers are paying on their own, if I'm a seller, I'm no longer willing to sign a waiver

[Anonymous]

Anonymous wrote:How long can fiduciary standards exist with dual representation? Now that buyers are paying on their own, if I'm a seller, I'm no longer willing to sign a waiver

What is the "waiver"? Sorry I am OP and clueless what you are talking about. I only imagine that sellers would be interested in paying 2.5% to one agent, instead of double fee.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How long can fiduciary standards exist with dual representation? Now that buyers are paying on their own, if I'm a seller, I'm no longer willing to sign a waiver

What is the "waiver"? Sorry I am OP and clueless what you are talking about. I only imagine that sellers would be interested in paying 2.5% to one agent, instead of double fee.

You can't have dual agency unless the seller agrees.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How long can fiduciary standards exist with dual representation? Now that buyers are paying on their own, if I'm a seller, I'm no longer willing to sign a waiver

What is the "waiver"? Sorry I am OP and clueless what you are talking about. I only imagine that sellers would be interested in paying 2.5% to one agent, instead of double fee.

You can't have dual agency unless the seller agrees.

The sellers in both cases are elderly. I am trying to buy a shell.

[Anonymous]

I'll just leave this here

https://stlouisrealestatenews.com/real-estate-market/new-nar-rule-what-buyers-need-to-know-about-written-agreements-before-home-tours/#:~:text=Starting%20August%2017%2C%202024%2C%20the,before%20showing%20them%20any%20homes.

[Anonymous]

Anonymous wrote:I'll just leave this here

https://stlouisrealestatenews.com/real-estate-market/new-nar-rule-what-buyers-need-to-know-about-written-agreements-before-home-tours/#:~:text=Starting%20August%2017%2C%202024%2C%20the,before%20showing%20them%20any%20homes.

Irrelevant. If a buyer has an agent, there must be a written contract with that agent. However, a buyer does not need to have an agent, and if the buyer does not have an agent, there is of course no contract that is needed.

[Anonymous]

I agree with the PP that suggested reporting them to your local real estate commission. And if they are realtors, you can also report them to the local realtors association. Finally, if you can find the contact information for the sellers (elderly people often have landlines that are easy to track down through google), I would call those sellers, let them know what's going on, and ask them to allow you to view the houses.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'll just leave this here

https://stlouisrealestatenews.com/real-estate-market/new-nar-rule-what-buyers-need-to-know-about-written-agreements-before-home-tours/#:~:text=Starting%20August%2017%2C%202024%2C%20the,before%20showing%20them%20any%20homes.

Irrelevant. If a buyer has an agent, there must be a written contract with that agent. However, a buyer does not need to have an agent, and if the buyer does not have an agent, there is of course no contract that is needed.

Yeah but this rando agent still thinks it's a "good idea". Why the f--k would you need a contract to say you don't represent someone? If you really want to be protective, all you need is a two sentence waiver saying "I acknowledge I am not represented by the agent who is showing me this house. This agent works on behalf of the seller, not me". I'd have no problem signing that to tour a house.

[Anonymous]

Anonymous wrote:I'll just leave this here

https://stlouisrealestatenews.com/real-estate-market/new-nar-rule-what-buyers-need-to-know-about-written-agreements-before-home-tours/#:~:text=Starting%20August%2017%2C%202024%2C%20the,before%20showing%20them%20any%20homes.

They only have to sign for one showing not a buyers agent agreement two different things here.

[Anonymous]

Anonymous wrote:I'll just leave this here

https://stlouisrealestatenews.com/real-estate-market/new-nar-rule-what-buyers-need-to-know-about-written-agreements-before-home-tours/#:~:text=Starting%20August%2017%2C%202024%2C%20the,before%20showing%20them%20any%20homes.

Provide context and relevance.

Seriously what a stupid contribution.

[Anonymous]

Anonymous wrote:I am an interesting buying shopping and I purchased two properties directly from the seller's agents before (in 2010). However, it's already a second case when the selling agent of a property refuses to show it, unless I sign also a "buyer" agency agreement with them. They are referring to some legal case or a new Board rule from 2017 and last year's law suit. This in my view is BS, as it basically entitles them to collect double commission from the seller.

Is there indeed a Board rule or legal case that changed the rules or they are bull shitting?

Yeah this is one effect of the NAR settlement. You asked for it.