Reply to New rules: buying without an agent

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes. Contact the listing agent. If they refuse, report them. Consider retaining an attorney, just in case.

[/quote]

They won’t refuse but they will require you to sign a buyer agreement with them [/quote]

Breach of fiduciary.[/quote]

[b]What does this mean?[/b] [/quote]

Seller (principal) wants to sell. 
Seller wants the most buyers and ultimately the most money. 
Seller (principal) enlists Agent (agent). 
Seller wants the most buyers and ultimately the most money. Agent is entrusted.

Agent (agent) now acts on their behalf of seller (principal).

[quote]"Fiduciary duties are legal obligations that require (agent) to act in the best interests of (principal)"[/quote]

"They (agent) won’t refuse but they (agent) will require you to sign a buyer agreement with them (agent)"

Breach of fiduciary. Unless the seller decides it benefits them - the seller -  and instructs the agent "It is in my best interest that you - who represent me - also represent the buyer of my property under dual agency. This is best for me - the seller.".

If that condition is not met, Breach of fiduciary.

[/quote]

This. The listing agent is required to act in the best interest of the seller (who pays them). So no, the listing agent can't delay or refuse to show the home to an unrepresented buyer, nor can they require that the unrepresented buyer hire the listing agent as a buyer's agent. [/quote]

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