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Real Estate
Reply to "Tired buyer's agent"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What is reasonable on a buyers side? Folks have been saying use a RE attorney, but if not that route, a flat fee more so than a percentage correct? [/quote] Just ask the seller's agent to show you the house. The seller is already paying them to sell the house. I've done this many times and never had a realtor refuse to show me the house.[/quote] I bought a house about a month ago, and the seller's agent refused to show me the house. Not my first house purchase. So, I found an agent to open the door and submit the offer for me. For that she made 2%. Ridiculous. [/quote] If the response to the settlement that sellers agents refuse to show houses to unrepresented buyers, that will be the next lawsuit. [/quote] The days of the unrepresented Buyer are over. Finished. The Listing Agent (Seller's Agent) will show the house. You just have to sign a Buyer agency agreement first. No more free-agent Buyers EXCEPT at Open Houses. No one's showing anything to anyone without an exclusive agreement.[/quote] That sounds like the foundation of another lawsuit. The sellers agent has a fiduciary duty to the seller. Refusing to present an offer or even show a house to an unrepresented buyer is a pretty clear breach of that duty [/quote] Not sure what this further lawsuit talk is about. The prior lawsuit has led to the creation of the new rule that NO BUYER can be shown a property by any National Association of Realtors agent without a Buyer Agency Agreement. Because of that prior lawsuit even a listing agent/seller agent MUST have a Buyer agency agreement to show anyone a property UNLESS it's at an open house. [/quote] DP "No one's showing anything to anyone without an exclusive agreement." I thought PP explain this well: "The sellers agent has a fiduciary duty to the seller. Refusing to present an offer or even show a house to an unrepresented buyer is a pretty clear breach of that duty." If 5 unrepresented buyers want to see the house, under your "No one's showing anything to anyone" rule, the listing agent is preventing the seller from engaging with 5 potential buyers. I thought this was pretty clear. [/quote] Not my rule. The new NAR rule. Effective 8.17.24. Sight unseen offers are always allowed and will always be presented to the Seller as will all offers. But all [b]NAR agents are now prohibited from showing properties without a Buyer's agency agreement now[/b], unlike before. Is this clear.[/quote] This that rule applies to the [u]buyer agent[/u], not the listing agent. Your statement suggests listing agents are prevented from showing a listing to an unrepresented buyer: "The days of the unrepresented Buyer are over. Finished. The Listing Agent (Seller's Agent) will show the house. You just have to sign a Buyer agency agreement first." [/quote] I hear you. But there are also practical realities to consider. Is the Listing Agent/Seller Agent going to use their Sentrilock key to let an unrepresented Buyer into their Listing with[b] no upfront agreement regarding their specific Property signed by the Buyer[/b], I think NOT... From elsewhere on the web... "I am already hearing from some listing agents that they will not show the homes to an unrepresented buyer as they do not want to end up in a dual agency lawsuit. I have heard that some agents are talking about having buyers sign a buyers agreement to access an open house or not do open houses at all."[/quote] What "upfront agreement" would the seller require of a buyer to view the property they are selling? Proof of financing? And that dual agency lawsuit fear is non-sense. [/quote]
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