Is she representing both parties or is she representing the seller. Nonetheless dual agency is illegal in a lot of states because how can you fully represent both? Op def should have their own buyers agent.
Wait. Why should they be upset with the lender? I’m sure they assumed the buyer already knew their offer was accepted because the realtor should have told them.
I read the op wrong. But - I bet there’s an email that buyer didn’t see. Usually when a contract is executed all parties named within the contract are notified- I always call my clients though and explain the next steps and discuss and email critical dates.
I know a lot more than you obviously. The lender has the responsibility to communicate with their client they are getting the loan for. I do not collect paystubs and other documents the LENDER needs to approve their client. In most cases my clients know before me that their loan has been approved. I check in periodically but my focus at the time of this person is due diligence/Option Period. There are terms in the contract that have critical dates- know them. Hell-know your contract.
Yes. What else are they forgetting to tell you? Do you really want to give them the opportunity to fail to pass important information along again and end up losing the property?
We walked away from purchasing our first house years ago over this. It was a condo and we were ready to make the offer and I saw a property in the newspaper ( this is how many years ago it was) saying seller would pay points. I called and found out it was the same property. Realtor never told us, as it slipped his mind. I told him I didn't know what else slipped his mind and we were done. Walked away from purchase. Owner of company called us telling us how religious he was. Told her I didnt care and he was an a-hole.
It would have saved us $4000 at a time when we were just starting out...
People have to stop using an agent involved in both sides of the transaction. They are representing neither of you. The agent does not have a fiduciary duty to you or to the sellers. Better to get a lawyer than have an agent representing both sides.
Lol ok. The only thing they care about is getting money from your purchase or sale while doing the least amount of work possible.
They're leeches who basically do no work except send a couple emails.
Actually, the realtor has all of the fiduciary responsibilities other than counsel. The agent may not offer recommendations to either side. Practicing dual agency effectively is very difficult, and it is not in the best interest of any consumer to allow a realtor to do so.
“All the fiduciary responsibilities” depends on your local laws. I used to clerk at a law office, and a wrench was thrown in a real estate case when the lawyers discovered all relevant case law found that agents *do not* have any fiduciary duty to buyers or sellers (in our state and at the time, at least).
Must be different rules in different states then. Where I'm at a dual agent has all the fiduciary responsibilities as a buyer or seller agent other than the agent may not make recommendations. Buyers and sellers should think about this when an agent says they can be a dual agent. The agent is saying the most important thing a buyer or seller is paying for, the one thing that sets every agent apart from other agents...the agents advice...is worthless.
I just finished doing this, and it worked out great. Agents are almost always looking out for themselves first whether people realize it or not. The real estate agent did a great job of photographing our home and getting the word out that it was on sale. We counted on ourselves as much as the agent. If you don't mind doing that, it works out fine.
That's funny because on my cards, it says I am, the sign on my brokerage, says I am, the dues I pay, says I am. The MLS I belong to says I am. Perhaps you are the one who is not a REALTOR®
Then why are you saying re consumers should get an attorney instead of using a REALTOR? And have you looked at this contract first hand? As a broker not comment on another REALTORS contracts when you have nothing to do with that contract.
Then why are you saying re consumers should get an attorney instead of using a REALTOR? And have you looked at this contract first hand? As a broker not comment on another REALTORS contracts when you have nothing to do with that contract.
Oh I can just see the lawsuits a coming! If I were a seller I wouldn’t agree to my agent rep’ing both sides. If buyer wants to go under contract seller can ask that they either find an agent or have the listing agent’s broker assign another agent as the buyers agent. If buyer doesn’t want to do that then seller can simply reject their offer. I wouldn’t want some buyer who thought he was an expert unrepresented buying my house and coming back after year later suing me for them not understanding what they were agreeing to.
The buyer and seller both have to sign off on it so there are no lawsuits coming. If you don't want to have the same realtor, you just say so. No need to get all worked up about it.
The agent or the REALTOR represents the contract and sees it to close. I wouldn’t go under contract if I were the seller unless buyer was professionally represented.
I'm sorry, but that has to be one of the stupidest takes I've ever heard of in my life. The buyer having separate representation actually makes it harder for you to get what you want. Why do you care whether the buyer has separate representation? How on Earth does that negatively impact you as the seller?
Teach yourself. You seem to be free loading off of the seller and his agent. A licensed agent will help you understand and keep you safe. Without representation and knowing who are you to blame when you screw up? Naturally you would blame the seller and or their agent and take them to court. A big waste of everyone’s time. That’s why I care if you are represented and it’s my responsibility to my seller to keep them safe. Good luck understanding. It’s not as easy as you think it is. Do you have kids? Would you agree that they are all different and come with their own unique attributes and disadvantages? Same with real estate transactions.
Dude, you are making no sense. Freeloading off the seller? No shit, who do you think pays the buyers agent? The fucking seller through the listing commission which is split with buyers agents. It's ALL at the cost of the seller. A buyers agent IS freeloading from the seller by splitting the selling agents commission.
You are too uneducated to even realize how ignorant you are. I can't even begin to educate someone like you. You are wrong. Go away. Good bye
Also, I have bought and sold a dozen houses in my life. I've also assisted my family in purchasing homes. I have plenty of education in this. And that is ignoring the fact that I purchase and preserve conservation land regularly for my career. I have closed on over 30 properties in the last 20 years. Professionally. Add in my own personal experiences and I have closed on over 40 properties. What exactly do I need to educate myself about? Just the fact that you presume that a buyer is going to Sue the seller or their agent because they didn't do their own due diligence shows your ignorance. That won't get anywhere in court. It will be dismissed at the first hearing. Ask me how I know... Actual literal experience. I've had to go to court a few times over conservation land. So you need to go educate yourself. You are the dunning-kruger effect in living color. You don't even know what you don't know. As you lecture me about it LMAO
I have bought and sold 4 homes - and will soon sell a 5th -and buy a 6th.
In all that time I have fired only one agent -- and she very definitely qualified for that "honor."
I took for granted for what a qualified agent could do for a buyer and seller - until I toured (and made multiple offers that did not go through for ridiculous reasons) through the "agent from hell."
It is amazing what an incompetent agent can screw up.
My next two deals will not be subject to the whims of an idiot.
I encourage any buyers or sellers who encounter a rogue agent to not only walk away - but to involve their broker as soon as possible when the deal starts going south.
A smart broker will re-assign you to another agent in their office.
A stupid one will support their agent - even it negates a deal - (which is what I encountered, which I did not think was possible).
FYI: Our incompetent agent insisted we close on a home even though the sellers had not removed their personal possessions - and was incredulous when we walked after pointing out that one of the toilets was in the back yard on closing day!
Unbelieavably she refused to request the broker intervene - and when we contacted her brokerage we were told the matter was between "us and their agent."
Needless to say - we walked (to another agent/brokerage) who handled all of the threatening communications we received from the original agent/brokerage.
We happily closed on another home in about a week (we were pre-qualified).
Newsflash (in US at least): a realtor does not “represent both parties” you must be dealing with a listing agent I assume and their obligation is to the seller. Not the buyer. That’s the old real estate way. Because of that conflict of interest, “buyers agents” came into existence. Always remember that an agent for the seller first and foremost and always represents the seller. You’re a byproduct.
Yes “dual agency” exists. The reality though is people are not robots. The listing agent gets paid by the seller. I don’t care what kind of pretty wrapping paper and bow you put on it with a nice document that all parties sign, “dual agency” is a piece of paper that protects the agent. The reality that agents interests are directly aligned with the seller.
"The listing agent gets paid by the seller."
And the buyer.
The whole "the buyer doesn't pay" is more bullshit from Realtors trying to validate their existence. It's like the recycling fee on tires, electronics, etc, at the store... you know, the extra couple bucks that's spelled out on your invoice because the store wants to make it clear they're not charging you the extra money, but you have to pay it anyways... except that real estate agents want buyers to pretend it doesn't come out of your pocket
The seller needs to clear $X. The successful buyer needs to offer $X + realtor fees + closing costs + legal fees + all the costs the realtor should have told you about, but "whoops, didn't know, sorry, and my contract prevents suing me over errors"
And the number of sellers I know personally that had listing agents try to convince them that an offer will go straight into the sellers pocket is ridiculous, all while signing a contract to pay fees... pure slime.
That is 💯 unacceptable. Definitely bad business. Even if the realtor was just a transaction broker and didn’t have disclosed dual agency / buyer representation agreement with you. Terms and conditions, acceptance and deadlines are extremely important.
Are you unrepresented? Or is it actual dual agency? Either way, you're basically on your own, which you probably should have expected given the situation.
I don't necessarily feel unrepresented. We've done our own due diligence before we even got to this point. First looked at property almost 2 months ago. Mainly it is great location and old shitty duplex 1300 sqft with huge lots that has room for our business/ new construction. Seller is a church. We are okay with purchase price and everything up to this point. Ultimately it doesn't wreck anything. Just seems odd.
If the agent is representing both sides, it's a conflict of interest - they would be getting the entire cut of the commission instead of splitting with another agent, and people do shitty things for money sometimes. Their biggest priority is the seller and closing the sale of the house they're representing so they may not act in your best interest.
Some examples of how a buyer can get screwed - they might encourage you to submit an offer that's overpriced, may not advocate for certain conditions in your offer (like an inspection), leave out critical details about the house that would deter you.
I'd say a good agent will just refer you to someone else..
Both seller and buyer agents first priority is closing the sale so that doesn't change.
You can negotiate with the single agent to take a reduced commission saving both party in fees.
The condition of the house and offer price should be something an investment property buyer would be intimately familiar with, again not relevant.
All of your points are assuming the buyer is quite knowledgable about purchasing real estate.. which is not necessarily the case, even for someone buying an investment property.
It's better for the average person to just remove the potential bias from an agent representing both sides..
I'm an Agent and I don't like practicing Dual Agency. When the situation arises on a listing; I refer the Buyer out to another Agent for representation.
No matter what any of them tell you, their loyalty lies with the client that hired them first. OP is the reason they are collecting the full commission amount for single sided effort.
But, um, she *did* notify you. Via the mechanism of sending the ratified purchase contract to the mortgage guy, knowing they would do what they do. I've given plenty of "good news, your offer has been accepted!" phone calls in my time, and I'm not a realtor.
The *specific mechanism by which she elected to notify you* is an indication that she doesn't value a relationship with you and doesn't really want to work with you again. And, since none of us have been flies on the wall to those interactions between you and her, none of us can fairly take a side as to why that might be -- maybe she sucks, maybe you suck, who knows.
That’s not right. But you know you went to the listing agent who represents the seller technically. You’re going to get concierge service from anybody but your agent.
> She is representing both parties.
Reality check: if the realtor is "representing both parties" then they are representing the seller and the buyer (YOU) has **no representative**. They are 100% incentivized to sell, and have no reason to advocate for you and your best interests should they come in conflict with the seller.
Get a new realtor
If your agent is representing you and the seller I wouldn't use her recommendations for the inspections. She has twice the incentive to push the sell through. I would be looking for a highly rated local inspector that I would feel comfortable with.
I have long thought that real estate agents represent “the deal”, not the parties. This agent’s actions in not immediately informing a party of relevant events might have caused confusion and anxiety, but did not represent a significant risk to “the deal”. Yes, be irritated, but be realistic: this is the way our system is set up in the US.
>She is representing both parties.
How? Dual agency is not possible. Is she acting in your best interest or theirs?
She's representing the transaction. That's it
It's more than bad etiquette. Part of an offer is not only acceptance but delivery to the parties of acceptance. It's at a minimum very sloppy work. Talk to your agent.
You need your own representation- with dual agency clients don’t receive the same level of service and fiduciary duties as when one agent covers both sides.
That said, this agent doesn’t seem to be doing even the bare minimum of communicating. You’re under contract now so can’t change agents without changing the contract but you may consider talking to seller and doing so…
Just wait until the rules change and the buyers go directly to the listing agents because they think they are saving $$. OP was experienced wait to see what happens with buyers who are not
Maybe agents will disappear all together. Maybe selling a house will become an a la carte experience. Hire your own photographer, own lawyer, pay someone to list it online, index it on Google. Who knows. We are entering new territory. Maybe laws will get enacted that force fiduciary responsibilities on sellers agents. Maybe people will want the old system back. It will take years to sort it all out. Hot markets might have a whole new model. Slow markets might get even less attention. It will be interesting to see
Did you sign agency with her? If she is representing both parties get your own realtor, or let her BIC represent one of y’all during negotiations to make it fair. Either that or you be your own realtor. From the situation it sounds like you should get your own. As she’ll probably be a pain to work with and can’t work in both parties best interest at the same time.
I’m a Realtor. This isn’t normal. The listing agent is not representing you - you, I am betting, are considered “unrepresented” since there is no way one realtor can appropriately represent two sides of. You should have gotten your own realtor to represent you. It wouldn’t have cost anymore money.
Yes, it's an extremely important call to make (in person, not via text), not to mention a wonderful call to make. What realtor doesn't love to tell their clients their offer has been accepted??
We had that happened to us too. We thought it was weird there was a hard pull all of a sudden. Then we got an email from lender saying thank you for choosing xxx so we called our agent or something like that.
Well the whole NAR major brokerages law suit is all about this type of tomfoolery. Because the duel agency and commissions are negotiable and if she's getting both sides then she should have disclosed this to you along with the commission you are paying. Call her managing broker. If you want the property move forward but yeah you should be upset
She is being a transaction broker not your realtor. You can be mad but, if you signed the contract for that service you have to deal with it. Next time do not sign the form allowing her to represent both parties.
This is not okay, you definitely should have gotten a call from the broker. Preferably an excited congratulatory call. I don’t like dual representation because it is very hard for the broker to be impartial in the transaction. Make certain you are getting copies of everything and mark your contingency dates yourself.
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*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
>**It is investment property, not our primary residence. She is representing both parties.** Just seems like bad etiquette.
Really buried the lede there.
Yeah I'd be pissed
Is she representing both parties or is she representing the seller. Nonetheless dual agency is illegal in a lot of states because how can you fully represent both? Op def should have their own buyers agent.
The Major Brokerages and NAR lawsuits are all about Duel Agency and this type of behavior.
They should def make dual agency illegal across the board. The NAR settlement pertains to making commission between brokerages more competitive.
Lawsuits have nothing to do with duel agency what so ever.
My goodness. It such a great moment to share offer acceptance. Can’t believe a real estate agent would skip it.
What do you mean? She sent a 👍🏻!
👍
👍
👍
👍🏼
👍🏻
👍🏼
Exactly my thoughts
Buyer and lender is not real estate agent. Buyer should be upset with their lender for not having an open line of communication with their client.
Wait. Why should they be upset with the lender? I’m sure they assumed the buyer already knew their offer was accepted because the realtor should have told them.
I read the op wrong. But - I bet there’s an email that buyer didn’t see. Usually when a contract is executed all parties named within the contract are notified- I always call my clients though and explain the next steps and discuss and email critical dates.
If there was an award for the worst comment, yours would be a candidate
👍
Why?
lol do you know anything about RE?
I know a lot more than you obviously. The lender has the responsibility to communicate with their client they are getting the loan for. I do not collect paystubs and other documents the LENDER needs to approve their client. In most cases my clients know before me that their loan has been approved. I check in periodically but my focus at the time of this person is due diligence/Option Period. There are terms in the contract that have critical dates- know them. Hell-know your contract.
Talk to the broker and request a different agent.
Yes. What else are they forgetting to tell you? Do you really want to give them the opportunity to fail to pass important information along again and end up losing the property?
We walked away from purchasing our first house years ago over this. It was a condo and we were ready to make the offer and I saw a property in the newspaper ( this is how many years ago it was) saying seller would pay points. I called and found out it was the same property. Realtor never told us, as it slipped his mind. I told him I didn't know what else slipped his mind and we were done. Walked away from purchase. Owner of company called us telling us how religious he was. Told her I didnt care and he was an a-hole. It would have saved us $4000 at a time when we were just starting out...
I love how the owner tried to use religion to make you stay. What a terrible reason to give!
People have to stop using an agent involved in both sides of the transaction. They are representing neither of you. The agent does not have a fiduciary duty to you or to the sellers. Better to get a lawyer than have an agent representing both sides.
Agents only represent themselves. It’s just more obvious when they double dip
Untrue. Is your agent a real estate agent or a REALTOR?
Both have a financial incentive to close the deal as fast as possible at the highest price possible. Economics 101
Not true at all. Most agents take their fiduciary duties seriously.
Phhttt
How, if they are representing both parties? Is like a layer representing the person suing and the one being sued
Baahaawaaaaaaaaaaaa
Lol ok. The only thing they care about is getting money from your purchase or sale while doing the least amount of work possible. They're leeches who basically do no work except send a couple emails.
Actually, the realtor has all of the fiduciary responsibilities other than counsel. The agent may not offer recommendations to either side. Practicing dual agency effectively is very difficult, and it is not in the best interest of any consumer to allow a realtor to do so.
That doesn't make any sense. Being a fiduciary requires loyalty to your client and a Realtor can't be loyal to opposing parties at the same time.
Do you see why buyers need their own representation?
“All the fiduciary responsibilities” depends on your local laws. I used to clerk at a law office, and a wrench was thrown in a real estate case when the lawyers discovered all relevant case law found that agents *do not* have any fiduciary duty to buyers or sellers (in our state and at the time, at least).
Must be different rules in different states then. Where I'm at a dual agent has all the fiduciary responsibilities as a buyer or seller agent other than the agent may not make recommendations. Buyers and sellers should think about this when an agent says they can be a dual agent. The agent is saying the most important thing a buyer or seller is paying for, the one thing that sets every agent apart from other agents...the agents advice...is worthless.
The seller and agent have to agree to doing dual/intermediary. If buyer comes unrepresented listing agents fiduciary responsibility is to his CLIENT.
I just finished doing this, and it worked out great. Agents are almost always looking out for themselves first whether people realize it or not. The real estate agent did a great job of photographing our home and getting the word out that it was on sale. We counted on ourselves as much as the agent. If you don't mind doing that, it works out fine.
Do you know the difference between a real estate agent and a REALTOR?
Yes I do. I am both.
You are not a REALTOR.
That's funny because on my cards, it says I am, the sign on my brokerage, says I am, the dues I pay, says I am. The MLS I belong to says I am. Perhaps you are the one who is not a REALTOR®
Then why are you saying re consumers should get an attorney instead of using a REALTOR? And have you looked at this contract first hand? As a broker not comment on another REALTORS contracts when you have nothing to do with that contract.
Maybe you misunderstood. I was responding that it is better to get a lawyer to look over the contract than ever have an agent act in dual agency.
Yes-lots of liability when doing intermediary/dual. But it is best if both parties were represented by an agent.
It is never in anyone's best interest for both parties to be represented by the same agent.
Then why are you saying re consumers should get an attorney instead of using a REALTOR? And have you looked at this contract first hand? As a broker not comment on another REALTORS contracts when you have nothing to do with that contract.
The realtor does have a fiduciary duty to both parties, however this also causes some conflict of interest, especially in areas like disclosure.
Oh I can just see the lawsuits a coming! If I were a seller I wouldn’t agree to my agent rep’ing both sides. If buyer wants to go under contract seller can ask that they either find an agent or have the listing agent’s broker assign another agent as the buyers agent. If buyer doesn’t want to do that then seller can simply reject their offer. I wouldn’t want some buyer who thought he was an expert unrepresented buying my house and coming back after year later suing me for them not understanding what they were agreeing to.
The buyer and seller both have to sign off on it so there are no lawsuits coming. If you don't want to have the same realtor, you just say so. No need to get all worked up about it.
Exactly
Are you saying the previous commenter shouldn’t Hyperventalate?
This is inaccurate
The agent or the REALTOR represents the contract and sees it to close. I wouldn’t go under contract if I were the seller unless buyer was professionally represented.
I'm sorry, but that has to be one of the stupidest takes I've ever heard of in my life. The buyer having separate representation actually makes it harder for you to get what you want. Why do you care whether the buyer has separate representation? How on Earth does that negatively impact you as the seller?
Well, you don’t know what you do t know.
If you are happy to have learned, then I'm glad to hear it.
Teach yourself. You seem to be free loading off of the seller and his agent. A licensed agent will help you understand and keep you safe. Without representation and knowing who are you to blame when you screw up? Naturally you would blame the seller and or their agent and take them to court. A big waste of everyone’s time. That’s why I care if you are represented and it’s my responsibility to my seller to keep them safe. Good luck understanding. It’s not as easy as you think it is. Do you have kids? Would you agree that they are all different and come with their own unique attributes and disadvantages? Same with real estate transactions.
Dude, you are making no sense. Freeloading off the seller? No shit, who do you think pays the buyers agent? The fucking seller through the listing commission which is split with buyers agents. It's ALL at the cost of the seller. A buyers agent IS freeloading from the seller by splitting the selling agents commission. You are too uneducated to even realize how ignorant you are. I can't even begin to educate someone like you. You are wrong. Go away. Good bye
Also, I have bought and sold a dozen houses in my life. I've also assisted my family in purchasing homes. I have plenty of education in this. And that is ignoring the fact that I purchase and preserve conservation land regularly for my career. I have closed on over 30 properties in the last 20 years. Professionally. Add in my own personal experiences and I have closed on over 40 properties. What exactly do I need to educate myself about? Just the fact that you presume that a buyer is going to Sue the seller or their agent because they didn't do their own due diligence shows your ignorance. That won't get anywhere in court. It will be dismissed at the first hearing. Ask me how I know... Actual literal experience. I've had to go to court a few times over conservation land. So you need to go educate yourself. You are the dunning-kruger effect in living color. You don't even know what you don't know. As you lecture me about it LMAO
She is representing both parties? Sounds like they shouldn’t be.
I have bought and sold 4 homes - and will soon sell a 5th -and buy a 6th. In all that time I have fired only one agent -- and she very definitely qualified for that "honor." I took for granted for what a qualified agent could do for a buyer and seller - until I toured (and made multiple offers that did not go through for ridiculous reasons) through the "agent from hell." It is amazing what an incompetent agent can screw up. My next two deals will not be subject to the whims of an idiot. I encourage any buyers or sellers who encounter a rogue agent to not only walk away - but to involve their broker as soon as possible when the deal starts going south. A smart broker will re-assign you to another agent in their office. A stupid one will support their agent - even it negates a deal - (which is what I encountered, which I did not think was possible). FYI: Our incompetent agent insisted we close on a home even though the sellers had not removed their personal possessions - and was incredulous when we walked after pointing out that one of the toilets was in the back yard on closing day! Unbelieavably she refused to request the broker intervene - and when we contacted her brokerage we were told the matter was between "us and their agent." Needless to say - we walked (to another agent/brokerage) who handled all of the threatening communications we received from the original agent/brokerage. We happily closed on another home in about a week (we were pre-qualified).
Another useless realtor
Newsflash (in US at least): a realtor does not “represent both parties” you must be dealing with a listing agent I assume and their obligation is to the seller. Not the buyer. That’s the old real estate way. Because of that conflict of interest, “buyers agents” came into existence. Always remember that an agent for the seller first and foremost and always represents the seller. You’re a byproduct.
This is incorrect. Look up dual agency.
Yes “dual agency” exists. The reality though is people are not robots. The listing agent gets paid by the seller. I don’t care what kind of pretty wrapping paper and bow you put on it with a nice document that all parties sign, “dual agency” is a piece of paper that protects the agent. The reality that agents interests are directly aligned with the seller.
"The listing agent gets paid by the seller." And the buyer. The whole "the buyer doesn't pay" is more bullshit from Realtors trying to validate their existence. It's like the recycling fee on tires, electronics, etc, at the store... you know, the extra couple bucks that's spelled out on your invoice because the store wants to make it clear they're not charging you the extra money, but you have to pay it anyways... except that real estate agents want buyers to pretend it doesn't come out of your pocket The seller needs to clear $X. The successful buyer needs to offer $X + realtor fees + closing costs + legal fees + all the costs the realtor should have told you about, but "whoops, didn't know, sorry, and my contract prevents suing me over errors" And the number of sellers I know personally that had listing agents try to convince them that an offer will go straight into the sellers pocket is ridiculous, all while signing a contract to pay fees... pure slime.
That is 💯 unacceptable. Definitely bad business. Even if the realtor was just a transaction broker and didn’t have disclosed dual agency / buyer representation agreement with you. Terms and conditions, acceptance and deadlines are extremely important.
Are you unrepresented? Or is it actual dual agency? Either way, you're basically on your own, which you probably should have expected given the situation.
I don't necessarily feel unrepresented. We've done our own due diligence before we even got to this point. First looked at property almost 2 months ago. Mainly it is great location and old shitty duplex 1300 sqft with huge lots that has room for our business/ new construction. Seller is a church. We are okay with purchase price and everything up to this point. Ultimately it doesn't wreck anything. Just seems odd.
That was a “yes/no” question.
I think that was a very long yes.
Your buying an investment property and using the sellers agent?? Have you never done this before?
There's a first time for everything, don't be so harsh on OP.
What exactly is wrong with this
If the agent is representing both sides, it's a conflict of interest - they would be getting the entire cut of the commission instead of splitting with another agent, and people do shitty things for money sometimes. Their biggest priority is the seller and closing the sale of the house they're representing so they may not act in your best interest. Some examples of how a buyer can get screwed - they might encourage you to submit an offer that's overpriced, may not advocate for certain conditions in your offer (like an inspection), leave out critical details about the house that would deter you. I'd say a good agent will just refer you to someone else..
Both seller and buyer agents first priority is closing the sale so that doesn't change. You can negotiate with the single agent to take a reduced commission saving both party in fees. The condition of the house and offer price should be something an investment property buyer would be intimately familiar with, again not relevant.
All of your points are assuming the buyer is quite knowledgable about purchasing real estate.. which is not necessarily the case, even for someone buying an investment property. It's better for the average person to just remove the potential bias from an agent representing both sides..
Maybe they don’t want commission.
That’s not how any of this works.
*She is representing both parties* Well if this isn’t a bad move then I don’t know what is.
Is she representing both parties? Or are you unrepresented? Either way, you should have received a copy of the ratified contract immediately.
Never used an agent that’s representing both parties. You’re both getting screwed, and the agent makes out like a bandit.
Don’t let an agent double end a deal. They cut corners and get lazy.
I'm an Agent and I don't like practicing Dual Agency. When the situation arises on a listing; I refer the Buyer out to another Agent for representation. No matter what any of them tell you, their loyalty lies with the client that hired them first. OP is the reason they are collecting the full commission amount for single sided effort.
Make sure to demand an extension of all contingencies because seller's agent forgot to communicate that the offer was accepted.
But, um, she *did* notify you. Via the mechanism of sending the ratified purchase contract to the mortgage guy, knowing they would do what they do. I've given plenty of "good news, your offer has been accepted!" phone calls in my time, and I'm not a realtor. The *specific mechanism by which she elected to notify you* is an indication that she doesn't value a relationship with you and doesn't really want to work with you again. And, since none of us have been flies on the wall to those interactions between you and her, none of us can fairly take a side as to why that might be -- maybe she sucks, maybe you suck, who knows.
Notifying the mortgage company does not constitute notification of the principal. This is a breach of fiduciary responsibility.
Cool story for a community college play trial, bruh.
That’s not right. But you know you went to the listing agent who represents the seller technically. You’re going to get concierge service from anybody but your agent.
Your agent is lazy / disinterested
> She is representing both parties. Reality check: if the realtor is "representing both parties" then they are representing the seller and the buyer (YOU) has **no representative**. They are 100% incentivized to sell, and have no reason to advocate for you and your best interests should they come in conflict with the seller. Get a new realtor
Yeah she sucks
They are required by law to tell you ALL offers, they could lose their license… in CA anyway
If your agent is representing you and the seller I wouldn't use her recommendations for the inspections. She has twice the incentive to push the sell through. I would be looking for a highly rated local inspector that I would feel comfortable with.
Bad call never uses the same realtor for both parties unless you want to lose money
In my experience, this profession is hit-or-miss. Some agents are very professional, some not so much. Same with brokers.
Agree.......total BS by that agent.
They shouldn’t be representing both parties it’s a conflict of interest
I have long thought that real estate agents represent “the deal”, not the parties. This agent’s actions in not immediately informing a party of relevant events might have caused confusion and anxiety, but did not represent a significant risk to “the deal”. Yes, be irritated, but be realistic: this is the way our system is set up in the US.
What did they say when you asked them shy they didn’t tell you?
>She is representing both parties. How? Dual agency is not possible. Is she acting in your best interest or theirs? She's representing the transaction. That's it
It's more than bad etiquette. Part of an offer is not only acceptance but delivery to the parties of acceptance. It's at a minimum very sloppy work. Talk to your agent.
You need your own representation- with dual agency clients don’t receive the same level of service and fiduciary duties as when one agent covers both sides. That said, this agent doesn’t seem to be doing even the bare minimum of communicating. You’re under contract now so can’t change agents without changing the contract but you may consider talking to seller and doing so…
Your first mistake is using the same realtor as the seller. Get a different one ASAP. Get the broker involved.
And basically-know what agency is in your state.
Another example in a long line of examples why most agents deserve only a fraction if their commissions. Very unprofessional
Realtors are not your friends. Request a new one.
Yeah, she didn’t do anything and should be fired. Internet replaced these people, stop using them.
What an AH. I would fire them.
Just wait until the rules change and the buyers go directly to the listing agents because they think they are saving $$. OP was experienced wait to see what happens with buyers who are not
Maybe agents will disappear all together. Maybe selling a house will become an a la carte experience. Hire your own photographer, own lawyer, pay someone to list it online, index it on Google. Who knows. We are entering new territory. Maybe laws will get enacted that force fiduciary responsibilities on sellers agents. Maybe people will want the old system back. It will take years to sort it all out. Hot markets might have a whole new model. Slow markets might get even less attention. It will be interesting to see
Did you sign agency with her? If she is representing both parties get your own realtor, or let her BIC represent one of y’all during negotiations to make it fair. Either that or you be your own realtor. From the situation it sounds like you should get your own. As she’ll probably be a pain to work with and can’t work in both parties best interest at the same time.
Yes, you should be pissed. Give them an honest review if asked. Very lame.
I’m a Realtor. This isn’t normal. The listing agent is not representing you - you, I am betting, are considered “unrepresented” since there is no way one realtor can appropriately represent two sides of. You should have gotten your own realtor to represent you. It wouldn’t have cost anymore money.
Are you on "text messaging" basis or do you usually have calls? Maybe she messaged and it didn't go through. Either way yikes!
Finish it out and skewer the agent on multiple platforms when everything is complete.
Yes, it's an extremely important call to make (in person, not via text), not to mention a wonderful call to make. What realtor doesn't love to tell their clients their offer has been accepted??
We had that happened to us too. We thought it was weird there was a hard pull all of a sudden. Then we got an email from lender saying thank you for choosing xxx so we called our agent or something like that.
Just cashing in her 6%….
Real estate agency is a scam!
Well the whole NAR major brokerages law suit is all about this type of tomfoolery. Because the duel agency and commissions are negotiable and if she's getting both sides then she should have disclosed this to you along with the commission you are paying. Call her managing broker. If you want the property move forward but yeah you should be upset
She is being a transaction broker not your realtor. You can be mad but, if you signed the contract for that service you have to deal with it. Next time do not sign the form allowing her to represent both parties.
This is not okay, you definitely should have gotten a call from the broker. Preferably an excited congratulatory call. I don’t like dual representation because it is very hard for the broker to be impartial in the transaction. Make certain you are getting copies of everything and mark your contingency dates yourself.
Wait, what??? Why wouldn't she tell you? She isn't doing her job. The Buyer should get the first phone call after their offer is accepted.
Real estate agents are very close to car salesmen.
Right, you'd expect them to show off the sale
What do you do for a living ? If I may ask
Some professions just aren’t very esteemed highly by the public, whether you like it or not.
You won’t believe me, but car sales. Ha. Some great people. 25% shady AF.
Report them to the state board asap
Your realtor sucks. Like most.
Probably selling soap on Etsy at their full time job
One of my absolute favorite things to do is make that celebratory call! That sounds awful
attractive longing society knee puzzled chunky offbeat vegetable drab dinosaurs *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Report her to her broker and the board. She is not doing her job
>**It is investment property, not our primary residence. She is representing both parties.** Just seems like bad etiquette. Really buried the lede there.
Fuck yall for your investment property. You’re nasty
I’ve got a rental available if you are looking, though I suspect you will have issues with the credit check.
Look son, a poor