Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners)

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Rainmaker
1,889,268
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

If they refuse to work with a buyer agent, they become my customer. And I explain to them that my client is the seller (not them) so while I can take their offer and provide forms, I cannot provide advice/etc.  I typically refer the buyer to another agent.

May 29, 2018 03:41 AM
Rainmaker
894,690
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Casual dating. Hahaha
If my Spidey senses aren't tingling too badly, in AZ, dual agency is quite fine as long as disclosed. I might tell buyer if they do not have an agent we will work with them, but it will give them no advantage with the seller. I become the messenger and can reveal no confidences that must be kept.
Or we might tell them that we will not represent them, and that they need to find an agent elsewhere. We may suggest someone for them to contact.
There are occasions where buyer wants to represent themself, and our relationship is broker/customer. As long as they have a clue.
I don't like babysitting.

May 29, 2018 05:54 AM
Rainmaker
4,099,156
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

First, it is going to be cordial and then I am going to follow "the plan" i discussed with the seller in the event such a situation occurs.  Likely, that contact will be working with a colleague of mine. 

May 29, 2018 05:29 AM
Ambassador
4,257,353
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Why repeat what Kat Palmiotti said perfectly?!

May 29, 2018 05:13 AM
Rainmaker
5,571,886
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

my relationship is only with the one side I represent at the time, and it's most often the listing side.... when a buyer calls us directly and does not want to use a buyer agent, we continue to represent the seller..... that's IN WRITING and DISCUSSED VERBALLY....

May 29, 2018 05:06 AM
Ambassador
5,408,079
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Get those calls all the time, refer all of them to my buyers agent, with the expectation that most will buy something else which is fine with me.

May 28, 2018 10:39 PM
Rainmaker
4,209,382
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Explain the options of representation available in your state and let the potential buyer decide.

May 29, 2018 05:08 AM
Rainmaker
4,116,781
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

To be honest... it has not happened to me and if it did, I would make sure the buyer understood they were doing this unrepresented and that my allegiance is to my seller. I would also offer to introduce them to an agent to represent them.

May 29, 2018 03:51 AM
Rainmaker
527,095
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Time for a buyer consult

May 29, 2018 12:01 AM
Ambassador
3,755,185
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I would need to know if they were qualified...

May 28, 2018 10:28 PM
Rainmaker
808,847
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Non-agent/customer. Client is the seller. -Kasey

May 29, 2018 06:04 AM
Rainmaker
3,069,984
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Kat Palmiotti nailed this one!

May 29, 2018 05:37 AM
Rainmaker
577,189
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

I would explain to them that the Seller is my client and I can offer them Customer Service, which means treating them fairly and honestly, without divulging confidential information, and consent must be given by both parties in writing.  I can prepare the offer for them but cannot provide advice..

May 29, 2018 04:35 AM
Rainmaker
888,887
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

My relationship to this buyer is dictated by the wishes of the one who hired me to help sell their house. Of course this is discussed during the listing presentation and my role as an transaction agent is usually approved by the seller NOT the buyer.

May 29, 2018 04:34 AM
Rainmaker
259,017
Lesley Wilson-VanGoethem
Innovative Realty Solutions Group - Winter Springs, FL
Residential Real Estate Broker Associate

In Florida we are transaction brokers, so we can do both sides. I would go one strp further and let them know I would be a non rep , and explain that disclosure

May 29, 2018 04:04 AM
Rainmaker
1,230,031
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Dual agency, once they've proven pre-approval or proof of funds.

May 29, 2018 06:24 AM
Rainmaker
4,042,729
Richard Weeks
Dallas, TX
REALTOR®, Broker

Explain that I represent the seller, explain I can represent him and the seller as an Intermediary with his and the sellers written permission.  I would explain if he and the seller both agree I would not be able to give either party advise and opinion.  In the written permission to act as an Intermediary in bold con specious print I would advise that I could not say the seller would accept less than list price, unless authorized in writing.  That the buyer would never pay more then the offered price, unless authorized in writing.  I will treat both parties honestly.  Confidential information would remain confidential.  I will not violate The Texas Real Estate License Act.

May 29, 2018 05:21 AM
Rainmaker
821,922
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

You would become a dual agent, if it is permitted in your state, but everyone involved would need to consent in writing.

May 29, 2018 04:11 AM
Rainmaker
1,921,264
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I second what Kat Palmiotti said.

May 29, 2018 03:56 PM
Rainmaker
508,283
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

They can be your customer or if both sides agree, it can be an intermediary relation.

May 29, 2018 12:29 PM
Rainmaker
583,890
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

In California and Hawaii, dual agent.

May 29, 2018 09:19 AM
Rainmaker
1,109,295
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

If it's my listing it'll be a Transaction Broker otherwiswe a Byuer's Agent,

May 29, 2018 08:58 AM
Rainmaker
6,606,449
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Follow the regulations in your state.

May 29, 2018 06:38 AM
Rainmaker
5,586,557
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Praful,

You have enough answers here.  A

May 29, 2018 06:33 AM
Rainmaker
3,331,180
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I am a transactional broker unless the customer hires me as their buyer broker. I do get a lot of buyers who call direct on my listings. They sign off the state dsclosure form as any buyer upon showing

May 29, 2018 06:26 AM
Rainmaker
991,135
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Of course, they would be my new best friend Praful Thakkar and I would be a dual agent if both parties agree 

May 29, 2018 06:15 AM
Rainmaker
4,799,491
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I will either be a transaction broker with both parties or have this buyer sign a no representation disclosure.

May 29, 2018 06:14 AM
Rainmaker
2,641,652
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

They get premium fair and honest dealing or dual agency

May 29, 2018 06:12 AM
Rainmaker
4,433,693
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Before showing the house you should have explained agency. 

May 29, 2018 03:59 AM
Rainmaker
1,153,550
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

It happened recently when at an open house someone offered me his eMail so I thank him.  Next day an offer came in, the agent hinted she does not know why she was the one presenting an offer. Never set her footsteps there. 

 

May 28, 2018 10:44 PM
Rainmaker
2,192,971
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

There won't be a relationship. Yes, they expect you to "sell out" and to compromise your principles and ethics in exchange for a commission. Why would anybody want to be involved in such a relationship with that kind of person in the first place, would be my question.

But then I don't do dual representation. I think it's lousy for sellers. Too much risk management for me to deal with as well.

Jun 27, 2018 07:00 PM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Whenn I did listings I always givae them the opportunmity to work with someone else if they chose. 

Jun 27, 2018 06:41 PM
Rainmaker
4,938,383
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Most of my Sellers now want me to stay a Seller's agent, and if someone calls off my sign, I call a REALTOR friend to have them show and work with that person.

Jun 01, 2018 02:53 PM
Rainmaker
196,740
Denise Copeland
Home Sales Palm Beach - Jupiter, FL
Jupiter Abacoa Sales & Beach Front Luxury Homes

This happened on one of my listings recently. I explained to both parties that I am a transaction broker and confidential information will not be passed to either party.

May 31, 2018 02:25 PM
Rainmaker
4,013,334
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I will be a transaction broker for him.

 

May 30, 2018 05:23 PM
Rainmaker
1,639,786
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

We would be Transactional and it would be explained to the buyer before moving forward.  Have one in process right now.

May 30, 2018 06:29 AM
Rainer
87,820
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

I have no issues with a dual representation.

May 29, 2018 11:55 PM
Ambassador
3,478,940
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

If they do not have an agent and it is the right house...I would write the contract. I work for the seller and this is spelled out in a separate addenda with the buyer and made part of the contract.  This is not dual agentcy.

May 29, 2018 08:45 PM
Rainmaker
514,124
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

I discuss Agency, send them the state mandated pamphlet, explain I only represent one party, the seller's but I'm willing to assist them in writing an offer. I provide professional services like a CMA, referral's to competent vendors and do what's best for my seller's.  If the seller's object to me proceeding this way, I refer the buyer to another agent in my office, but that's never happened. I have done this a few times, but the one rule is, Seller interest comes first.  If it's good for my client, why not. 

May 29, 2018 01:39 PM
Rainmaker
454,036
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

As long as they are not working w/ anyone else, they will sign the State disclosure telling them they are unrepresented , I am a Sellers agent all is good!

May 29, 2018 12:19 PM
Rainer
390,419
Anna Hatridge
R Gilliam Real Estate LLC - Farmington, MO
Missouri Realtor with R Gilliam Real Estate LLC

My relationship will either be seller's agent or dual agent.  Depends upon what the buyer wants.  

May 29, 2018 10:43 AM
Rainmaker
645,418
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

People act the same no matter how we meet.  Some are fun, others have a professional relationship and others are just plain miserable.

May 29, 2018 10:13 AM
Rainmaker
1,387,173
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I'll show them the house and write the offer.  This is, to me, the entire point of me advertising my listings... to get the buyer too!

May 29, 2018 09:32 AM
Ambassador
4,579,275
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It would depend on what has been discussed with the seller about dual agency. In all likelihood I would explian this to the buyer and then ask if I can introduce him'her to a colleague or suggest they find their own. Besides they haven't even seen the home yet.

May 29, 2018 07:47 AM
Ambassador
3,055,932
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Relationship of the referring agent. Rinse and repeat what Michael Jacobs said.

May 29, 2018 07:33 AM
Rainmaker
710,004
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

It's a problem.... for sure. Offers from people that have never seen the property. 

My obligation as a listing agent is to sell my client's property, especially when you get a bone fide robust offer.

So, here's how I did it recently. I'll write the contract as a dual-agent, with a 5-day 'subject to' clause which is contingent on the buyer to view and accept it. Buyer has 5 days to travel to the property to remove the contingency by accepting the property while present at the property (by way of irrevocable addendum).

This way, you don't end up with a buyer blocking the sale to another buyer.

May 29, 2018 07:26 AM
Ambassador
1,821,116
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

I know that dual-agency can be tempting... but in Illinois, we can have the buyer sign a "no-agency" agreement. (no idea if that's available elsewhere)...

That means I'm solely representing the seller, and the buyer is "un-represented"...  if they insist on having an agent... I will refer them to a different agent in my office (that doesn't count as "dual" in Illinois), for which I will receive a modest referral fee.

If they insist on dual-agency... I will decline.

May 29, 2018 07:26 AM
Rainer
140,360
Richard L. McKinney P.A.
Atlantic Shores Realty Expertise - Port St Lucie, FL
For Results that MOVE you on the Treasure Coast!

I will set the appointment, show them the property and hopefully write it up representing both parties as a transaction broker in a limited capacity. 

May 29, 2018 07:15 AM
Rainmaker
1,525,305
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Dual agency is a slippery slope so I would refer that buyer to another agent in my office.

May 29, 2018 07:10 AM
Ambassador
2,570,787
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   No Brokerage Relationship. They are a customer.  

   The following disclosure is required by F.S. 475.278

 

May 29, 2018 06:53 AM