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Is the Realtor a member of the local MLS (Multiple Listing Service)?
If so, any other member of the Service could show the property, and accept an offer on it.
The fact that the listing agent went on vacation (or whatever) does not stop the sales process. Any agent or broker in that office can present an offer to the seller(s).
Until you present an offer in writing, with Earnest Money, the property can be shown by any agent or broker from any MLS office. When such an offer is received, the property is noted in the MLS as "Pending". If the offer is accepted by the seller(s), the property can be shown as "Sold". If the prospective buyer can not close the sale, the property will return to "Active" status.
IMO, the listing agent lied to you when he said he would see to it that no other offers would be made or accepted until you had a chance to look at the property. He also lied by omission when he didn't refer you to another agent in his office to show you the property.
I think you need to find your own Realtor to act in YOUR best interest as a Buyer's Agent.
I have a feeling that he may have used my interest in the house to prompt another interested buyer to jump on an offer.
As far as getting a buyers agent, this property is about 1K miles away, and this was the first property I found that I was interested in. This guy was going to be our buyers agent if this property wasn't what I wanted. We had several other homes scheduled to look at with him.
No - he would have been in a dual agency situation, and not YOUR agent.
Is the Realtor a member of the local MLS (Multiple Listing Service)?
If so, any other member of the Service could show the property, and accept an offer on it.
The fact that the listing agent went on vacation (or whatever) does not stop the sales process. Any agent or broker in that office can present an offer to the seller(s).
Until you present an offer in writing, with Earnest Money, the property can be shown by any agent or broker from any MLS office. When such an offer is received, the property is noted in the MLS as "Pending". If the offer is accepted by the seller(s), the property can be shown as "Sold". If the prospective buyer can not close the sale, the property will return to "Active" status.
IMO, the listing agent lied to you when he said he would see to it that no other offers would be made or accepted until you had a chance to look at the property. He also lied by omission when he didn't refer you to another agent in his office to show you the property.
I think you need to find your own Realtor to act in YOUR best interest as a Buyer's Agent.
FWIW... many of your details are inaccurate, but your bottom line is a good one.
He isn't, nor was he ever, your agent. Next time someone asks why they should hire a buyer agent or complains about buyer agents existing I'm just going to link this thread.
He isn't, nor was he ever, your agent. Next time someone asks why they should hire a buyer agent or complains about buyer agents existing I'm just going to link this thread.
In my OP, I fully acknowledged that he had no obligation to me. My confusion lay with him promising to hold/contact me if an offer was made before I could get there, to give me the option of giving a higher offer for the house, and then not doing so. Seller could have potentially gotten a better offer from me.
I am not an agent but, if I understand the process, a seller's agent has an obligation to pass forth any offers they receive in a timely manner to the seller. At that point, the seller gets to decide if that is the offer they want to accept or if they prefer to wait for others to come in. That agent could have mentioned your interest to the seller but they were in a hurry to lock something down.
As others have mentioned, having your own agent is the best way to have someone looking out for your best interest.
I am not an agent but, if I understand the process, a seller's agent has an obligation to pass forth any offers they receive in a timely manner to the seller. At that point, the seller gets to decide if that is the offer they want to accept or if they prefer to wait for others to come in. That agent could have mentioned your interest to the seller but they were in a hurry to lock something down.
As others have mentioned, having your own agent is the best way to have someone looking out for your best interest.
Varies by state to some extent, but this is basically the gist of it. Now, a tire-kicker from 1,000 miles away would not meet any real definition of an interested party.
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