"Are You Currently Working With A Realtor?" Oopsie I Forgot to Ask?

By
Real Estate Agent with Better Homes Realty - BH Referral Associates

This morning I sat through a mock arbitration and mediation.  Its amazing to me what you can learn from your local Board of Realtors Nancy Dance did a great job but I have to say, it was ruled that David Wyant was awarded the $33,000 commission. 

Keep in mind this was a mock mediation and arbitration.

 

While there I learned something new that made me realize I do believe many Realtors are Violating the Code of Ethics

"The National Association of Realtors, Code of Ethics."

One of the responsibilities of a Realtor is to protect the public from harm. 

 Failing to ask that important question, Are you currently working with a Realtor can be harmful especially if you show property to a potential customer that already has an established relationship with another agent.

I have read the Code of Ethics many times, however, I miss that one.  For me to ask that vital question was always courtesy and respect to fellow Realtors.  It just made sense...I didn't realize it was my obligation as a Realtor to ask.

We make so many mistakes in assuming the general public knows and understand how Realtors work. 

Its our responsibility to know what is right, not their's. 

Why not explain how we get paid?  How we work and what we do. 

According to the National Association of Realtors, Our Code of Ethics Reads....

Stand of Practice 16-13

Before providing substantive services (such as writing a purchase offer or presenting a CMA) to prospects.  Realtors shall ask prospects whether they are a party to any exclusive representation agreement.  Realtors shall not knowingly provide substantive services concerning a prospective transaction to prospects who are parties to exclusive representation agreements, except with the consent of the prospects exclusive representatives or at the direction of the prospects.   

So the next time you jump for that Potential buyer remember to ask that vital question....

"Are You Currently Working With A Realtor?"

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the flag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Tags:
realtor
nancy dance
david wyant
code of ethics
arbitration
mediation
daytona area association of realtors
midori
midori miller

Comments 109 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tshirt to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
5,141
David Stewart
On Top of the World Communities, Inc.
I'm with Lenn Harley. The question is not "Are you working with an agent/REALTOR?" It's "Who is your agent?" 
Why? Because it's harder to come up with a false response when it has to be a name rather than "Yes." You put them on the spot to name the agent, not to just blow you off by saying "yes."
September 30, 2007 08:49 PM
Ambassador
1,482,256
Gary Woltal
Assoc. Broker Realtor SFR Dallas Ft. Worth
Keller Williams Realty
Great reminder Midori about checking on representation by a client already by an agent. We can make many assumptions in real estate which are completely false. It never hurts to keep checking. Even some FSBO signs that do not mention listing agents are in the MLS.
October 16, 2007 09:25 PM
Rainmaker
476,413
Robert L. Brown
Grand Rapids Real Estate Bellabay Realty, West Michigan
www.mrbrownsellsgr.com
Well let me throw my 2 sense in. I thought i was working with a client(who i've known for many years) but i was informed a few days ago from a lender that she was referred to her by another realtor. I thought ,because we were "friends" i didn't have to worry about that. So yes that was MY fault. Not theirs. It's my responsibility. it's my business. And i'm responsible for it.
October 17, 2007 08:32 AM
Rainmaker
298,489
Heather the Realtor Orlando, Lake Mary
First Time Home Buyers, Bank Owned Homes
LemonTree Realty
Well I will say I was just recently screwed by another realtor that I know. She couldnt have asked the question or else she would have found out the way the buyer knows about the house is because I was suppose to show it to her in a few days but for whatever reason she was impatient and jumped right in. And I hope karma comes back I saved a realtor this weekend. A potential buyer called on an ad I had placed on new construction homes. We started talking and I asked oh by the way are you working with a realtor. She stated yes, I said well tell your realtor too look up communities by this builder in this area and they will be able to help you. She stated back well I would like to see these now can you take me? I explained are you happy with your realtor, has he/she been working with you? If so then no I cannot help you see as realtors we only get paid when you purchase a home through us, so it would be unethical for me to show you this property and possibly write a contract, please call your realtor and they will help you. I did say however if your realtor is unwilling to help or you are unsatisfied with their service then please contact me. 
October 28, 2007 06:16 PM
Rainer
2,166
Deb Carney

It does take some work, but if you put some safety nets in place, you can save yourself some aggravation.

At Open Houses, I have an individual sheet for each person signing in.  It has a line asking if the person is in contract with a Buyer Agent.  And I ask that they write the agent's name.  There's a short paragraph stating that if I am not told of buyer representation they have, their agent will not be compensated. That helps to get them to fill out the form completely.

I email agents in my area to inform them of the open house, and ask that they call or email me ahead of time to give me their clients' name if the agent is sending the buyer unaccompanied.  I do get an occasional response and that is helpful.

If the buyer says they are not working with someone, I still probe around - "Have you seen many homes in town?"  "How did you hear of the Open House?"  This flushes more out. 

Sometimes it feels like our job is intrusive to potential buyers, and they get sick of being asked questions. If I get the feeling that the buyer is withholding information in fear that I'm a hard-sell agent, I back off, but insert disguised probing questions as the showing goes on. 

November 07, 2007 11:59 AM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the graph to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
454,032

Midori Miller

Homes In Fort Lauderdale, Real Estate Training - R
Ask Me Anything!
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tree to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: