Girlfriend is representing the buyer - Posted by Teacher

import · February 23, 2007, 12:31pm

Posted by blucat on March 12, 2007 at 23:24:05:

“Best bet, do it on the “down low”, on the sly, don’t let the broker know. If the other agents says “I can’t pay you, it’s a violation of license law”, then have that agents make your girlfriends car payment for the next x number of months to the debt has been settled”

This is not good advice, as you’re advising the Agent to violate the law…and not telling the RE Broker would be a clear violation of his RE licensing law as well as a breach of his agency contract that would be grounds for the broker tossing him out on his ear and probably causing him to lose his RE license permanently.

If I ever caught any agent of mine trying to hide something from me, he/she would be out the door quicker than he could blink.

import · February 23, 2007, 12:31pm

Girlfriend is representing the buyer - Posted by Teacher

Posted by Teacher on February 23, 2007 at 13:31:18:

Hi,

My girlfriend and I just received an offer on my house. She is the listing agent, and the buyer does not have an agent. Her real estate company is now telling her that it is illegal for her to also represent the buyer, as it is a conflict of interest. This situation does not make any sense.

Please help!

import · March 31, 2007, 5:17pm

Re: Girlfriend is representing the buyer - Posted by Mark (SDCA)

Posted by Mark (SDCA) on March 31, 2007 at 17:17:22:

VEYR doubtful. This is state law of course. But in Cali it’s called dual representation. The standard realtor’s purchase contract should cover this.

import · February 25, 2007, 8:27am

Re: Girlfriend is representing the buyer - Posted by Natalie-VA

Posted by Natalie-VA on February 25, 2007 at 09:27:06:

What state are you in? In Virginia, there would be 2 choices:

She could represent both of you. In my opinion, representing both parties is a conflict of interest; however, the law allows it.

OR

She could just represent you. That would make the buyer a customer, and you her client. Her allegiance would be to you.

The bottom line is that she must follow her broker’s policy, even if the law allows her to do more.

–Natalie

import · February 23, 2007, 1:21pm

Re: Girlfriend is representing the buyer - Posted by Doug K.

Posted by Doug K. on February 23, 2007 at 14:21:29:

It’s not illegal, but it may be considered a violation of “license law”. Best solution, have someone she knows and trust who works in her office represent the buyer, then have that agent pay you girl a “referral fee” out of the commision earned AFTER closing. Either a percentage or a flat fee. Some brokers frown on this, some don’t. Best bet, do it on the “down low”, on the sly, don’t let the broker know. If the other agents says “I can’t pay you, it’s a violation of license law”, then have that agents make your girlfriends car payment for the next x number of months to the debt has been settled