613,494
As a buyers agent, my fiduciary duty carries more clout than not stepping on the toes of an agent that is MIA or refuses to cooperate. Agency relationships are LAW, the code of ethics is not.
I am legally bound to do what is in the best interest of my buyer client.
In the old days the Florida real estate commission hotline was manned by seasoned attorneys who "got it". Today they are manned by green attorneys just out of law school who have to "look up" what you are speaking about. If I want an accurate answer, I will not go to the legal hotline.
THAT IS WHY THEY WILL ONLY GIVE YOU A VERBAL AND NOT PUT ANY ANSWER IN WRITING...You better believe that I would go to the seller...who is going to complain?
- The seller? who is happy to see the offer?
- The Buyer who is glad that you got to present it?
- The listing agent who is not doing their job?
Sorry, but I am contacting the seller...go sue me.
Eve
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Barbara Todaro
Franklin, MA
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Jeff Dowler, CRS
Carlsbad, CA
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Richie Alan Naggar
Riverside, CA
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Fred Griffin Florida R...
Tallahassee, FL
1,530,144
In my board (and I believe all of california) the buyer's agent has the RIGHT to present the offer directly to the seller. It's considered bad form and almost never done, but it can be.
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Inna Ivchenko
Encino, CA
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Les & Sarah Oswald
Eastvale, CA
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Richie Alan Naggar
Riverside, CA
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Fred Griffin Florida R...
Tallahassee, FL
2,827,518
Interesting to note: What exactly do you tell your principal as to why you cant perform here? A story? What was the reason they hired an agent to begin with? No results? I will be the first to tell you that not everything a human does can be defined by law. There has to be heart and spirit there too. Why you do something is just as important as doing it. Travel well each one
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Richie Alan Naggar
Riverside, CA
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Candice A. Donofrio
Fort Mohave, AZ
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Fred Griffin Florida R...
Tallahassee, FL
1,090,645
Uh boy. Send the buyer? Really?
All the years, all the brain cells we have spent advising our clients NOT to talk to the other principal . . . send the buyer?
Hugs and kisses to Tonya, but I would probably go to the Association before I'd send the buyer.
"How to lose all control over a transaction" LMAO!
OH, and AZ Peeps: Commissioner's Rule R4-28-1102 #2 references this EXPLICITLY:
R4-28-1102. Property Negotiations
Except for owner listed properties, negotiations shall be conducted
exclusively through the principal’s broker or the broker’s representative unless:
1. The principal waives this requirement in writing, and
2. No licensed representative of the broker is available for 24 hours
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Lyn Sims
Schaumburg, IL
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Eve Alexander
Tampa, FL
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Fred Griffin Florida R...
Tallahassee, FL
1,004,118
Wow, glad we don't use lawyers here!
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Fred Griffin Florida R...
Tallahassee, FL
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Jessie Cochran
Panama City, FL
617,935
I'm with Candice A. Donofrio, if it is a one person show, go to the local association and ask for help. I've had a lsiting agent go MIA.
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Candice A. Donofrio
Fort Mohave, AZ
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Fred Griffin Florida R...
Tallahassee, FL
2,227,216
I am glad to hear Fred Griffin
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Fred Griffin Florida R...
Tallahassee, FL
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Anthony Acosta - ALLAT...
Atlanta, GA
1,745,727
I did read this in your blog and it was very interesting, but I must agree with the attorney
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Eve Alexander
Tampa, FL
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Fred Griffin Florida R...
Tallahassee, FL
1,643,127
I think, every state would have slightly different answer to this situation. For CA read Ryan Huggins - Thousand Oaks, CA comment.
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Fred Griffin Florida R...
Tallahassee, FL
4,800,282
That's quite an interesting potential solution. Though, I would think there needs to be another way to deal with this issue.
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Lyn Sims
Schaumburg, IL
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Fred Griffin Florida R...
Tallahassee, FL
917,243
5,584,078
Eve has the right answer.....
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Fred Griffin Florida R...
Tallahassee, FL
5,248,445
Okay, I will, Fred. You are just such a tease!
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Fred Griffin Florida R...
Tallahassee, FL
544,158
I'll have to check into this further with our board, but am so thankful for the post and the legal advice. It is great advice.
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Fred Griffin Florida R...
Tallahassee, FL
4,434,227
8,079,548
3,416,322
What a great solution and yes, make sure the buyer agent agreement is in place first to protect you.
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Fred Griffin Florida R...
Tallahassee, FL
3,073,909
1,273,949
Thanks for the information and the interesting way you presented it.
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Fred Griffin Florida R...
Tallahassee, FL
3,208,060
I guess it depends on various state laws. We have to have three documented attempts to and then we are allowed to go directly to the seller.
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Fred Griffin Florida R...
Tallahassee, FL
3,988,138
I do believe the board could help in this matter and at least aid in filing a complaint.
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Fred Griffin Florida R...
Tallahassee, FL
2,420,833
I think this is a great discussion
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Fred Griffin Florida R...
Tallahassee, FL
3,762,439
Hmmm. Maybe we need a rewrite of the section of the NAR Code of Ethics governing these situations.
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Fred Griffin Florida R...
Tallahassee, FL
216,960
If a Seller's agent is MIA, then I would think the managing broker would be the one to contact. I can't agree that sending the Buyer is wise. Interesting scenario.
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Fred Griffin Florida R...
Tallahassee, FL
2,443,345
I like her style, and I would definately get the commission letter signed.
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Fred Griffin Florida R...
Tallahassee, FL
1,771,967
What a great story Fred. I learned from you.
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Fred Griffin Florida R...
Tallahassee, FL
2,280,585
Thanks for the follow-up, Fred.
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Fred Griffin Florida R...
Tallahassee, FL
3,986,423
I disagree...If you try hard and get no where with anyone from the company yoiu CAN go directly to the seller. But, the time span needs to be at least 24 hours. Then let the seller know and ask how THEY wnat to proceed
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Fred Griffin Florida R...
Tallahassee, FL
1,157,841
The attorney was very creative.
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Fred Griffin Florida R...
Tallahassee, FL
1,683,912
That's an interesting response. It depends on what kind of attorney they are. Some are not well studied in Real Estate, so there have been times when they have given poor advice. We always check with the Real Estate Board in our state, who have attorneys there to answer our questions. Only the Managing Brokers are allowed to access them.
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Fred Griffin Florida R...
Tallahassee, FL
1,865,842
As I mentioned in the other post, I remember our board attorney screaming NO for any reason (IL). A dilemma that I'm sure everyone will face someday. Better find out what to do in your state.
Excellent thread Fred.
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Fred Griffin Florida R...
Tallahassee, FL
864,708
I would not, but if I did present the offer to the seller directly, I would make sure the listing broker was present.
Patience is a great virtue.
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Fred Griffin Florida R...
Tallahassee, FL
5,773,924
Glad your post was featured, and thanks for the research you did. A
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Fred Griffin Florida R...
Tallahassee, FL
1,525,616
292,685
I would not stop there with buyer trying to present offer to seller . I would find out Who is the managing broker? making a complaint to the managing broker and filing a formal complaint to your board?
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Fred Griffin Florida R...
Tallahassee, FL
3,344,351
I believe this was covered once in a CE class and may well vary state to state...here you are licensed as "an agent of the Seller" and may well deliver the offer.
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Fred Griffin Florida R...
Tallahassee, FL
6,619,422
Good bit of info Fred, good that you sought the advice of an attny.
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Fred Griffin Florida R...
Tallahassee, FL
290,969
Great follow-up on your original Blog Fred Griffin - I learned something new today, and did not know that! Thank you for sharing Attorney Tonya's comment.
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Fred Griffin Florida R...
Tallahassee, FL