Many
Home Buyers Are In Question Of The Offer Submitted To Buy. If A home
Offer Has Been Promptly Submitted To The Seller. Legally And Per The
Board Of Realtors Rules They State Following ; There has been a
fluctuation of phone calls relating to the presentation of offers.
Selling Agents (Buyers Agent Who Showed The Home Wrote The Offer) are
calling to inquire about what can be done to confirm that their offer
has been presented ( By The Listing Agent Who Has The Sign On The
Property And Repesents The Seller ). Does the Listing Agent have an
obligation to prove that the offer was presented to their Seller? The
Code of Ethics does not require that the Listing Agent provide proof
that the offer was presented. Although the Code of Ethics doesn’t
require the Listing Agent to provide proof that the offer was
presented, there is an obligation to present the offer to the Seller
objectively and as quickly as possible. This obligation is addressed in
Article 1, Standard of Practices 6 and 7.
As
A Buyer Only Broker ( Exclusive Buyers Agent ) NAEBA chartered member
comes with that title, otherwise agents are just a “ Buyers Agent”. A
Buyers Agent is Buyers Agent Fifty Percent Of The Time And Listing Agent
Fifty Percent Of The Time = Dual Agent.
The
Last Thing A Home Buyer Needs Is A Dual Agent In A Trying Situation
Buying A Home. Not To Know Whose Side An Agent Is Working On And The
Part Time Service / Loyalty That Comes With Dual Agency Is Not What Home
Buyer Needs To Contend With Right?
Home
Buyers Need The Assurance An Exclusive Buyers Agent Gives Them, Since
An EBA Will Not Ever Work With Sellers Or Carry Listings In Their
Office. An EBA Speaks Louder Than Words In A Situation That Needs Full
Time Attention And Tenacity In A Competative Market Condition, Which
Spurs Incedents This Article Mentions.
There
Are deadlines on a Offer To Purchase as that is why we have contracts,
to put a limit on response time back. If a Listing Agent stalls and does
not honor the deadline, my 28 years of experience is, they are stalling
for a higher offer due to come in, or trying to “double end the
commission” with a buyer of their own therefore performing an action of
Dual Agency, stalling and stalling overall on other offerors.
The
Offer technichally expires after the deadline, but buyers need an
aggressive representative in their side to tackle these hurdles. The
Listing Agent could care less in a scenario like this if the offer
expires, they have so many other offers coming in during a Sellers
Market Condition especially ( where there are more buyers looking at
homes than listing inventory for sale on the market).
So
home buyers, protect yourself with a representative that does not list
homes or work for sellers in any capacity, so you know whose side of the
fence they will always be on. NAEBA members like myself are Realtors
Who took it an extra step higher believe in working for only one side
of the real estate transaction full time. I can refer you if you need
someone out of my service areas of Orange and San Diego Counties CA. Buyer’s Only Coastal Realty is always here to answer your questions and offers a private home
search updates every fifteen minutes on our website. Sign up or contact
me via the website and hope you found this blog helpful. As An EBA I
Cover Many Cities And Know The Markst Conditions In Each, To Make Your
Home Buying Experience Streamlined And Complete When It Comes To Finding
The Right Location And Navigating All The Hurdles And Challenges That
Come Up In The Home Buying Process. When I Write An Offer To Purchase
For My Clients I Obtain An Answer Whatever It Takes. Anything Less Is
Unacceptable. So Home Buyers Beware Thought Was Important To Share This
Insight.