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HOW DO YOU KNOW IF THE REALESTATE AGENT SUBMITTED YOUR OFFER ON A HOME?

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December 27 2010 - Las Vegas
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The long and short of the process is that the buyer never can be certain that the offer was presented to the seller. Too many cases where the buyer does not have recourse even when they have their own selling ("buyers") agent. Trust but verify should be in place when the transaction will be your largest purchase. Unfortunately, the verify part is difficult as seen by the following scanarios that have been reported over time.

1. The agent fails to present the offer in time (i.e., it may be submitted after the window for offers has expired). He/she informs you that the offer was submitted which is technically true but  just as true as the seller pays the commission.
2. The agent simply did not pass the offer to the seller: a) remains silent or evasive when you ask - did you submit the offer to the seller? Answer: I am waiting to hear from the seller or b) Verbally tells you a falsehood (let's say you prove that he/she lied - what's your damage and how do you collect from a large brokerage?)
3. Sellers rarely sign and return every offer they received.
4. Signatures can be done after the fact - it should not be but who knows since the buyer has zero direct visibility.
5. The selling agent may send the offer to the listing agent with a cc to you but the buyer does not know if the listing agent presented the offer to the seller.

In short the mechanics are very dependent on agents (this should not be the case) - good agents produce  good outcomes. But the mechanics are not transparent - hence the opportunity for errors and/or misrepresentation and/or even fraud  when the agents are less honorable.
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January 16
I would suggest getting a written confirmation or an acknowledgment from your Realtor. On the California purchase contract at the bottom of page 8 of 8 there is an area where the broker has to initial and date that the offer was presented and then there is another spot below that that the selling agent has to initial and date that the offer was rejected. This way a buyer has proof his or her offer was shown. I hope this helps.
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January 16
On the contract the REALTOR will have there credentials.  The Credentials will include  public ID, broker number and agents number.  Hope this answers your question.[deleted by Zillow moderator. please see our Good Neighbor Policy for posting guidelines]
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January 16
Profile picture for km9
  • km9
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Offers these days should always be done through email with a copy to you the buyer imo.  Everything must be wide open for you to see; otherwise pack up and ditch the agent for another who will.
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December 28 2010
This is a GREAT question.  Especially if you are dealing with a property with mulitiple offers or a REO.
In our MLS, you can ask for a signed offer acknowledgment form. The seller signs it (if they are willing) stating that the offer was presented to them. It doesn't say whether the offer was accepted/rejected/countered,  just that is was presented.
When it comes to REO, much tougher.  Sometimes we think they do not get presented to the bank.  First of all, make sure you submit all documents the listing company requires on REO or they won't submit it.
I think almost no way to be sure your REO offer is submitted when a the offer is going through the listing broker (unfortunately).
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December 28 2010
Why wouldn't they submit your offer?

They want to make a commission - can't do that without having an offer accepted.

If you are so distrustting of your agent = perhaps you should find s new one.................if you need, for whatever reason, reassurance - just ask for the listing agent (or seller)  to acknowledge, in wiriting,  that your offer was received.

Best wishes.......
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December 27 2010
I cringe to think that you are asking that. If you do not trust your realtor to present your offer, even if it is a low offer, then something is wrong with your relationship with your realtor.
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December 27 2010
This question hits home as I am in the midst of trying to buy a home.  I had submitted an offer in early November and the listing agent had lead me to believe (although my offer was technically a backup..it was may impression it was going to be submitted to the bank simultaneously) that my offer was in there this whole time.  Lo and behold, I spoke with that listing agent today and my offer was never officially sent to the bank (apparently the bank was verbally aware).  At any rate, it just goes to show that even what you think may be happening is not necessarily the case.  You can always ask the agent to provide proof of submission, although this is not a sure fire way of getting your desired answer.  As others have mentioned, agents representing the buyer are not able to contact the seller directly, but you have more free reign.  Bottom line is if you want to know the answer to something, ASK!! Then get any supporting documentation, if possible, to make you feel comfortable with the given answer.  Best of luck!
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December 27 2010
As a buyer you can do things that your agent can not. Send a letter to the seller and ask.
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December 27 2010
You can request a written confirmation or acknowledgment of receipt of your offer from the seller. The confirmation can be as simple as an e-mail.
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December 27 2010

All agents are required to submit any and all offers to their sellers, even if they do not agree with the offer, they are required by law to submit them.  Ut is always the sellers decision whether to accept the offer, decline it or counter it.

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December 27 2010
 
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HOW DO YOU KNOW IF THE REALESTATE AGENT SUBMITTED YOUR OFFER ON A HOME?
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