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Listing agent versus broker in charge

When your buyer's agent makes an offer, who does she/he deal with? Does the listing agent in the office deal with the seller/bank or does the broker in charge of this agent handle the process?
  • November 13 2013 - US
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Answers (4)

Profile picture for mprssdbyu
Thanks to all who answered!
  • November 13 2013
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This is the protocol, your buyer agent emails your offer to the listing agent and follows up with a call to ensure that the offer has been received.  The listing agent submits the offer to the seller.  If it is a short sale, the present owners will sign the offer and then  it is submitted to the mortgage company.  If the property is bank owned the listing agent emails it to the bank.  Unless the broker is the listing agent as well, the broker does not get involved in the process on either side.
  • November 13 2013
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Profile picture for sallygrenierRE
Typically bank owned properties have a local Listing Agent they deal with. So your Buyer's Agent will submit the offer to the Listing Agent, who will then submit it to whomever is his/her contact at the bank. The managing broker really has no involvement, unless there's a problem.
  • November 13 2013
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When your agent writes and presents the offer, they either present the offer to the listing agent or sends the offer online (via equator) to the bank or company that owns the property.

The broker at real estate offices oversees the agents (typically called sub agents) but most agents are independent contractors and handle their transactions on their own (with supervision of the broker).
  • November 13 2013
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