When am I bound to an agent, can I get out if dual agency?

Profile picture for walkinon1234
We are just beginning the home buying process.  I have found several properties online, and have emailed questions to the listing agents, to determine if the property is worth a look.  I have an agent that I  met at a social gathering one evening, she gave me a card, and said to feel free to contact with any questions.  We have exchanged emails, but she has never shown us a house, or actually met us face to face.  The property highest on our list is one of hers. I'm nervous about having a dual agent, especailly one i don't really know, and want to get the best deal.  Are we committed to her?  How can I find a buyers agent, and what do I tell this woman who has been very helpful providing extra info so far?
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February 15 - Jackson
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Answers (12)

Profile picture for JSteinHomes
Just to add to the excellent advice that has already been given, for dual agency to exist (at least in PA) you must have WRITTEN consent of both parties.  Even if you chose this particular agent to represent you overall, you still have the option of having another agent assigned to work for you should you decide to put an offer in on one of that agent's properties.  Or, that agent may assign the representation of the sellers of that listing to someone else.  That way, you can work with this agent should you so choose, and still be protected when it comes to the matter of dual agency.
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February 16
Profile picture for sunnyview
No you are not bound to her and I would find an agent to represent you for that one house at the very least.

You can limit any exclusive buyer contract to one address or specific houses and if you have not found an agent that you really click with, I would do that instead of buying this house dual agency. Without experience on your side and a commission rebate, there is only downside to dual agency.
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February 16
Profile picture for JohnATaylor
Depending on your state laws. You are not bound to an agent if a contract has not been signed. If you have an exclusive buyers agreement or exclusive right to sell agreement is the only way that you are possibly comitted to a specific agent. If you are looking for an agent  ask questions, and feel comfortable with the one you choose. Meet the agent face to face and see how they present themselves.  Consult a neutral agent or real estate lawyer to answer your questions.

Best of luck!!!
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February 16
The only way you can be sure to avoid the conflict of interest found in dual agency is to have a firm who does not accept listings represent you. Exclusive buyer brokerages represent buyers only.  They never represent sellers, which removes the potential for dual agency.
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February 16
Profile picture for paulalanhoward
You can find a buyers agent by going to the website of the National Association of Exclusive Buyer Agents. The website is here:
http://www.naeba.org   to get directly to the form to request an agent list to interview go to http://www.naeba.org/find-an-agent.asp

Good luck.
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February 16
Buying a home is stressful enough so you need to make sure you work with an agent that you feel comfortable with.  Ask your friends and family for a Realtor they trust.  Then be honest with the listing agent. 
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February 15
Profile picture for ABMinDC
you tell her you want your own representation. She;s working for the seller.

even nice people aren't always looking out for your interests.
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February 15
You are not committed to her or anyone.

Every state handles dual agency differently, and I certainly don't want to turn this into a discussion of the pros and cons of DA........that being said, if you are not comfortable with it, then absolutely find someone new to represent you.

Get a referral from a friend, or call a local RE office and ask to speak with the manager to discuss your situation. My manager often gets these kind of calls, and tries to fit the agent to the person calling in.

In regard to the agent you met at the social function.....it's really quite simple......just be honest with her.

Nothing hurts more or is more frustrating  (for an agent)  than a potential client who no longer returns calls or seems to be avoiding you!
So...tell her how you feel, and what your plans are.
She should be pleased you might want to buy her listing, even if it's not with her as the selling agent! And..do not share any personal information with her....just that you want separate representation.

You could always work with her in case you don't buy her listing.
You have choices!
Make sure you feel comfortable with an agent first, before committing to them.

Good luck!
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February 15
Profile picture for the_country_hick
As far as I am concerned all you have done so far is to ask for a more complete property listing. That information should have all been in the ad to begin with. If it was you would not need to contact the listing agent.

Find someone else to represent you.
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February 15
Profile picture for MikeEmery
Personally, I would not represent both buyer and seller on a transaction and if the buyer was truly interested in buying my listing I would refer them to agent that I felt could best represent them. And no, I wouldn't expect a referral fee from that agent.  I would just be thrilled that my listing was getting sold!

Ask your friends, neighbors, relatives or co-workers if they have recently worked with a real estate agent that they could recommend.
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February 15
Profile picture for dpbarr2000
Having an agent represent you costs nothing, so why not? 
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February 15
You're not tied to an agent until you sign a Buyers Agency Agreement w/ them. Just because you've emailed back and forth a few times does not constitute a relationship. If you want full representation instead of using the sellers agent that's perfectly within your rights. As far as what you tell her is up to you. She probably won't be excited about it no matter how you word it. Just tell her you feel it's in your best interest to have a Buyers Agent and if she can't accept that then too bad. This is about you and your new home and not about her anyways. As far as finding a Buyers Agent I think Zillow is a great place to start because a lot of us have had past clients post reviews on us. You never know for sure how good an agent is regardless of how good that agent tells you they are. But if they have buyers who have actually used their services and will take the time to post a review stating they received good service I think that says a lot.Good luck! 
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February 15
 

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QuestionWhen am I bound to an agent, can I get out if dual agency?
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