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Realtor with 2+ Clients Interested in the Same Listing


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#1 rambaldi

rambaldi
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Posted 02 March 2016 - 06:37 PM

Hi Marko,

 

What does a REALTOR do when two or more of his clients:

(a) Are interested in viewing the same listing?

(b) Want to place an offer for the same listing?

 

Thanks.



#2 MarkoJ

MarkoJ
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Posted 02 March 2016 - 11:11 PM

Hi Marko,

 

What does a REALTOR do when two or more of his clients:

(a) Are interested in viewing the same listing?

(b) Want to place an offer for the same listing?

 

Thanks.

 

I would guess my average buyer takes a look at 15 properties before buying; therefore, the chances of 1/15 x 1/15 occurring is very small.

 

a) I show them both the listing; reference above calculation for reasoning.

 

b) If they happen to both want to place an offer while legally I could write offers for both I keep things really simple.  I pass one buyer off to a colleague at my brokerage.  If I have a cash back arrangement with the buyer I ensure my colleague is offering the same deal to that buyer. 

 

You have to remember Victoria has 1240 REALTORS®, it isn't a small town environment where these scenarios often arise.


Edited by MarkoJ, 02 March 2016 - 11:13 PM.

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