Agent knowledge of variouis parameters

[Lillie767]

Originally Posted by Diana Holbrook

I can think of one reason.... so she could be better informed in the future about how far below market value those kinds of offers usually are.

My job isn't to educate her. Her only job was to get me the best price she could.

[City Guy997S]

Originally Posted by howard555

I was not implying a secret club.

This agent asking my price range and wanting a copy of my pre-approval letter reminded me of a comment on another thread (?) about not disclosing the most you can pay.
At this point the agent knows I'm looking and I did give a price range.

But I am on the fence on giving them a copy of my approval letter.
Should I?

they are making sure you are a qualified buyer!

There is a saying in the car business, "buyers are liars" and it would also apply to real estate. Your agent might suspect you are a time waster especially if you haven't talked on the phone, just sending random texts.

[Diana Holbrook]

Originally Posted by Lillie767

My job isn't to educate her. Her only job was to get me the best price she could.

And my job was to think of a reason (a non-nefarious one!) she might have wanted to know. Obviously it wasn't really important either way.

[2bindenver]

Originally Posted by MikeJaquish

Yoiks.
Did/Does the MLS back you up?

Every time. It’s also a COE violation if the listing broker is a Realtor.

[howard555]

Originally Posted by MikeJaquish

I've been saying for years: Never sign a buyer's agency agreement that doesn't give you the right to unilaterally terminate.
I did that with all buyers.

I have not given this agent my approval letter since there are no properties to consider.
We discussed for sale by owner and they say the seller's are trying to avoid commission. I said if an agent helps me on a buy I'll pay a commission.
So what is the best way to tell them I don't sign buyer agency agreements.

I'm thinking I never hear back from them. Should I sign with some extremely clear termination clause? Thanks.

[MikeJaquish]

Originally Posted by howard555

I have not given this agent my approval letter since there are no properties to consider.
We discussed for sale by owner and they say the seller's are trying to avoid commission. I said if an agent helps me on a buy I'll pay a commission.
So what is the best way to tell them I don't sign buyer agency agreements.

I'm thinking I never hear back from them. Should I sign with some extremely clear termination clause? Thanks.

You will soon find that areas where buyers agency agreements are currently not required will be requiring agents to use them.
Read carefully.

I can tell you that I always offered unilateral rights for either party to terminate.
I don't feed language any more because I don't know what your agreements look like, and it is legal advice specific to your agreement.
I am not an attorney.