Renter Tries to End Run Agent
Posted by LaLa on 04 Feb 2007 | Tagged as: Blog, LaLa's Tips
Here is a question I received from a renter a few days ago: If a broker has shown me an apartment that is generally a no-fee apartment, how soon after he shows it to me may I go directly to the apartment to rent it on my own? In other words, how long does a broker have rights to a fee after he shows an apartment?
Good grief. There is a general perception that real estate agents are untrustworthy. Unfortunately, many consumers take advantage of agents, also.
Here was my response to this renter: Some brokers work by having you (the renter) sign an agreement, so you should check that agreement. In any case, personally, I think you have a moral obligation to pay the broker a commission. Would you like it if one of your clients tried to end run you? If you think for some reason the broker did not earn his commission, talk to him or his manager.
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