Thread: Duel Realtors?

Trust your instincts. This type of listings do not occur all of the time, at least in my neck of the woods. I would bet that the new guy would not be interested in a situation like that.

Originally Posted by suzq

I just cancelled my first escrow after waiting several extra months (beyond the first closing) in hopes my realtor could get it closed. The market scared the last potential buyers and I want to re-list it with a local realtor that has a great reputation. My current "guy" wants to work "with" the local realtor and share the listing...like a "duel listing". He said these kinds of listings occur all the time. I've never heard of it. Can any of you shed some light on listing this way? Are there pitfalls to doing this? The man I'm going to re-list with is a broker/agent and owns the company. My current realtor is just an agent and works for Prudential. My instincts tell me to just list with my local guy. But...with this market it might be good to have both men out there hustling to get my property sold.

Any advise or questions I should be asking both of these guys? Thank you in advance, Susan

I really doubt that the new agent will even take the listing if he is required to co-list it. This does occur but is very rare. Your first agent is not being entirely truthful. I wouldn't deal with him any more at all. He sounds to shady. Most good agents will not take a co-listing that is not in the same office because of the extra liability that it creates for them. Just list with the other guy and send your most current agent packing.

The main difference between a realtor and a real estate agent is credentials. People use the terms REALTOR

Would your "local" guy even agree to this? Seems like too many fingers in the pie to me. If your current agent has not been able to get the job done then he should be willing to sign a mutual release if you are still within the listing contract time frame. If he is unwilling to do so then I would have a conversation with his broker to get the issue resolved. You never mentioned why the property did not close on time? Was it the buyer's financing or something out of your agent's control? If so considering the amount of time he extended it I would have made the home active again and told the buyer's that when and if they are able to remedy whatever the holdup was then they can write another offer and proceed from there. Sounds like you lost a lot of market time by waiting on these buyers.