what to do if a broker appears to have the same exclusive agreement for the same listing you managing?

In General Area - Asked by Matthew H. - Jan 10, 2012
Report Abuse
Answer this Question

Answer(s)

Chris R.
Broker/Agent
Denton, TX

I'd confer with both the broker in question and the owner to get the situation rectified and clarified as to who has been engaged to perform what services for what period of time.

Jan 10, 2012
Report Abuse
Nancy G.
Broker/Agent
Rochester, NY

The Landlord is legally bound to pay two commissions. NAR has rules on this if it is applicable here. Who had it signed first? Did the second Broker ask if there was a current contract? I have the same issue going on for a listing.

Jan 11, 2012
Report Abuse
Nadina C.
Broker/Agent
Phoenix, AZ

NAR rules only apply to agents and brokers who are members of NAR and the local board. Most commercial agents and brokers do not join NAR. I think Chris' advice is a good place to begin before threatenting 2 commissions. Often owners don't understand the meaning of an exclusive listing and must be educated.

Jan 21, 2012
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question