Market Wise Column
Buyers lose out when agent sends an assistant to present offer
A: Not according to one real estate attorney I consulted. However, many other real estate attorneys might disagree during a lawsuit. Seasoned agents for decades have been taken aback when a buyer's agent sends an underling to present a purchase offer. It's happened to me on several occasions. Buyers hire a buyer's agent to secure a property by way of offer, acceptance, and ratification. Shifting the groundwork of buying a home during the most pivotal moments to an unlicensed assistant is nothing less than stunning. It's important to note that brokering real estate in today's fast-paced world is commonly over email servers. Emailing a purchase offer is even more counter-productive then sending an apprentice to present in front of sellers and listing agents. On the other hand, a minority of agents still requests the buyer's agent to submit their buyer's purchase offer in-person. A purchase offer presentation is also a "job interview." The sellers and listing agents need competent licensees who can perform the all-important critical duties of a buyer's agent. Regardless, investigate loan officers at the Nationwide Multistate Licensing System (NMLS) via http://www.nmlsconsumeraccess.org. And always make sure a real estate agent is also an upstanding licensee at the Department of Real Estate (DRE) via http://www.dre.ca.gov/consumers. Home sales are the most critical transactions in people's lives and should be not brokered with smartphones and tablets.
Have a question? Need a Realtor? In his three-decade career, broker Pat Kapowich has been providing clients and attorneys turnkey services including relocation, property prep, staging, market analysis, and strategic planning.
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