What were the possible consequences for a real estate agent being blackballed by the board?

By not showing your home, they risk losing a lot of commission money, having an unhappy buyer, and losing their license/severe penalties if it was a coordinated effort. On the other hand, if they show the home they potentially make a nice commission and have a happy client.

Is your real estate agent faking having exclusive representation?

Many times there is no such agreement; they are merely in discussions with the owner. The agent is simply faking having exclusive representation with the seller to keep other agents away. THE PAYOFF: Using this trick, the agent is able to keep more pocket listings from getting stolen by other agents. Why you should care: False representation.

What happens when you contact a real estate agent?

When we contacted the agent, they were very vague about the location and details of the property. THE PAYOFF: The agent’s pipeline will fill up with buyer leads. These buyers will then be harassed via phone, email until the agent is given the opportunity to show them other listings.

What happens if you make a mistake as a real estate agent?

Even a slight mistake could end up costing a lot of money; a lot of stress; and, worst of all, tarnish your reputation. Real estate agents are particularly vulnerable when it comes to getting sued. With tons of details, multiple clients and valuable properties, it’s all too easy for things to slip through the cracks.

Can a buyer’s agent interfere with another agent?

Agents ask this question because they are required to find out if the buyer already has an agent. If the buyer is already working with an agent, that agent could be guilty of interfering with another agent’s client. Especially if that buyer has signed a buyer’s broker agreement with another agent.