Is it unethical to use more than one broker when buying a house?


broker
Kirrabilli asked:


I want to buy a house and are considering using a broker to find it. Someone told me you should only use one broker. My concern is if this broker doesn’t find me my dream house, I may have to use another one later. And I can’t understand why I cannot contact more than one broker so they can all work for my interest. Is that a wrong thing to do? I want to check.

This entry was posted on Thursday, September 24th, 2009 at 12:00 am and is filed under Renting & Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Is it unethical to use more than one broker when buying a house?”

  1. Savetheworld Says:
    September 24th, 2009 at 3:46 am

    You can contact as many brokers as you want. Its a very competitive business and depending upon the broker and his or her efficiency you may take little or a lot of time to buy your house. There is no harm in contacting more than one broker. Savetheworld

  2. Janet P Says:
    September 27th, 2009 at 4:54 am

    Be prepared to pay commission out of pocket, both brokers will have legal claim to commission if you use two and you will not be able to close a sale until they are all paid.

    While the commission is usually seller paid the buyer has to pay if they inooved more then one broker. Count on another 3% out of your pocket. Janet P

  3. hanora Says:
    September 28th, 2009 at 12:30 am

    If you work with one person, have a contract for a specific period of time. After the term of the contract if you don’t like them you can move on to a different buyer’s agent. You don’t have to have a contract, but if you don’t most good agents won’t spend much effort on you because you aren’t a client of theirs. hanora

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