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  #1  
Old 03-26-2006, 08:17 AM
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Join Date: Dec 2005
Location: oregon
Posts: 4

seller wants to make the house a rental, not list in MLS


What is the name of your state? oregon.
First, I am a realtor. But outside of that, my friend had me meet her neighbors because they were going to sell their home and she & I want our families to live close to each other, I met them, saw the home, it was indeed a good fit for me ... they were supposed to go into the MLS with their realtor later that week and decided to put the brakes on that right after I got off the phone with their realtor wanting to set an appt. for an offer I wanted to present to them.. Their realtor called me back and said they are thinking of keeping the house as a rental and its not going on the market at this time. But I am under the impression after talking to my friend - their neighbor, that they want to wait a few months and go FSBO, possibly to me if they dont make it into a rental. If they can withdraw from their listing contract can they still sell to me & my family, does the listing contract have to expire? Would the fact my friend first introduced me to the property and the sellers make herthe 'procuring cause' if a sale came out of all this, or after I contacted their realtor is there no way I can make this house mine with out going thru her? Would I somehow be in an ethical violation if I bought this home directly from them at a later date?
  #2  
Old 03-26-2006, 08:54 AM
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Join Date: Sep 2004
Location: Pittsburgh (North Hills)
Posts: 1,572
Since you are a Realtor, presumably in Oregon, carefully read the listing contract for your area. The answers to your questions will be there. If you still can't figure it out, talk to your manager/broker. This is something that is encountered everyday in the real estate world.


BTW -The word "Realtor" is capitalized
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Last edited by PghREA; 03-26-2006 at 02:01 PM.
  #3  
Old 03-26-2006, 01:19 PM
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Join Date: Aug 2005
Posts: 1,964
Quote:
Originally Posted by andylee
What is the name of your state? oregon.
First, I am a realtor.
That is one hell of a scary thought! And you do not even know about real estate contracts?
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