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I am a Maryland agent and yes that is the rule brought down by the Real Estate Commission. Seems some sellers complained that agents were holding their homes open to NOT sell their home but to get buyers. So... now we are not allowed to talk to buyers about other listings at the open but can afterwards. We are representing the seller at the listing and I explain that to the buyers and that I would be happy to discuss other homes after the open is over. Have not found buyers to balk if explained properly. Once they understand and if we have built a repore at the open they are happy to have me talk to them afterwards.
Bottom line for me Mike McClure is that I DO love real estate. I am not a lawyer, a broker or even a teacher but I chose to sell real estate in a state that I love and I will abide within the rules of Maryland law. Its not whether I agree with it all only that I abide by it all ;)
letting go is one of the hardest things to do but one of the most rewarding once you do. Funny how that works but once you get in the habit of letting go real estate becomes fun again and you attract more and better clients. Its an 'energy' thing. :0)
wow.. interesting. Dual agency is allowed in Maryland but only at the broker level. Holding an listing open as THE listing agent means I represent the seller and can NEVER represent the buyer on the listing. Another agent from my brokerage can be assigned to represent the buyer when purchasing my listing otherwise they are under the understaning that the seller is being represented and not them. A lot like new construction. Our agency law also states that we are presumed buyers agents when working with a buyer for any home that is NOT a listing of our Broker.
we have to work within the confines of state laws and it seems to be a trend that they are all about protecting the consumer from us and making us more of a representation business which I'm actually all for.
Bill Lublin go way back up the thread when you referred to the Maryland FAQ. You clearly quoted "Only if the licensee has done everything possible to interest the consumer in purchasing the property, and the consumer clearly states that he or she has no interest in purchasing the property, may a licensee offer to exchange contact information and to assist the consumer at a time after the open house, " and moments later short circuited the law by saying "Simply put, once the agent asks the buyer "are you interested in buying the house?", and the buyer says, "no its not for me", the agent is free to offer them other properties after they go through whatever the appropriate agency disclosures are"...you completely overlooked "AFTER THE OPEN HOUSE". You can not do anything more than schedule a meeting. You can't just blindly say , well they didn't want this house so I am free to chat up others. You did it in the very next paragraph and you wonder why agents overlook laws. It is plain english and was lost in thirty or forty words.