Q & A: How Many Buying Brokers Can You Hire?

This is the first freshly written post of 2012. I hope you all had a great new years!
Today we’re posting a video shot last month, and here we discuss how many agents/brokers you (the potential buyer) can employ when looking for a property.

A reader sent me the question on What’s the limit amount of agents a buyer can work with. My answer is: you can work with as many as you want, as long as you haven’t signed a buyer’s brokerage contract. Something you should know: we brokers share the same database (MLS), so chances are, if you’re working with multiple brokers, you will end up getting emails from all the brokers employed containing the same listings. [if you're giving all brokers the same search criteria]

The idea is to get fast results, right? Having to go through so many people to get the same results seems counterproductive. My suggestion: meet a few agents first, but work with the one (or two) that you like the most, the ones that gives you the best service/results. Keep in mind, however, that once you decide to make an offer in a place, you will have to commit to working with one broker, for that transaction.

Transparency is also encouraged. If you are already working with a broker, when approaching a new one, please be clear and let them know where you stand.

Further questions and comments? Feel free to send me an email.

More videos are now available at the Montreal Real Estate Blog

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