Is it ok to ask an agent from a different brokerage to show a property for me or conduct an open house?
Some key take-aways include, but are not limited to:
• Agency is an important factor and disclosure is required.
• Broker consent is required.
• A salesperson can only be compensated by the broker with whom he or she is licensed.
• Who is responsible if a buyer relies upon information provided by the third-party showing agent? Will E&O insurance provide coverage?
• What if the property is damaged or an injury occurs during the showing? Who is indemnified? • What if the buyer wishes to work with the third-party showing agent instead? Could there be a procuring cause claim?
