Real Estate Insider Tips [Procuring Cause]

Mar 16, 2020 9:20:36 AM / by Mark Gorman posted in real estate, buyer's agent, commission, homebuyers, dual agency, representation, listing agent, selling agent, home showings, disclosure, negotiation, procuring cause, home tours

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"Procuring cause" is a real estate term which agents, brokers and sometimes buyers use to determine who will receive the commission on a house sale. It is widely identified by the specific tasks performed by a real estate agent which lead to an accepted purchase contract and successful sale of real estate.  

In many cases, the "procuring cause" task could be identified as the first showing of a house by a real estate agent which a buyer purchases. "Procuring cause" could also be construed to mean the task of writing and negotiating the purchase offer. Since there is no hard and fast rule as to what specifically triggers "procuring cause", its easy to see how this situation can get tricky.

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You found it! Should you call the listing agent to view the home?

Aug 21, 2019 8:09:00 PM / by Mark Gorman posted in buyer's agent, commission, listing, home purchase, homebuyers, housing market, dual agency, homes for sale, real estate tech, representation, agency, listing agent, selling agent, St. Louis, Zillow

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You can call the selling agent to setup an appointment to view a home, but not having your own representation could be tricky...

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Do I have to use the agent who shows me the home?

Jul 23, 2019 7:58:00 PM / by Mark Gorman posted in touring homes, buyer's agent, commission, listing, homebuyers, dual agency, homes for sale, agency, listing agent, open house

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Many buyers wonder if the listing agent of a home they are interested in will show the home to them. The answer is "yes", as the listing agent is obligated to show his or her client’s home. A listing agent is hired by the seller to work 100% for the seller’s best interests.  

Additionally some buyers wonder if they can save some money by going directly to that seller's agent to buy the home. On the surface, the thought of cutting out the "middleman (a buyer's agent)" may sound like a way to save time and money. While it may save time, the buyer will NOT save money on that specific purchase transaction.  

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Visiting an open house this weekend? What should you say to the agent?

Jun 21, 2019 1:46:00 PM / by Mark Gorman posted in real estate, buyer's agent, homebuyers, dual agency, agency, listing agent, selling agent, home showings, procuring cause, home tours, open house, home for sale

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When you visit a public open house and an agent asks you to sign the "sign-in sheet" what should you say? What should you write down? What are the rules for who can represent you if you decide that the Open House is, in fact, your future Dream House? 

Many times the agent holding the open house states the seller is requiring a list of everyone who walked through the house as a measurement of interest and to get feedback on the price and condition of the property. Some agents state that their company policy, brokerage and/or seller require the list of visitors for security reasons in case something ends up missing from the house.  

While these are legitimate reasons, if you have ever provided your real contact information at an open house, you have probably experienced being contacted for something other than the explained reason. Most likely you were solicited to see if you wanted an agent to show you a different house or if you needed pre-approved for a mortgage.

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