How to protect buyer agent from buyer going behind your back
What are some ways a buyer agent can protect themselves from a buyer purchasing a property with the listing and information you provided?
[{"id": "i5ye9sq", "text": "A buyer agency agreement?", "replies": [{"id": "i601z0k", "text": "That\u2019s the legal answer. But it\u2019s not often done. \n\nBest thing is to also introduce the name to Listing agent. You may not get paid but it will be clear you brought the buyer and this buyer is a jerk.", "replies": [], "depth": 2}], "depth": 1}, {"id": "i5yeq4g", "text": "The thing that will help the most is having a relationship. Than a buyer would be less likely to screw you. Secondly, in listings, deals under 10-20M will have a buy side fee usually, so it doesn\u2019t cost the buyer anything. Third, instead of just sending someone a package from online and seeing what they say, take the time to go over the financials and property details yourself. If you can provide insight, spot financial inaccuracies, etc, really just provide value outside of forwarding an OM. Lastly, if a buyer does that than you probably shouldn\u2019t work with them anyway and just take a note of that. As a broker I\u2019ve found it very rare for buyers to go around me in deals because it\u2019s considered bad practice and the world of commercial real estate per market is very small and most players of note know each other. A bad reputation can hurt access to deals, etc", "replies": [{"id": "i5yeyh5", "text": "I love your user name in relation to this subreddit. Can see you pulling your coat open, \u201chey buddy, got high cap rate deals for sale, you interested?\u201d", "replies": [{"id": "i5yf2fw", "text": "3X Equity Multiples. Buy now before they\u2019re gone. ;)", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i6m1cwh", "text": "Control the communication. Manage the relationship with the listing agent - don't connect them directly with the buyer. Make sure the listing agent knows who you're representing and that you expect to get paid if a deal is done", "replies": [], "depth": 1}]