Q&A: Is it illegal to have a property listed for rent and for sale by two different real estate agents?

Question by CyCLoBoT: Is it illegal to have a property listed for rent and for sale by two different real estate agents?
Real Estate Question
What I was planning to do is to put the house for rent with one agent and at the same time, put the house for sale. I have tried going with just one but I am not having any luck in finding prospective buyer/renter. So I thought about putting it up for rent and for sale at the same time.
I don’t want to put the house for rent by two different agents. Each agent would be responsible for rental/sale respectively.

Best answer:

Answer by ranger_co_1_75
Not as long as both agents know about the other and agree to share the commission.

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2 thoughts on “Q&A: Is it illegal to have a property listed for rent and for sale by two different real estate agents?

  • January 25, 2014 at 1:38 pm
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    If you are looking at renting a property and see it listed by two agents, that’s none of your concern.

    If you are listing a property for rent and want to use two listing agents, I don’t think that’s legally possible. It’s certainly not ethical. When you list with an agent that gets a commission for finding the tenant, you should have entered into a contract with him. And, therefore, that should preclude you from doing so with another agent.

    If you did list with agent A with a listing contract and then listed it with agent B, and agent B found a renter, I would think you legally owe agent A his full commission as well as agent B.

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  • January 25, 2014 at 1:57 pm
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    Sure there is nothing wrong with that. In fact many agents do not handle rentals and some property managers cannot legally handle sales, so this is sometimes necessary.

    You are legally required to tell any prospective renters that it is for sale BEFORE they sign any leases.

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