Just as in any business, people lie (even in Beaverton), but I would like to think for the most part, real estate agents are good hearted, honest, hard working and do a great jobto earn the business they get. But, just like any other business,there are those that give agents a bad name. If you should run into one like I’m about to tell you about, walk away and don’t reward them for their bad ethics.
I had a buyer, who I had been working with for about 2 months to get their credit up so they could qualify, call me and tell me that they went to an open house. The only reason they stopped was because there was a sign out front that said they could get 100% financing. (Don’t worry, they were loyal and told the other agent that they were working with me and would never even think about switching.)
This other Beaverton Oregon real estate agent started out so good and then went so bad real quickly! The first thing she asked was if they were working with any other Realtors and of course my clients said “YES” and handed the agent my card. They proceeded to look around the house and then decided to ask the agent about the 100% financing. (This is where things went from good to WHAT?)
The agent told them that in order to get the 100% financing they had to be working with her exclusively and then asked if they wanted to drop me as their agent and she could then show them how to get 100% financing. (You are joking right? What a big lie!)
They still told her no, but at that time, another person walked in who was more than willing to sign a buyer’s agency agreement with her to find out how to get 100% financing. My clients over heard her say, “Well, this house doesn’t actually have 100% financing, but I do have two that do under the USDA 100% financing program and I’ll show you those at 3:30 today.” The problem was the USDA loans only qualifies in certain parts of Washington County, about 20 miles from where she was holding the open house and she certainly didn’t bother telling these people that before she was going to pick them up and drive them around.
I will report this person on tomorrow for ethics violations on trying to take my client by lying and also by lying to other people to get them to sign buyer’s agency agreements with her. You should never have to sign with anyone to get information about a loan product or a house. If someone tells you different they are lying to get you to sign on the dotted line… you should just walk away because that isn’t the type of person you should be doing business with. If you are interested in 100% financing, and don’t mind living a little bit farther out, then I would love to talk to about the USDA loan as it really is a great product.
Todd Clark (Principal Broker)