PRBS Possible Representation of Multiple Buyers or Sellers

Possible Representation of More than One Buyer or Seller – Disclosure and Consent” (C.A.R. Form PRBS).

This is a very important disclosure to explain to your Seller or Buyer.

1. SELLER – At the time of completing the Listing Agreement, Listing Agent should explain to the Seller about the possibility of Possible representation of More than One Buyer or Seller.
   1. The Broker is the Listing Agent – Keller Williams Realty
   2. One possibility could be that you, the Listing Agent representing the Listing Broker may have a Buyer that might make an offer on the Property.
      1. A Buyer comes to your Open House and asks you to write up an Offer for them. That would be “dual agency.”
      2. Another Agent from the same Keller Williams Office where you are has a Buyer that makes an Offer for them. That would be “dual agency.”
2. BUYER – Another possibility could occur with more than one Buyer’s Agent from the same Keller Williams Office where you are, each having a Buyer making an offer on the Property.
   1. EXAMPLE – 3 different Buyer’s Agents from the same Keller Williams Office where you are have Buyers in the same price range.
      1. All 3 Buyer’s Agents go out separate [and unknown to each other] showing numerous houses to their clients.
      2. All 3 Buyer’s Agents show the Seller’s Property.
      3. All 3 Buyer’s Agents then write up offers [not  knowing that there are 2 others writing offers] on the Seller’s Property
      4. All 3 Offers are sent to the Listing Agent to present to the Seller.
      5. These could also be considered “dual agency.”

All of these are real possibilities and, by signing the PRBS, this disclosure is made to the Seller and Seller is giving consent to this possibility.

The PRBS must also be explained to the Buyer and the Buyer should sign as well.