What action should a broker take if a buyer has a written agreement with another broker regarding the purchase of a home?

In situations where a buyer has a written agreement with another broker, the appropriate action for a broker is to reach out to the other broker to confirm the existence and terms of the agreement. This step is crucial for several reasons.

First, confirming the existing agreement demonstrates professionalism and respect for relationships within the real estate industry. By communicating directly with the other broker, the broker can clarify the situation and ensure that they are operating ethically, adhering to the standards set by real estate laws and ethical guidelines.

Second, engaging with the other broker can help the broker understand the buyer's current commitments and interests, which is valuable information when determining if there's any potential for the buyer to work with them in the future, should certain conditions change. This proactive communication helps in maintaining good industry relationships, which can lead to referrals and networking opportunities.

Finally, reaching out helps prevent any potential legal issues that could arise from attempting to negotiate or transact with a buyer who is already legally bound to another broker, safeguarding against breaches of exclusive representation agreements.