Ethical Question

[Jason Rivera]

I have an agent that alerted me about some potential investment properties that the agent found on the MLS a while back. I asked my agent to check into them and both of us forgot all about those properties when other, more desirable properties popped up. I never got around to showing my partner the properties either. We never looked into them and the properties were eventually pulled off the market. The owner of the properties coincidentally knows my partner and reached out to him directly and asked if he was interested in them for a far lesser price than it was listed for. My question is, should we pursue the properties directly or should we bring the agent back into the loop? Keep in mind that the properties are no longer listed on the MLS (I don't know if that matters or not).

[Charlie Fitzgerald]

The agent sourced these properties and brought them to you prior to the seller reaching out to your partner.  In my world, I'm looping back to the agent now and having that agent involved in any offers I make to the seller and thereby earning his/her commission accordingly.