You say there is a transaction... if there are other Brokers or Agents involved in the "transaction", and you are NOT involved in said transaction....  You may be construed as interfering in that transaction.  Check with your State's real estate licensing board. 

Fred Griffin gave the answer I was about to post.

Are you asking about a Preliminary Title report (that may be a CA term)? I would be very cautious, and as others have said this could be problematic. And if you are not involved in the transaction then it could be interference with the parties in the transaction. I would chat wiht your broker, too

Transaction? Fred Griffin has my vote for the answer

Roxy Edge - if you are not their agent, you should stay away perhaps. Just my two cents.

I would be careful. Doing a CMA is usually a free service in the hopes of getting a listing. I would ask some questions as to where this could lead.

I noticed you already have some great answers, such as Nestor & Katerina Gasset  and Fred Griffin .  They both have good advice.

It depends on your state laws. In Florida to do anything more than a CMA constitutes an Appraiser's license. So be careful what you are calling it. You can say Brokers' Price Opinion. 

Wow. 13+ years. This has never happened. I would have to ask a few questions first before I would just pop out free market info including sales prices, if that's what they are asking for. I would say (I'm in TX) you can, but proceed with caution, as you must provide IABS first (Info about brokerage services, required by law) and the question after that becomes then what is the status of your relationship? (After they understand who reps who, are they willing to become a client vs. just a customer) and then you proceed with a charge or not from there. What else plays a factor? If you are in a sales price disclosure state or not. If you are in a non-disclosure state (like TX) then they really need to be in an agency relationship with your first - your client.

if there's a transaction in progress, you'd better stay out of it....it's interfering with the transaction....that's illegal....

Fred Griffin is spot on with his answer. Step away on this request.

I'm going with Fred on this one. Do not get involved in the transaction if there are 2 agents involved.

Are you currently working with an agent? If so, why not ask them? My time is important to me and I do not work for free! 

Preliminary report?

Value?

Title prelim?

I don't understand what "preliminary report" refers to. If there is a live transaction with other agents involved, you should not be involved.

Rosy,

You have some great answers here. We always had a prelim on properties we listed as part of our file.  If another agent asked for it, I would share a copy.  Each state is different, however.  A

Does your office policy address this matter?  If not discuss with your broker. Some agents in my office do BPOs.

It is not free. Title company pays a fee. You need to think twice on it.

Suggest you ask their agent to handle it.

If there is a transaction in place that you are not involved in, I'd steer clear unless the person asking is one of the agents.  Your profile lists you as a realtor and prelims are in the realm of title, so I'm a bit confused as to why they are asking you for it in the first place.  As a fellow "Greater LA area" person (ok, I'm LA adjacent but play in "North County" a lot), I'd recommend steering clear of this entirely.

What kind of report?  Are you somebodies agent in the the transaction? If not then why do you have this report?

I am confused here...

But if you are not an agent in the transaction and somone has not commissioned you to write the report then it may be yours to sell, otherwise probably not.

We write lots of reports for our clients, but the first rule is that the report belongs to the clients, we cannot sell that info to another person or give it away without the clients written permission.

Fred nailed it on that question.  In a similar situation we've had, in the past, a couple  aquaintences start the process of purchasing a FSBO by themselves.  They would call us and need help on the purchase agreement or are having issues dealing with the seller. We simply tell them that since they already started the process with the FSBO sellers without us, we cannot get involved.  Not losing my license over that!

If it is not your transaction, then I would stay out of it. Just my opinion.

I would refer them to the agents that are part of the transaction.

Roxy Edge I've done reports, but at the agents request not the buyer or seller's. You can charge on a consulting basis, but like Fred Griffin stated, if other agents are involved and the request is from a buyer or seller stay away.

Check with your broker and state laws.

 Hi Roxy -- I see you are in Los Angeles also.  When I saw preliminary report my mind went to preliminary title report(as I see Jeff Dowler CRS did as well).  You also mention a transaction -- so if you're not involved -- I'd likely stay away but there seems to be underlying issues that may or may not be a part of this question.   It may be time to discuss this situation with your broker.  Good luck.  

It depends if they have their own agent already. If so than I would not furnish anything. If they are not represented, it would depend what they are looking for.

I would say it depends on your state law and your brokers policy.

What do you mean by preliminary report?  It must be something that is local to your jurisdiction.

I see Fred stepped up to the post with the right answer. If there is a transaction in place and you are not a part of it..I'd keep it that way.

Follow the rules in your state and have your compensation agreement in writing.

Be careful, this might get you into a state of "implied agency" if you are a licensed agent. But above all, are you qualified to do a preliminary report such as the ones that Title companies provide? Is this the expectation of this "non" client? Hope you have good E&O insurance. If you do come to an agreement and get paid, make sure the check is made out to your broker--whom you should run this by because the broker is liable as well for your actions. IMHO.

In my State if they make the contact then yes, but why would you? 

I'd forward them to my title rep. They might agree to do it for a flat fee. Usually a listing agent orders prelim when the listing is signed. It is complementary, since title expect to get a business with the offer is accepted. 

When in doubt ask your broker.

You have gotten great answers 

Roxy Edge It depends on the client and the area. Check with your broker.

i would dig further and see or ask why they need a report... is there an opportunity to serve? without going over the line, if there is a line

When someone supplies a service charges are forthcoming. Subjective 4 sure