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Buyer's agent with multiple clients interested on the same house

We're first time home buyers in a hot seller's market: one decent house can get tens of buyers interested. Our buyer's agent seem to work for many clients/buyers in the market, which is fine to us. However, we noticed that they recently closed a few houses that we were interested but decided to not giving an offer since the final prices (our projections, after bidding) were likely out of our budgets. However, we went to those open houses, met our buyer's agent there and they never indicated that one of their other clients are giving an offer. We just want to know if two of the agent's clients are interested, is the client obligated to disclose and transfer us to another agent? Otherwise, it is clearly a conflict of interest.

What is the process of transferring another agent there? Why did our buyer's agent never disclose although we indicated initial interest?

EDIT 1: Our state is California.

submitted by /u/epipolar_gineer
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source https://www.reddit.com/r/RealEstate/comments/1j3z3p2/buyers_agent_with_multiple_clients_interested_on/
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