I signed papers with a real estate agent when i sent an offer in to buy a house. I am not happy with his service. I wanted to put an offer in with a different agent , she told me that I can only deal with the agent I signed papers with. Is there any way for me to drop the first agent and work with a new one?
2006-12-05 02:28:48 · 5 answers · asked by mom25 1 in Business & Finance ➔ Renting & Real Estate
I signed a designated agent agreement, a dual agency consent , and the offer.
2006-12-05 02:44:10 · update #1
I'm a Realtor. The only way you can deal with the other agent is if you withdraw your offer (lose the deposit) and then do the process all over again with the new agent. It's not feasable. If you were a seller it would be easy enough. As much you feel a disservice from your current agent you're better off staying the course until closing. If the agent you want to work with and the agent you're working with are from the same company you might be able to have a chat with the manager and find out if you can work with the agent of your choice until closing and the two agents maybe be able to split the commission in one way or another. If didfferent companies, you might as well stay put or it'll cost you money.
2006-12-05 02:35:10 · answer #1 · answered by Lori E 4 · 2⤊ 0⤋
If you signed a buyer's agency agreement and you buy a house through another agent, by the terms of the agreement, you will most likely owe the original agent (the one you signed the buyer's agency agreement with) a commission.
If you do want to switch agents, I would go to the agents broker and ask to have your buyer's agency agreement voided.
This is all assuming that those papers were a buyer's agency agreement.
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Clifford, you make no sense. From what she has said, the broker would not need to worry about state licensing boards. There is nothing in the post that is illegal.
Also, reputable newspapers aren't going to print nonsense.
Any broker worth their salt, wouldn't bend to your meaningless threats.
Approach the broker with your concerns, and any good broker will void a buyer's agency agreement or offer one of their agents who might better suit your needs.
Also, did your offer not go through, or is it still out there, waiting for a response? That would make a big difference on how a broker would handle the situation.
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Designated agency is when two agents from the same company work on the same contract. One with the buyer and one with the seller.
Dual Agency is when One agent represents both buyer and seller.
I don't understand why you need to sign both as they are different kinds of representation. In my experience it would have been one or the other.
IMPORTANT FOR ANSWERING QUESTION:
was your offer accepted, declined, or is it still being negotiated?
2006-12-05 10:37:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Dump that societal leech now! The only thing you should have signed is the purchase offer. Hopefully, no buyer's agent b.s. I would call the agent's office and speak to the broker. Tell him/her how misraeble the agent really is. Tell the broker you won't be dealing with the agent anymore. Sign purchase offers with a different agent. Threaten to go to the state licensing board if there is any problem. The agent is supposed to be competent. The broker is supposed to hire competent people. Ask the broker for the state licensing phone number! Mention that your friend works for the local newspaper. Talk about how bad the real estate market is and how negative publicity would make it hurt even more! The broker will end up chewing out the agent. Both broker and agent will be worried about the state licensing board (they could lose their licenses and way of life). You won't hear from them again.
2006-12-05 10:58:13 · answer #3 · answered by ? 3 · 1⤊ 2⤋
you didn't tell us what kind of papers you signed with the agent so we can't really give you precise answer. i am surprised that you signed anything with an agent since you are the buyer. normally the owner of a house that is selling will sign a contract to give an agency an exclusive right to list and market the property for a period of time (90 days for example). at the end of the period you can continue or list with another agent. if you signed with an agent to be your exclusive "buying" agent, then you probably have to stay with them until the contract expires.
2006-12-05 10:32:49 · answer #4 · answered by Ovrtaxed 4 · 0⤊ 0⤋
That does not sound right to me...I guess I dont understand...do you want to buy this house? ... I dont think you will have much of a relationship with this agent after so...maybe you should just stay with this agent...
but, if you really want to get rid of him...cancel your offer...and, sign on someone else...I dont think the other agent wants your business, as, this does not sound right...why should you be only with one agent?
best wishes
2006-12-05 10:44:14 · answer #5 · answered by Winters child 6 · 0⤊ 0⤋