We renewed our listing agreement with our agent for another 3 months. My husband did not sign it and did not want to renew it. I signed on my own. I was not sure of his wishes as he was not at home. We want to terminate. It's been on the market for 4months and we were led to believe the price was fine up to the time we renewedl.A week after we renewed at a certain price our agent started pressuring us to drop the price over $30,000 less!The house had no activity for almost a month. The agent said she wouldn't mind doing an Exclusive at 3% at this much lower price. We said that would be fine. She then checked with her agent and called us to tell us it wasn't a good idea and she wouldn't advertise the house if it went to 3% at the lower price. She said we should drop it and keep it at 5%! She also said that her agency "did all they could for us at the higher price!" Now we want out. We were never given copies of any of the forms we signed! Price changes etc. Victims of BAIT & SWITCH?
2006-12-12 12:34:32 · 4 answers · asked by ursaitaliano70 7 in Business & Finance ➔ Renting & Real Estate
If you both own the house, I would say the extension is not enforcable. Talk tot he agents broker and tell them you want the extension removed because your husband did not sign.
As a broker, I will sometimes accept one parties signature, IF I already know the other party is or would be in agreement. Of course, I'm leaving myself wide open for exactly this type of situation.
2006-12-16 01:06:43 · answer #1 · answered by txrealestateagent 3 · 0⤊ 0⤋
hon, you are the owners, YOU set the price, the agent can only suggest. But, if you priced it too high to begin with, people lose interest and it's hard to get them back after they feel you've tried to milk it for everything. Depending on which company you are dealing with, most have a back out clause if the agent is not performing her duty. Call the Broker and tell him/her that you need the paperwork and that you are not happy. Real Estate companies do not "bait and switch" anything, it is your house. ps. the contract is probably legal because it is a renewal, not the original contract. and also, I would not agree to spend a lot to advertise your house either if I weren't getting a good commission. The real estate market is way down and it's prob not the agent's fault...you can't make people buy and esp when it's overpriced.
2006-12-12 12:58:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Unless you really need to sell right now, and this isn't usually a good time of year to do so, just shut down the listing entirely, and do not list it until after the 3 months are up on the existing contract.
Unless you can get them to cancel the contract. Never hurts to try. If you refuse to reduce the price, and they refuse to honor the commission arrangement they promised, they aren't gaining much by having the listing sit there.
2006-12-12 13:10:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yep it is binding. Just because your hubby didn't sign it doesn't change anything. Now, if you were seperated or going through a divorce the one who didn't sign it could contest it, but it would still hang you. As for the bait and switch, yes, it sure sounds like it. And please get copies of every single transaction!
2006-12-12 12:48:34 · answer #4 · answered by matthew p 2 · 0⤊ 1⤋