How do I know my agent made my offer on a house I bid on?

Question

I put in an offer on a home a few weeks ago that was $75,000 less than listing price. My agent looked less than enthused to be wasting his time drawing up the papers. We did anyhow, and he called me an hour later to let me know my offer was flat out rejected with no counter offer. How do I know he actually put my offer in (I am aware it is against the law if he didn't) Do all buyer's agents get a rejection letter from the seller's agent? I would like proof that it was rejected (since I don't trust him) Was wondering how I find out it was truly rejected. This is in Mass. Thanks

Edit-
I could care less about the house I offered on, I am trying to find a legal easy way out of my exclusive buyer's agent contract without going to court. I have a huge hunch he didn't submit the offer (even though I knew it wouldn't be accepted. I am stuck with this guy and just looking for a way out.

edit-
I am not asking for scenarios on why the offer was rejected, that is obvious. I am asking if there is a way to get PROOF it was rejected.

Edit-
Minnesota broker (a.k.a genius) It is against the LAW in Mass for a broker to refuse to make an offer. Get your facts straight. If your time is so "valuable" go run a CMA or something, or go make YOUR clients more miserable than they probably are. You know nothing of my hustory with this agent.

Answer 1

Yes, rejections are formal and in writing. You can ask for a copy, he can not legally refuse you, as he was representing you. The document is actually yours, not his.

And, just a note, fishing for a give away is not that unusual. He likely does it himself all the time. Many sellers are desperate and willing to sell for a low price instead of not sellling at all. Don't feel badly about the offer and don't let any agent try to make you feel that way.

Answer 2

If you don't like your agent anymore, just tell him. Most likely, he'll let you out of your contract instead of wasting more time with frivolous offers.

Typically, he would be owed money if you purchased any home he has shown you during your time under contract, but only if he provides you with a list of said properties within 3 days of cancelling your contract.

If that doesn't work, talk to his broker. Perhaps he can reassign you to someone in the same office that you might like better.

I don't think there's any real "rejection" form that would have to have been created, he probably just got a call from the other broker laughing at him.

He might still have a fax confirmation in his file that could be provided to you. It's unlikely he drove the offer over to the other broker.

He may have even just called the other guy, told him he had an offer for X amount ready to send over, and asked him to call the sellers.

Answer 3

It is very possible that the seller's agent just made a phone call and said the offer was rejected.

If you really want to find out if your offer was really made and rejected, contact the seller's agent directly.

Just have to wonder why you would sign an exclusive arraignment with a broker that you have trust issues?

Yeah, the agent was probably pretty pissed off at you, for making a frivilous offer that obviously was gonna get rejected. It cost him time, time that could have been spent more productively finding you a home within your means.

Answer 4

The Realtor representing you does have to present the offer. It goes to the Realtor representing the seller. The Realtor representing the seller must present the offer to the seller unless the seller has given him instructions to not present ridiculous offers. If that's the case, the offer was not presented to the seller at all.

If it was presented to the seller, the seller is under no obligation at all to respond. Ignoring a ridiculous offer happens all the time. If that's the case, then your Realtor never got a response at all.

Even if the seller did decide to respond, unless there's a special law in Massachusetts, there is no requirement that it be in writing. The listing agent may have simply called your agent and said that it was rejected.

Your Realtor does have a fiduciary duty to you. This includes telling you that if you're interested in a house, you'd best put in a realistic offer or the seller may not be willing to work with you even if you come back at full price later. The listing agent has a fiduciary duty to the seller, which includes advising the seller not to waste time with ridiculous buyers.

Answer 5

Firstly, don't assume the agency agreement will end - it is probably worded so that the agreement continues until you inform them it is over, with a 3 month minimum period. I assume the contract is a sole agency agreement. This means that the agent will be entitled to their fee if any sale is arranged during the period of the contract, whether or not the agent introduced them. This can apply if the agent finds you a buyer, who then buys the property even after you cancel the agreement. If your next door neighbours have never spoken to the agent then they (clearly) have not introduced that buyer, so there can be no liability for a fee to the agent if the sale happens after your agency agreement is ended. Once your agreement is ended you have no liability to that agent for any new purchaser they may find - and for this reason they won't deal with anyone who may be interested in your house. If you sign another sole agency agreement with another agent then they will be entitled to be paid, as above.

Answer 6

You said it ! He was wasting time yours and his ! People regardless of profession deserve respect . Some of my sellers have requested that I not only do not counter but flat out refuse to entertain any further offers from said buyer . Realtors will go through great lengths to determine the starting point of a property through a C.M.A. which compares recent sales in the neighborhood to catch the highest price for a Home seller. You need to build trust with your Realtor and tell him you would like to start shopping for bargains and maybe bank owned homes which come with plenty of baggage. You picked an agent and now you want out ,And with no real reason accept for: He wrote an offer you knew would not be accepted , Thats horrible and you have shown us that. Call the broker I'm sure they'll both be glad to get rid of you. I'm aware of the laws and i'm sure he presented the offer you knew would not get accepted. you should be ashamed of yourself.
P.S. My fiduciary duties are to the seller, .N.A.R. states {even in Mass. } article 3 applies
P.S.S. Article 3 REALTORS shall cooperate with other brokers EXCEPT when cooperation is not in the clients best interest.
P.S.S.S. you do not even know if he has submitted the offer you knew would not get accepted HMMMMMM ! genuis
P.S.S.S.S REALTORS adhere to a strict code of ethics

Answer 7

Ask for the returned paperwork. I assure you he submitted the offer. These agents work on commission. Even if it was $75k less than the LP, it sounds like he/she would have gotten a big chunk of change. If you do not trust your agent, you need to get out of the contract. This can be done mutually if the agent agrees so.

Answer 8

He should have given you the contract back with "rejected" or something similar on it. At $75,000 under list price whaat did you expect?
Sometimes the sellers are so insulted they won't even look at the offer.

Answer 9

I'm sure if you offered that much less than the listing price, it was probably rejected. However, if you don't like your agent, why don't you find a new one.

Answer 10

contact the real estate agent for the seller and find out on your own if your offer was put on the table.