When I sign a contract with a realtor, am I entering the contract with the realtor only or is the contract with the brokerage as well? Several months ago, I signed a contract with a reatlor who posted wrong info about the property, never posted pictures and lost the keys to my house. Needless to say, I called the brokerage and they gave me to another agent. I did not sign a new contract. This agent not quite as bad but it still takes 2 weeks for him to return my calls. I am not in a position right now to be able to review my contract for the next several days but I was just wondering if there is a standard policy of whether I am under contract with the realtor or the brokerage. If I am not bound to this agent, all I really need to do is leave him a message that I will be getting a new agent in a different brokerage or no...? (I'm sure that would seem rude but so is the fact that he doesn't return my calls and has never seen the place)
2006-12-27 08:23:44 · 6 answers · asked by wasn't going 2 3 in Business & Finance ➔ Renting & Real Estate
Your contract is actually with the broker, not the agent.
This broker sounds like a nightmare, you need to dump the whole company and start again. If the broker is hiring losers you aren't going to get any better by switching.
I recommend that you forget about brokerage houses all together and just go for an independent broker. There are lots of them, and they tend to be the cream of the crop, as they are good enough to have a career w/o a big commerical name. You also tend to get long term help from them, they will help you with your real estate investment goals for years.
2006-12-27 08:54:19 · answer #1 · answered by Landlord 7 · 0⤊ 0⤋
The listing agreement is a legally binding contract signed by you and the broker. The agent is a representative of the broker. The contract should be terminated in writing.
Some listing agreements make a statement about how you can terminate the agreement - which would make it easier - otherwise you would have to consult with the broker. The broker will then most likely try to convince you to stay with his/her company - but that's okay - if you're really convinced that you don't want to use this company - just stick to your guns and don't fall for the sales pitch.
If you would like help locating a good agent with a good record - I can help you find one.
2006-12-27 08:40:53 · answer #2 · answered by mudpiefanatic 1 · 1⤊ 0⤋
Your contract obligates you to the broker (brokerage firm), not the agent.
If you have already had the broker change your agent once and you need to do it again, I would talk to the broker and see if he will let you out of your listing agreement. If so, make sure you get it in writing from the broker.
If he won't release the listing contract, ask for a third agent. Have him/her put their most experienced agent on your listing.
2006-12-27 08:42:43 · answer #3 · answered by txrealestateagent 3 · 1⤊ 0⤋
You should be able to withdrawl the listing. If you are not happy I would tell them that and see if they will let you out of the contract. If they dont then tell then that they need to hold up their end of the bargain. I would look at your contract and see if you signed an ERS clause (exclusive right to sell). If so you will have to offically terminate the listing. If no you may be able to list with another agent.(not positive)
2006-12-27 08:30:28 · answer #4 · answered by 2littleiggies 4 · 0⤊ 0⤋
When you sign the contract, you are actually entering into a contract with the BROKER and not the agent.
2006-12-27 08:36:29 · answer #5 · answered by ramman 4 · 1⤊ 0⤋
When you sign a contract with a Realtor,you also sign sign the contract with all the force of darkness and evil.
2006-12-27 16:51:28 · answer #6 · answered by Anonymous · 0⤊ 0⤋