I've finally find a house that fits. I call my agent, and she falls in love with the house too.!! Ofcourse she has more pull and is financially able to afford it. What should I do? She has helped me to find a lender and get pre-approved and they have a strong relationship. If i go with another agent..will this jeopardize my getting approved with the same lender! Help!!
2007-03-18 03:11:15 · 11 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It's a breach of fiduciary duty on behalf of the agent. If she showed you the house acting as your agent, she would be in violation of Realtor code of ethics (if the agent is a Realtor), and possibly state licensing laws. Contact her broker and explain the situation.
If you go with another agent it will not affect your approval with your current lender, even if they are buddies with the agent (they still want your business/money).
2007-03-18 06:47:37 · answer #1 · answered by SndChaser 5 · 0⤊ 0⤋
A lot depends on the relationship you have with the agent. If you signed a buyer/broker agreement she would have a very hard time buying the house out from under you. As a broker she is working for you not the seller or the bank. If she is just being a real estate agent then she also has the right to try to buy houses, although there may be some conflict of interest clauses in the state licensing.
I don't think it would be legal for her to put a bid in on the house as long as she is still working with you. If you get another agent then you have freed her from any relationship with you and I think then she could buy it out from under you.
If she works for a larger office like Century 21 or any of them talk to the office manager. I am sure they wouldn't want bad publicity about their office hitting the news. Nobody would want to work with an office that condones the action of that agent.
2007-03-18 03:22:33 · answer #2 · answered by ttpawpaw 7 · 1⤊ 0⤋
Are you sure she isn't saying she's in love with it to calm your fears about buying a house, making sure you feel good about what you got? If she actually puts a bid on that house, she is violating every ethical code she is supposed to uphold as an agent. You can file a charge against her license for that and I would encourage you to do so if she ends up purchasing that home out from under you. The reason I think she is just saying things to make you feel good is that she would have been aware of that house before showing it to you.
She also doesn't have any relationship with any lender that gave you the edge. That is all based on your credit situation. An agent can't vouch for your credit worthiness, only you and your prior history can do that so you did that on your own, kid!
2007-03-18 03:24:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I think you are seeing what is not there.
If she helped you find the lender and is helping you get everything done then what is the problem. Why would she, if she wants it.
You will often find that agents do act like they just love a place and would like to have it themselves. This is often is a ploy to stop you from looking any further so they do not have to spend so much time earning their money.
I would bet you have nothing to wory about at all.
2007-03-18 03:56:10 · answer #4 · answered by Anonymous · 0⤊ 0⤋
notwithstanding in case you could sue, i'm uncertain that your damages may be offered. How has this harm you? If the agent can pull out comps of comparable residences with sunrooms that offered for an identical quantity, then the abode became priced properly, in spite of how the section became categorised. You observed the placement earlier you got it, so notwithstanding in case you probably did no longer comprehend the precise sq. pictures, you thought the placement became "sufficiently vast". and since the genuine question seems to be which you experience such as you overpaid by ability of 18K, might the supplier have agreed to sell the placement for 18K much less? If no longer, you haven't any longer have been given any case, on account that what you paid became what the placement became extremely worth. no person expenses their abode by ability of the sq. foot, so the actuality which you paid an added 10 dollars/squarefoot for the "living section" interior the 2d calculation is only an artifact of the mathematics. notwithstanding in case you pass with that math, the actuality that the abode has a sunlight room, and different residences with an identical living section do no longer, ability that the sunlight room has some fee. It would not come loose! and finally, this would not look a question of sq. pictures, yet of ways it incredibly is classed. And which would be a rely of interpretation, so the realtor is in all risk unlikely to be ordered to reimburse you something. And to be frank, you sound a sprint grasping. If the valuables has no longer long previous down in fee, which even you assert it hasn't, the place and how have you ever been harmed by ability of this? it incredibly is the 2d area which you will would desire to tutor in a court of regulation, on account that is meant to make you "finished", no longer positioned you in a greater advantageous place than earlier the tort befell. So... might you have been waiting to purchase the placement in case you provided 18K much less? If no longer, no harm has befell to you, and notwithstanding in case you will possibly win on the advantages of the case, you does no longer be offered any damages, on account that there are no longer any damages to award.
2016-10-01 02:57:39 · answer #5 · answered by fogleman 4 · 0⤊ 0⤋
Wow, that' is a totally unethical thing for her to do. What you should do is voice your concerns with the broker of your agents office. If nothing comes of that, then you should contact your state's Real Estate board about what your realtor is doing. She will then be put on notice, and investigated. I woudlnt' be surprised if she is not fined for this. Eventhing a realtor does should be in the interest of the client.
2007-03-18 03:17:11 · answer #6 · answered by Nicole M 1 · 1⤊ 0⤋
Very unethical... and if she is a REALTOR, she is bound to a code of ethics... I hope she is willing to lose her REALTOR status if she is one and quite possibly her real estate license !
Seems like the ball is in your court... contact the company she is working with and tell them about what she's doing !
2007-03-18 03:23:23 · answer #7 · answered by Anonymous · 1⤊ 0⤋
If she plans on making an offer after showing you the house, that would be grounds for her license to be revoked. Make your offer and play it by ear. If she goes over your head, report her to the broker.
2007-03-18 04:22:34 · answer #8 · answered by KathyS 7 · 0⤊ 0⤋
This is probably unethical and you could complain to
the state Real Estate licensing board..
2007-03-18 03:19:20 · answer #9 · answered by Anonymous · 1⤊ 0⤋
hard aspect. search in google and yahoo. this may help!
2014-11-18 19:47:00 · answer #10 · answered by Anonymous · 0⤊ 0⤋