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I was interested in purchasing a home and signed a dual agency agreement with the seller's agent. Some things went wrong during the purchase and I backed out of the sale. The realtor was beyond awful, but because I had signed the contact, I was bound to the firm. The broker assigned another realtor to me. This realtor is just as bad. I have called the broker twice to complain, both times the broker said she would call back but she never does. My boyfriend even tried to call, but the broker put him on hold and connected him to our realtor!

How do I get out of the agreement? I can't work with this firm anymore.

2007-05-31 08:23:29 · 4 answers · asked by Anonymous in Business & Finance Renting & Real Estate

Thanks to everyone who has responded...

The first realtor would talk about drugs and strippers, and wanted me to go swimming at his house. He also wanted me to fill out paperwork at his home. I'm almost 20, he is about 50.
The house I was interested in had high levels of radon, a huge termite problem (inside and out), plumbing problems, and the owner of the home had work done on the house that could jeopardized the home's stability (it was not done by a licensed contractor). After backing out of the deal (which he initially lied and said I could not do), the realtor was more concerned with becoming my "friend" than helping me find a home.
As for the new realtor, I posted a question about her here:

http://answers.yahoo.com/question/index;_ylt=AklXHy8K44EOrDvrfXcH5hXsy6IX?qid=20070529134254AAw7rzR

2007-05-31 08:54:59 · update #1

4 answers

Whether or not you are released from your contract is the purview of the managing broker of the firm. I am wondering what sort of situation you were in which might have required 'dual agency'. Did you contract with this firm to have them represent you as a buyer's agent, and then get involved with one of the firm's own listings ?

You do not indicate what sorts of issues you are having with this brokerage firm. If it's simply a personality dispute, you are pretty much stuck with your contractual agreement. In order to force a cancellation of the contract, you would have to pursue litigation and be prepared to show when, how, and why the brokerage firm violated the contract.

In the interim, you have a legal and binding contract with the firm and, if they are hard nosed about it, they can successfully sue you to collect a commission, even if you walk away and use a different firm and real estate agent to conclude a deal.

2007-05-31 08:34:56 · answer #1 · answered by acermill 7 · 0 0

review the terms of the contract (how many days is contract enforced for) usually its a 3 -6month contract. learnt from your mistake, do not make any signed agreements ahead of time bc by them doing this they dont have to work as hard for the sale. they know that even if they do nothing that you are legally bound to payin ghtem their commission. if i were you, i would eview the contract (duration, time its valid) if u can wait it out til the contract expires do so. but theres not much you can do, maybe call the state real estate board and notify them of the ngligence that caused ur last deal to fall through. hopeflly when the state steps in on ur behalf the agents will terminate the contract.

2007-05-31 15:34:25 · answer #2 · answered by spadezgurl22 6 · 0 0

Tell the broker in charge exactly what is going on and if they don't let you out of your contract contact the board of realtors. They are there for your protection too. Just telling the company that you are contacting the board should scare them enough to let you out.

2007-05-31 18:46:23 · answer #3 · answered by melissaw219 3 · 0 0

I would read the agreement you signed with them to see what it allows for you to get out. When we signed with our realtor, all we had to do was provide them with a written notice to end our agreement, no questions asked. It depends on what the contract allows for cancellation.

2007-05-31 15:33:32 · answer #4 · answered by henn0166 2 · 1 0

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