2007-07-14 09:36:46 · 3 answers · asked by Alex J 3 in Business & Finance ➔ Renting & Real Estate
It depends on how much the person relies on their agent or Realtor for such information. Most agents are aware their Buyers and even the Sellers don't know much about the process and prey on that.
Some new agents aren't even aware of the contingencies in order to inform their clients either.
2007-07-14 09:42:59 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Because you CAN'T, unless the managing brokerage of the firm agrees to it. Listing/buyer agency contracts are legal and binding, just as it any other.
Over the years I have had a couple of 'sharpies' think they could pull the wool over my eyes, by attempting to invalidate listing or buyer agency contracts, so they could close the deals on which I worked without paying a commission.
My first move when that happens ? I have the agency attorney place a 'lis pendens' on the property(s) involved, and then wait for the furious calls from the cheats when they discover that they can't close with a title thusly clouded.
2007-07-14 19:05:52 · answer #2 · answered by acermill 7 · 1⤊ 0⤋
Many Realtors will allow you out of a listing contract. A few will hold you to the letter of the contract. And every one of them will go after the commission if it's sold to someone that they showed the property to.
2007-07-14 16:43:31 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋