I've painted, refloored, staged, showed, written ads, adjusted prices, advertised myself even!! She hasn't spent a dime on advertising. Now I'm trying to get creative with helping sellers with closing costs/points, I write to her, she ignores me until I trap her on the phone. I know I'm screwed with the mafia MLS system, and I signed a 6 month contract (which I can revoke but it'll create a lot of trouble) but WTF??? Why can't I sue her and her broker for being the lazy-asses they are (after a sale)---they don't deserve anything for any work. I've sold a house myself before, the contracts are not hard, 10 minutes tops to fill everything out, went through closing without a hitch, that house was $700,000. The MLS mafia is just too tight in certain geographic areas to fsbo all houses.
Has anyone ever sued for incompetency or failure to perform? I know a contract is a contract, but there's got to be qualifications.
2007-10-25 05:20:37 · 9 answers · asked by SQD 2 in Business & Finance ➔ Renting & Real Estate
Since when is 6% a LOW commission?? 3% goes to buyers' agents, 3% to sellers...if that's low, then it's time for WAR, agents make too much for what they do and if it weren't for the MLS mafia nobody'd hire them, but they've painted poor homebuyers and sellers into a corner. If a buyer had to actually PAY that $20,000 to be shown some houses, they'd laugh in the face of those buyer's agents, if they didn't knock them over first, for the gall of it all. That's why they screw over the seller for monies. It's all unfair, and it will end one day.
2007-10-25 08:57:36 · update #1
You pose a very very interesting question... I would doubt you have any other recourse in this situation other then terminating your relationship since you have that option, but I would love to know if you take this to court your results...
2007-10-25 05:28:27 · answer #1 · answered by NeverStopQuestioning 2 · 1⤊ 0⤋
some factors have flow taxes and different costs to sell actual belongings. This varies by utilising section. many times, Realtors are paid a cost on the time of sale. Commissions are negotiable. What i'm seeing slightly in my section are fastened value commissions. A flat value for the Realtor's centers no remember what the domicile sells for.
2016-10-14 00:25:00 · answer #2 · answered by lumley 4 · 0⤊ 0⤋
You might read your contract carefully. For a commission rate as low as you state, you may not have a full service listing agreement. Average real estate brokerage commission rates around the nation are nearly double that which you cite.
At any rate, you probably will not sue her successfully unless you can prove that the agency did not fulfill the requirements on their half of the contract. THAT is not an easy task.
2007-10-25 05:35:53 · answer #3 · answered by acermill 7 · 1⤊ 0⤋
Very simple to get out of this listing agreement.
Call her broker. The designated broker in her office, and tell him you would like to cancel the listing.
When he asks why, you can rant and rave about what a rip off Realtors are.
Good luck
Terry S.
http://www.Welcome2Arizona.com
P.S. Most homeowner's never realize that the listing is with the COMPANY your agent works for NOT with the agent.
2007-10-25 09:41:07 · answer #4 · answered by Terry S 5 · 0⤊ 0⤋
Of the full 3% its possible that 2.5 is set aside for a Buyer's Realtor who may bring the person who purchases. So your listing Realtor isn't getting much money.
There's no money to advertise with. The work you've done is to make up for the fact that at closing, she won't be getting much.
2007-10-25 06:45:18 · answer #5 · answered by Venita Peyton 6 · 1⤊ 1⤋
so, if you sold a house before FSBO- then WHY did you hire an agent in the first place. No one forced you to sign a listing contract. You can get out o;f the contract by simply getting ahold of her and requesting an UNCONDITIONAL RELEASE OF CONTRACT. Then YOU can sell your own house.
2007-10-25 09:24:35 · answer #6 · answered by Anonymous · 0⤊ 1⤋
You could report them to the state commission regulating real estate services. They are not living up to their end of the contract, you could also have an attorney review the contract to see if you have a lawsuit.
2007-10-25 05:33:00 · answer #7 · answered by Tim 7 · 1⤊ 0⤋
Sometimes sales is an all or nothing process. If there's no buyer, it looks like nothing is happening. Then when the buyer is found, the deal is done. They may be doing things behind the scenes. I think your only recourse is to terminate them, but you should probably talk to them about your concerns first.
2007-10-25 05:35:42 · answer #8 · answered by hottotrot1_usa 7 · 1⤊ 1⤋
Yes you can fire her if she was incompetent. You'd just have to prove that she was incompetent to totally get out of the contract.
2007-10-25 05:25:14 · answer #9 · answered by jmiller 5 · 1⤊ 0⤋