I have signed a contract with a real estate agent that I will just work with you. Now I dont like that agent any more and I want to move ahead and look for some other agent.
So, Can I deal with another agent? Can I deal with another agent for same property which I looked with my current agent?
Registered: 09/19/03
Posts: 2410
Loc: Panama City FL
You most probably Will have a problem If you deal with another agent without first reaching an agreement with your present Agent OR HIS Broker who actually controls that relationship. You have a contract and need to understand what that actually requires. You could and probably will be sued if you do not legally end the relationship and that can not typically be unilateral.
A suit is far more likely if you use another agent to acquire a house already shown to you by your existing agent with out a termination in place.
A possible work out is to provide the initial agent a referral fee for allowing you out of the buyers agreement.
I personally do not like buyers agreements but many agents do for various reasons.
We had a similar situation. Is there a date on the buyers agreement that states when the contract expires. Sometimes the agent will be civil and allow you to sign a paper that breaks the contract. We signed a contract with our original agent and she would not break the contract so we simply waited for the contract to expire. It can be a unpleasant situation but if you don't like your agent its not worth working with them.
I am a Realtor and have my buyers sign a contract to work me as well but as I always tell all of my clients if at anytime they are not happy with me or my services to let me know and I will let them out of the contract. If you are not happy let your agent know and if that doesn't work go to their Broker.
The reason we agents have contracts like this signed by you our clients is to protect us as well as allowing us to represent you the buyer. If you do not sign an agency contract with your agent then keep in mind that agent represents the seller's everytime and any and all information you gave to that agent can be shared with the seller.
Good Luck and I hope you find an agent you will enjoy working with and whom will help you find exactly what you're looking for.
really raleigh? so your saying that you become a subagent and are therfore working for the seller if you don't have a buyers agreement in place? Thought that stopped a while ago and there wasn't sub agents anymore. However the contract would be helpful to the client if they find a home they like, sign up a contract @ a open house/new construction etc and don't realize that you won't be able to help them anymore.
Agency is still in effect in North Carolina. In fact we are reguired by law to give all clients a brochure called "Working With Real Estate Agents" which talks about the different types of agency. When I practiced real estate in Nevada this wasn't the case. At first I wasn't really happy having to get buyers to sign agency contracts but it has really worked out well in the sense that my clients no longer go out searching for homes on their own without me.
Shamrock
Member
Registered: 08/16/04
Posts: 199
Loc: Pittsburgh, PA USA
By definition of the word "agent", we must be working for someone. If we do not have a signed Buyer Agency agreement with our buyer, we are, by default, working for the seller (sub-agency.)
yes you can! but make that theres no contract that you agree upon. make sure that you will separated in legal and in proper. cause some agents gives a supporting contract for that some reason.
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