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#22876 - 05/21/05 05:09 PM A0
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#22877 - 05/21/05 08:58 PM Re: A0
suz SNJ Offline
Member

Registered: 04/03/05
Posts: 83
Loc: Gloucester Co., New Jersey
It's terrible that you are so dissatisfied with this agent. Did you interview him before you signed the agency agreement? I expect he will argue with you about cancelling your agreement. If he does, ask to speak with the Broker. I've been a Realtor for 14 yrs., and most of my clients are repeat customers, referrals from them, or friends, or friends kids, etc. After explaining agency to my buyers, I ask them to sign a Consumer's Information Statement, but don't ask them to sign an Exclusive Buyers' Agency agreement. I certainly wouldn't want to work with someone who is as uncomfortable as you are. Does that mean I've never lost a potential buyer to a FSBO, no. But, they will come to me to sell their home, since I keep in touch.
Just a bit of advice - interview your next Agent, asking how they work. But before you waste anymore time, ask friends for referrals. Good luck!
_________________________
Miami Real Estate

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#22878 - 05/22/05 05:15 AM Re: A0
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#22879 - 05/22/05 05:55 AM Re: A0
Dennis Teasdale Offline
Member

Registered: 12/11/04
Posts: 231
Loc: Midland Texas
You might want to consult an attorney.
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Dennis Teasdale
Realtor®, GRI
Broker

Dennis Teasdale Realtors
www.DennisTeasdale.com

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#22880 - 05/22/05 06:00 AM Re: A0
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#22881 - 05/22/05 06:02 AM Re: A0
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#22882 - 05/22/05 06:06 AM Re: A0
Canadave Offline
Member

Registered: 01/26/05
Posts: 313
Loc: Ontario Canada
Just to be careful ……because you likely can’t “fire” him

I would suggest you re-read your contract before you proceed.

Typically, these contracts are between 2 parties, in this case you and (through the agent) the broker.

Both parties sign on (agree) and enter into the contract. Therefore both parties must sign off (agree) to void it.

You can certainly choose to not work with this agent anymore, but that choice alone will likely not relieve you of your contractual obligations.

Should you enter into an Agreement of Purchase and Sale while this contract is still valid your agent will have every right to his commission weather he had anything to do with it or not. I would expect him or his broker to pursue (sue) for payment.

There will likely also be a holdover period ~ be sure before it costs you money.

Good luck …………….. Dave
_________________________
Watch the real estate market .. http://www.ChomzTV.com


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#22883 - 05/22/05 06:10 AM Re: A0
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#22884 - 05/22/05 06:11 AM Re: A0
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#22885 - 05/22/05 06:13 AM Re: A0
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#22886 - 05/22/05 06:16 AM Re: A0
Dennis Teasdale Offline
Member

Registered: 12/11/04
Posts: 231
Loc: Midland Texas
We have ways of finding things out. Every home that is sold becomes public record.
_________________________
Dennis Teasdale
Realtor®, GRI
Broker

Dennis Teasdale Realtors
www.DennisTeasdale.com

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#22887 - 05/22/05 06:29 AM Re: A0
Anonymous
Unregistered


Thanks for all the advice! I have to count on the fact that they don't sue here.

It's not worth their while, and they don't win.

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#22888 - 05/22/05 06:37 AM Re: A0
Anonymous
Unregistered


OK, I just talked to a friend who told me to approach it more calmly. Tell him it's not working for me to look, that I need a break, etc. etc.

I know a lot of people who have walked away from these contracts without any penalty.

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#22889 - 05/22/05 06:47 AM Re: A0
KT Offline
Major Contributor

Registered: 01/18/05
Posts: 1524
Loc: Ohio
I'm sorry you're having such a difficult time with your agent. Most of the time, around me anyways, because it's written in our contracts, brokers don't sue, they go to mediation. Which is where you and your NEW agent would most likely end up if you were to purchse something with another agent while still having a valid EBA. It's really against the rules for another agent to persue a client that is knowingly uner an agreement with another. Mediation isn't the only thing that could happen. The obvious thing is that your origianl broker/agent will get the commission off the sale. The not so obvious is that the other agent would likely face fines and some sort of reprimand their board, didvsion, or whoever takes care of that stuff around you.

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#22890 - 05/22/05 07:04 AM Re: A0
Alan From Florida Offline
Veteran Member

Registered: 05/10/05
Posts: 906
Loc: Tampa Bay Florida
littletiger
I am so sorry that you are having this problem with this agent. Most agents are not like that. Now as to your situation he is the deal. Will the agent/broker go after you for commission due to this agreement? Most likely not. However the reality of the situations is they can and some will. So you have to be aware of the situations. Also you said you agreement is for 90 days. I would recommend just looking around and waiting till you currant agreement expires. Then there is no question. Also I really need to point out that most good productive agent is not like that. The really good one like myself relies too much on referral business. So we can not treat out clients like you are being treated. If you were my client I would need you to recommend me to you friends. So I beg of you please do not think that all real estate agents are like that.
Thanks
Alan Plager
Prudetial Tropical Realty
_________________________
Alan Plager E-Pro
Prudential Tropical Realty
Over 2500 Units Sold
Please click here to request my list of reo and or investment properties

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