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#22876 - 05/21/05 05:09 PM
A0
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Anonymous
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#22877 - 05/21/05 08:58 PM
Re: A0
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Member
Registered: 04/03/05
Posts: 83
Loc: Gloucester Co., New Jersey
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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!
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#22878 - 05/22/05 05:15 AM
Re: A0
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Anonymous
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#22880 - 05/22/05 06:00 AM
Re: A0
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Anonymous
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#22881 - 05/22/05 06:02 AM
Re: A0
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Anonymous
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#22882 - 05/22/05 06:06 AM
Re: A0
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Member
Registered: 01/26/05
Posts: 313
Loc: Ontario Canada
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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
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#22883 - 05/22/05 06:10 AM
Re: A0
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Anonymous
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#22884 - 05/22/05 06:11 AM
Re: A0
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Anonymous
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#22885 - 05/22/05 06:13 AM
Re: A0
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Anonymous
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#22887 - 05/22/05 06:29 AM
Re: A0
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Anonymous
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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
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Anonymous
Unregistered
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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
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Major Contributor
Registered: 01/18/05
Posts: 1524
Loc: Ohio
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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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Registered: 05/22/12
Posts: 2
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