Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Advertisements


Sponsored Links
Advertisements
How To Advertise Here
How To Advertise Here

Good Idea!
Realtor Promotion Service

Sponsored Links
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28352233
No new orders today 13123525
Stupid MLS comments. 3309940
What do you know about Froy Candelario, top agent in USA 1208008
Stupid QC comments and BPO requirements. 1082631
New HUD Listing Brokers---Any Update? 1043267
Is there religious content in Buffini class? 835781
Let's talk about our cars 681502
Name that Flick. Great movie Lines. 614408
Pay it Forward - BPO/REO Tips & Tricks I & II 603574
Most common items found at an REO 593733
EML 459233
REOTRANS 448879
Main Street 434829
asset val seminar in colorado 415245
assist 2 sell or 1 percent realty? 346843
HOMONYMS - There, Their, and They're 317098
Evalonline 300206
Land America 285053
Mainstreet 261860
Matched Content
Topic Options
Rate This Topic
#444861 - 04/07/15 03:38 PM Please advise on dual agent
momfor2 Offline
Junior Member

Registered: 04/07/15
Posts: 1
Loc: Michigan
My moms home is in a small town and unfortunately I decided to go with a local broker/agent there. He is a dual agent for myself and a local buyer. I feel the realtor tried to low ball me on the listing price but I decided any way to list a little higher, A offer was made by his other client within a week of listing. I feel he tried to low ball me on the asking price for the buyers benefit. The offer was made and accepted on 1/28 the close by date was 3/3. Inspection on 1/30. Contract was extended to 3/31. Appraisal done 3/10 something minor needed to be done and it was taken care of right away. Re-inspection on 3/27. We are past our extended closing date 3/31. Dual agent has yet to ask for extension. Buyers approved loan letter expired 4/1. Agent told me on 4/6 info sent to underwriter 4/2 should have a reply 7-9 days after submitted. As long as it comes back ok we can set a date to close. Which is even further past our extended closing date. Have not signed another extension. Feel like re-listing or ask for reduced commission. Opinions?

Top
Advertisements
#444865 - 04/07/15 04:01 PM Re: Please advise on dual agent [Re: momfor2]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7766
Loc: Vermont's North-East Kingdom
In a small town, the lapse in the Contract may be just an oversight . . . . a minor house-keeping matter; but it HAS lapsed. Do you have your own small town Attorney ?

I don't know if Dual Agency is even legal in Michigan.

Is the Buyer local ?

If everyone is still pulling in the same direction, then you'll have a Closing . . . . but legally, you should see to it that your Contract is extended.

I'm reminded that I once had a "pending" Sale here to some Folks moving from Alaska. The Closing was delayed a few days because the Man in the Couple had his credit disturbed when it was discovered that he owed delinquent Alimony and Child Support.

These are the kinds of items that show up on the last minute Credit and Employment Verification check that Lenders run just before Closing . . . . and WHY they are compelled to do so.

Then we discovered that his current Wife in the Couple wasn't even aware that her Husband had been previously married.

That sent our deal down the toilet; and sent the current Marriage to Divorce Court.

I think I'd confer with my Michigan Attorney to consider my options.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top
#449488 - 12/21/15 05:48 AM Re: Please advise on dual agent [Re: momfor2]
jovanmathew Offline
Junior Member

Registered: 10/09/15
Posts: 8
Loc: Munich, Germany
First of all, you have to consult the dual agents also, in case if you can also contact to real estate agents that helps you to judge each and every point and suggest the good tips regarding this. Also, I can advise the re-listing and go head with this decision.I thought, it would be worth for you and your mom also.

Top
#449772 - 01/08/16 11:35 PM Re: Please advise on dual agent [Re: momfor2]
adambond Offline
Member

Registered: 11/08/15
Posts: 17
Loc: usa
Firstly contact with an agent who provides you best deals for the real estate.Do contact with those one who have experienced on these profile.They can give you best deals as.

Top
#451496 - 03/21/16 11:24 AM Re: Please advise on dual agent [Re: momfor2]
shawtuse Offline
Junior Member

Registered: 03/21/16
Posts: 7
Loc: Nebraska
This sounds like you're accusing the dual agent of betraying their fiduciary responsibilities. Would not a prior appraisal of the property allowed you to set a fair asking price without causing any suspicion of unequal representation?

Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
NYREALTYADVISOR, PamelapJames, hafiz sajid, Ashton MacDonald, Larry Charles
29900 Registered Users
Who's Online
8 registered (NYREALTYADVISOR, CraigT, estatereal, TheTexasGal, 3 invisible), 52 Guests and 4 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Long Walk 40
Vermont 23
VABroker 20
estatereal 19
Trouble 14
Lucky Leonardo 11
MissionJoe 8
YM 4 RC&MF LLCs 8
David Hunter 6
TheTexasGal 6
Mr. Clean 6
sualk54 6
Gamin' Agent 5
Nasser 5
Mayra Kelley 4
Featured Member
Registered: 12/26/09
Posts: 2017
Facebook

How To Advertise Here


This site presented by RNC Internet Services