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#425156 - 06/19/13 07:31 AM agent problem
buffet77 Offline
Junior Member

Registered: 06/19/13
Posts: 2
Loc: new york
Hello Everyone,

I was working with a real estate agent that showed me a foreclosure property, I was very serious about the deal and so I gave him an offer to bid to the bank. After about an hour my agent came back to me and decides to quit because he wants to also bid on this offer and now owns the property that I bid on. I told him that he can't quit but he did anyway, and bought the property for 399,000, when I bid for 380,000

Do I have a right for a compensation?
Could I be sued for defamation if I go around telling people that he is very unethical and that others shouldn't do business with him?

Thank you for your feedback

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#425173 - 06/20/13 02:44 AM Re: agent problem [Re: buffet77]
Mark Brian Offline
Member

Registered: 11/08/07
Posts: 480
Loc: South Carolina
Had you signed a Buyers Agent agreement with this agent?

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#425183 - 06/20/13 10:26 AM Re: agent problem [Re: Mark Brian]
buffet77 Offline
Junior Member

Registered: 06/19/13
Posts: 2
Loc: new york
no, but he showed me the property and my understanding is that, by showing me the property, he is acting as my agent, meaning I won't be able to hire another agent to close on that same property because he showed me the property first?

I believe I was wronged, and I feel that others should know that he is not a very ethical person to work with. What's your thought? and thanks for taking the time to post a feedback

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#425184 - 06/20/13 10:44 AM Re: agent problem [Re: buffet77]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7837
Loc: Vermont's North-East Kingdom
Originally Posted By: buffet77
no, but he showed me the property and my understanding is that, by showing me the property, he is acting as my agent, meaning I won't be able to hire another agent to close on that same property because he showed me the property first?

I believe I was wronged, and I feel that others should know that he is not a very ethical person to work with. What's your thought? and thanks for taking the time to post a feedback

No, he can only become "your" Agent if you had entered into some kind of written contractual relationship . . . .so you're a Customer and he's a Salesman, acting as an Agent for his Broker (not you).

Did this Salesperson provide you with the "mandatory" Agency Disclosure that New York Law requires? That would have gone a long ways towards explaining these roles.

You may wish to contact the New York Real Estate Commission and investigate what you have to do to file a Complaint with New York. If it were in Vermont, our Attorney General has a Staff Attorney who investigates these and prosecutes them on behalf of the General Public. I think the same holds true in New York.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#425196 - 06/20/13 06:40 PM Re: agent problem [Re: Vermont]
johnnyloans Offline
Veteran Member

Registered: 03/29/09
Posts: 870
Loc: Los Angeles ,CA
You had no contract with the agent.
_________________________
Johnny James
Real Estate Broker in CA
(855) 898-3354
Greater Los Angeles Area
www.PalmdaleRealestate.biz
Have Car Will Travel
For Those That Google JohnnyJamesBroker@gmail.com

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#425201 - 06/21/13 03:43 AM Re: agent problem [Re: buffet77]
Kjmendy Offline
Veteran Member

Registered: 05/16/10
Posts: 935
Loc: London, Ontario
What prevented you from immediately going to another agent and using them to make your offer?

Would you have offered $399,000 for the property prior to finding out the winning bid?

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#456264 - 01/10/17 08:40 PM Re: agent problem [Re: Kjmendy]
Jhony Offline
Member

Registered: 12/13/16
Posts: 44
Loc: Maharashtra > Other areas
Hi,

If you signed contract with agent then legally he is not liable to rise property rate or else you should take help from another agents too to solve this matter

Regards

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