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I am not a Real Estate Attorney. If your agent wrote the pending offers... the Agent is probably your Agent on those transactions. You might want to talk to an Attorney for that. Going forward, without a Buyer's Agreement it seems that you can just either represent yourself or find another agent.
Chutta is right, if that is the agent who wrote the offers you have on the table. Talk to an attorney. I'm curious, tho. If you have two offers floating out there now, what will you do if they are both accepted? Or, are you purchasing multiple properties? In the state of Colorado, if you have an agent who has written an offer for you, you also have a Buyers Agency Contract, unless the agent is representing you as a transaction broker. Look at your paperwork. And I'd recommend a friendly conversation with your agent, state your concerns and see if you can come to some common ground.
you cannot fire them AFTER they did all the work!
if you want, you can try to settle with them, offer them ~ 500 to not persue litigation and waive the fee clause in your buyer's agreement... the RE agent has to agree to that. RE Attourney!
why do you need to fire the agent from the offers he has already placed for you?
and no, i dont know why i thought you had a "them" to settle with... he/she of course
I don't mind keeping her for the offers that I already have, but they are on short sales and they might not go through. For any future properties I would like to use a different realtor. Also, my realtor at the time told me to put in several offers to see if I was able to get one approved. I hope that helps to clarify.
short sales take a LONG time to deal with, you might not know 6 months from now whether you got the home... i think you might have more trouble signing up a new realtor under the circumstance that you cant sign an exclusive contract. i would probably cancel the short sales or speak to an attourney
Wouldn't that be counterproductive to cancel my offeres? I might get one of them....
Does that mean another realtor may not want to represent me knowing that I have these offers pending? If that's the case, maybe I should represent myself for any furture offers? That sounds a little scary, but I'll do it if it's in my best interest.
I'm in the state of California if that makes a difference
Hi, the agent that wrote the pending offers will be due commission if any of those go to close. With no Exclusive Buyers Agency agreement in place, you can change agents for future searches/deals. I do not recommend that you represent yourself - you are much better off with a good agent. Perhaps you need to make a change, but do not go it alone.
In terms of the immediate situation, I suggest you immediately speak to the manager/broker of the office that your agents work for so that you get a higher level of support/service with the transactions on the table.
Good luck to you!
What took so long to get to the correct (contact the broker) answer?
There is no need for an attorney or the expense at this point. If the broker cannot provide satisfaction then maybe.
Everything the agent does is in the name of the principal/supervising/managingbroker. This includes buyer agency agreements.
speaking with your attourney should be like going to the doctor. especially when someone has a claim to say 20k of your money when you dont benefit from their help.
she suggested no time limits because it could take a long time to get responses.
Always have a time limit. Have the Seller counter with no time limit. I've seen Sellers/Lenders on short sales counter with time limit might be months, but still contract with time limit.
No time limit is bad advice. Plain and simple.
I didn't know I could have the seller counter with no time limit. I'll do that from now on. Anything I can do about the time limit on the current offers?
Update: I sent an e-mail to my agent letting her know that I would be moving on. I told her not to cancel the offers.
The offers are priced fine for right now but I guess I'll have to cancel when I feel the price is too high or when I get another house.
There aren't any addendums or anything to offers? I hate to cancel any offers and start all over...
... and, it's free and anonymous
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How to fire buyers agent with pending offers
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Hi, I think I've decided to fire my realtor. I'm a buyer and not only does my agent not want to call listings, she's not getting back to me in a timely manner. How do I do this? I don't think I signed a contract and I have two pending offers on the table.
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