Q: I have signed with a Realtor that only sends me automatic listings. She has not contacted me or has done any research on my behalf. In the state of Virginia I can?t even see a property without being signed up with a realtor. So, how can I break this contract and/or how binding is the contract and implications of breaking the agreement? Right now I want to only work with listing agents as I feel they might work harder for me if they are receiving both selling and listing commission.
?HMS, Springfield, VA
A: You can choose to work with whomever you like. I strongly disagree though that a listing agent will work harder for you. I would get a good buyers agent. Interview two or three of them. Go with one that is going to work hard for you and that you mesh well with. Best of luck.
Matt Laricy is a Realtor? with Americorp Real Estate in Chicago, IL.
A: Do you really have a contract? If you have a buyer agreement and you are unhappy with the service the agent provides, speak with the managing broker or broker in charge. Contracts are always with the broker, not the agent. You are unhappy, it?s the broker?s problem. As for working with listing agents only, think again. The listing agent works for the SELLER. Should you not want to be represented by YOUR agent? Also, ?working? with listing agents only is a pain. You are going to re-educate each agent as to what you are looking for, what are deal-killers etc. Let?s say there are 12 homes you are interested in. You are now giving 12 different agents your pre-approval, your personal preference, your bank statement (proof of funds)? Get a good buyer?s agent and stick with him or her.
Sylvia Jonathan is a Realtor? at Coldwell Banker Platinum Properties in Irvine, CA
A: You really need to talk with the Division of Real Estate in Virginia. Each State has laws on how the Consumer is to be represented. The listing agent here in Ohio, representing only the seller however, agent can practice dual agency. Dual agency says an agent CAN NOT advocate for either party. In other words, totally neutral not giving either party the upper hand in the negioating.. When I am the listing agent, I will not represent the buyer. The buyer deserves their own representation not shared representation.
Think about what you said, ?Right now I want to only work with listing agents as I feel they might work harder for me if they are receiving both selling and listing commission?. I would be rather outraged if the only reason an agent would work really hard for me is because they would earn more money.
Have you ever made contact with the agent an asked for their help in doing research? I can?t do any research unless I know what kind of research is needed.
Sunny Demko is a Realtor? with Keller Williams Realty in Westlake, OH.
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Related posts:
- Can I Sell My House Privately If We Signed A Contract With A Realtor?
- What Are The Advantages And Disadvantages Of Working With The Seller?s Agent To Buy A Home?
- Can I Break A Listing Contract If I Haven?t Listed My Home Yet?
- If Another Realtor Shows My House While My Realtor Is On Vacation Do I Have To Pay Them?
- What Should I Expect From My Buyer?s Agent?
Source: http://www.realtor.com/blogs/2012/10/10/how-do-i-break-my-contract-with-a-realtor/
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