Posted by Realtorgrrl on June 10, 2006 at 22:29:23:
If you have no signed contract or buyer broker agreement between you then you could cut the broker out but if he has put things together for you he will have a case, especially if he has documented this fact proving that he is involved in the deal. The broker also may have supplied this fact to the seller or the title company where you will be closing too. Be careful.
Buyer Broker Responsibility - Posted by Martin Kalberer
Posted by Martin Kalberer on June 01, 2006 at 08:52:51:
I am a buyer and in the middle of contract to close on a residential property in CA.
Is it possible to change broker’s without the consent of the existing broker? There is no buyer broker contract to bind us.
Any insight would be helpful.
Re: Buyer Broker Responsibility - Posted by Realtor Grrl
Posted by Realtor Grrl on June 05, 2006 at 17:38:28:
Martin,
If you have signed a valid agreement then it is binding. You should consult a real estate attorney before you end up paying double commissions.
Realtorgrrl
Re: Buyer Broker Responsibility - Posted by Realtor Grrl
Posted by Realtor Grrl on June 05, 2006 at 17:34:47:
Martin,
When in doubt ask a real estate attorney before you end up paying double commissions.
Realtor Grrl
Re: Buyer Broker Responsibility - Posted by River City
Posted by River City on June 02, 2006 at 10:07:00:
Why are you wanting to change brokers? Did your broker do all of the leg work in putting you and the seller together on this purchase? If so, your broker has records that would attest to this and he/she will earn a selling commission, even if you decide to switch. In addition, generally the real estate contract will reflect the commission the selling broker is to collect.
Re: Buyer Broker Responsibility - Posted by Martin
Posted by Martin on June 09, 2006 at 17:05:15:
Hi Realtorgrrl,
The issue is that there is no agreement nothing was ever discussed or documented, but is there an implied contract/agreement.
Martin
Re: Buyer Broker Responsibility - Posted by Martin
Posted by Martin on June 02, 2006 at 11:10:21:
No actually my wife and I did all the legwork to find the property.
We even made an offer with no agent. The seller and seller’s agent did not feel comfortable with us not being represented. So we found representation thru a relative.
The agent(the relative) is willing to give most of his commission to us but the broker had a complicated arrangement depending on who we find financing thru. The agent has told me repeatedly that the broker hasn’t done anything on this transaction.
Now it looks like his financing avenue is pretty poor. I found another broker who is willing to do the deal regardless of who we do financing thru.
I’m interested in feedback.
mkalbere@ yahoo.com
Re: Buyer Broker Responsibility - Posted by Max-Va
Posted by Max-Va on June 09, 2006 at 16:42:49:
Are you talking about a Real Estate Broker or a Mortgage Broker?