Posted by dealmaker on March 26, 2005 at 18:22:43:
Get another agent. AFAIK if she is a REALTOR (trademark) she may be obligated to submit it. At least in EVERY state I’ve ever seen. Now that I think about it it’s part of the REALTOR code of ethics.
BTW, I used to have some agents try this or the “oh, they’ve had another offer for two weeks and haven’t responded”. In that case I just put a “reply in 72 hours” in my offer, and told the agent to take it or get reported!
But in answer to your question, no you would have no damages. But could possibly get her ticket revoked.
I really need some insight on this. My father, husband and I are getting into the rehab business. We got all our finances ready, and are approved for the loan we need. We found a house and submitted a bid to the seller’s realtor (the property is bank owned). The realtor is refusing to send it through. She said that they will not take the bid we offered, we have been dealing with this lady to get her to send the bid through since Wed 3-23. My father drove by the house again today and their she was with one of her clients showing the house. What I need to know is if she sells it to her customer and we lose out since she wouldn’t send in our written bid if we could fight it in court over lost profits or anything. Please help me, we really need some insight. Thanks in advance!
I have a NJ Real estate license and in this state, all WRITTEN contracts must be presented. If this is true in all states then the realtor is bound by this and I believe can be sued if she does not submit your offer.
good luck…and also I would try to find another realtor.
Go direct to the lender/bank. County records and/or county tax board will have the info you need. They may tell you to go through the realtor, if so explain that you tried and the realtor would not submit your offer. That will be a nice little payback to the jerk realtor who would not work with you. Also you have contacted the broker about the realtor’s refusal haven’t you? Don’t get flustered if it all falls apart. Wasted energy you know. Save it and find the next deal. Just put the realtor/real-estate firm in your “do not work with/do not recommend” file and warn people away from them every future chance you get and you will get the chances if your active in this biz.
People who know you and what your are doing will see you as someone to ask advice from. There is your payback opportunity.