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SVTPerformance's Chain of Restaurants
Road Side Pub
Ettiquette for switching real estate brokers situation question.
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<blockquote data-quote="Torch10th" data-source="post: 14110926" data-attributes="member: 15703"><p>Have you signed any documentation in regards to the old house and the old realtor? I know when I sold my condo recently there was right to representation verbiage that would have prohibited me from doing what you're asking about.</p><p></p><p>If you are honestly considering the original offer house, you may have a legal obligation via a signed contract to work with that realtor. If the new realtor has not done any footwork on the house you originally made an offer on, it would be somewhat unethical to bring the new realtor in and provide him/her with the sale.</p><p></p><p>If you wish to work with the new realtor, you need to be honest with your old realtor that you've retained a new realtor because you weren't satisfied from previous work. That way he can stop working on your behalf and spend time working with other clients. Realtors take this kind of thing extremely seriously. I don't know if it would go as far as blacklisting customers, but it wouldn't surprise me.</p><p></p><p>10 years ago when I purchased the condo I recently sold, I got caught up in a situation I knew nothing about. Having looked at a new construction with an on-sight realtor, I then contracted my own to finish things. To say that there were some feathers ruffled is an understatement. I nearly lost the realtor I retained that I really liked because she ended up having to split commission. The company building the community went as far as telling me in no uncertain terms that their realtor will receive partial commission, or they won't sell to me.</p><p></p><p>So, check any paperwork you've signed and you need to let both realtor's know about the situation.</p></blockquote><p></p>
[QUOTE="Torch10th, post: 14110926, member: 15703"] Have you signed any documentation in regards to the old house and the old realtor? I know when I sold my condo recently there was right to representation verbiage that would have prohibited me from doing what you're asking about. If you are honestly considering the original offer house, you may have a legal obligation via a signed contract to work with that realtor. If the new realtor has not done any footwork on the house you originally made an offer on, it would be somewhat unethical to bring the new realtor in and provide him/her with the sale. If you wish to work with the new realtor, you need to be honest with your old realtor that you've retained a new realtor because you weren't satisfied from previous work. That way he can stop working on your behalf and spend time working with other clients. Realtors take this kind of thing extremely seriously. I don't know if it would go as far as blacklisting customers, but it wouldn't surprise me. 10 years ago when I purchased the condo I recently sold, I got caught up in a situation I knew nothing about. Having looked at a new construction with an on-sight realtor, I then contracted my own to finish things. To say that there were some feathers ruffled is an understatement. I nearly lost the realtor I retained that I really liked because she ended up having to split commission. The company building the community went as far as telling me in no uncertain terms that their realtor will receive partial commission, or they won't sell to me. So, check any paperwork you've signed and you need to let both realtor's know about the situation. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Ettiquette for switching real estate brokers situation question.
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