Welcome to the Real Estate Forum


The "ORIGINAL" Real Estate Social Network" SINCE 2005 and your #1 Resource for all things Real Estate


  •  »Over 35,000 Members
  •  » Answer Questions From "REAL" Buyers & Sellers
  •  »Ask Questions & Share Stories With Fellow Real Estate Professionals.
  •  »Read Articles & Blogs written by Real Estate Professionals.

...you have come to the right place!


YES! I want to register an account for free right now!


p.s.: For registered members YOUR FORUM NAME is free of ads

Results 1 to 3 of 3
  1. 04-21-2010, 05:01 PM #1
    joeko
    joeko is offline Renter
    Join Date
    Apr 2010
    Posts
    1

    Default Help With Buyer

    Hello Everyone,

    I'm a realtor in NJ and I did not have my buyer that I was representing sign an exclusivity contract with me. The buyer found a home which was for sale by owner, I contacted the owner, set up the appointment, showed my buyer the home and the buyer put in an offer on the home through me on 4/12/10. I followed up with the seller, and the seller rejected the contract/offer. Today, 4/21/10 my buyer calls me and tells me that the seller called him and they (buyer and seller) made an offer and both agreed on the offer. Seller's lawyer has already sent a contract to my buyer and my buyer's lawyer is currently reviewing the contract.

    My question is, is this legal? Can the seller and buyer bypass me even though the original offer/contract was submitted through me and my agency? The original offer/contract was for $430,000, they agreed on $472,500 (not sure if the price makes a difference, but it clearly demonstrates that the original offer/contract through me and my agency was rejected).

    I welcome any feedback guys!
    Thanks!
    Reply With Quote Reply With Quote
  2. 05-06-2010, 11:44 AM #2
    vijendrasnv
    vijendrasnv is offline Banned
    Join Date
    Jul 2009
    Location
    Connecticut
    Posts
    522

    Default

    I think it is possible and one can made efforts for this to make it possible.Nothing is impossible in this world only positive efforts needed.

    If you wants to solve this problem then you must make a proper move and should need an investigation also.

    Thanks
    Reply With Quote Reply With Quote
  3. 05-14-2010, 05:24 AM #3
    Greg
    Greg is offline Moderator
    Join Date
    Sep 2007
    Location
    Outer Banks
    Posts
    1,282

    Default

    The first thing you should have done, prior to showing, was get the seller to sign a commission agreement. Our MLS provides one.

    From what you describe, I don't see you getting paid. Who wrote the original offer means nothing if no one signed a commission agreement. Even if they had gone under contract with your offer they still don't have to pay you.
    Your Outer Banks real estate agent. Learn how to buy Outer Banks foreclosures.
    Reply With Quote Reply With Quote
« Previous Thread | Next Thread »

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules