Can I break an agent binder?

Shaun
Other/Just Looking
Bronx, NY

This agent had me ign a binder to work with him for 3 months. Im not happy at all 2 months in and Id like to work with someone else. Im in NYC, do I have to worry about this binder?

Answers (6)
Annette Aviles
Agent
Bronx, NY

Hi Shaun,

I know I have signed buyer's agency contracts with clients and although I have never had to end a contract due to a party being unhappy, I always let my customers know that they can terminate the contract before hand if they feel I am not doing what I have promised them I would do. There are many things as a buyer's agent one must do to assist their client. This contract is meant to help both parties. If you truly feel the agent is not following through with what he/she said they would, I would definately speak with the broker. We have an open door policy in our office and do not wish to have anyone unhappy that we work with. I hope it works out for you and feel free to contact me should you have any other questions. Good Luck!

Annette Aviles
Licensed Real Estate Agent
Exit Realty Van Zandt
1314 Blondell Avenue
Bronx, NY 10461
(917) 292-9227 http://www.annetteaviles.com
Ambit Energy Consultant http://www.annetteaviles.energy526.com http://www.annetteaviles.joinambit.com

Wed Jun 10 2009, 11:36
Lori Burns
Agent
Montgomery, NY

Hey Shaun,
Other than waiting it out, you could approach his broker. Explain the situation and see if he/she might assign another agent in the office to work with you.

Tue Mar 3 2009, 18:02
Shaun
Other/Just Looking
Bronx, NY

Unfortunately I asked and he refused, what would my next step be? Do I have any other options?

Mon Mar 2 2009, 13:09
Paul Tarrats Jr.
Broker
Westchester County, NY

Like Lori & Lisa said, if your not happy, the professional agent will most likly let you out of an agreement because he is unhappy too. Talk with him.

Web Reference: http://Paulmvpteam.com
Fri Feb 27 2009, 13:50
Lori Burns
Agent
Montgomery, NY

Hey Shaun,
I am assuming that what you signed is actually a Buyer Agency Contract, not a binder (an offer to purchase a specific property). If my assumption is true then what you have signed is potentially a legally binding contract. I have three suggestions for you. First, have a frank conversation with your agent. If you are not happy it is likely that he/she is not happy either! Perhaps you can solve the issue and move forward in the home buying process. If not, the agent may be willing to break the contract voluntarily. It can only help to talk to your agent first. If this doesn't solve the problem, then I would suggest that you get the advice of an attorney before moving on to avoid any issues down the road. Lastly, you could take the month off from your home search and hire a new agent when this contract expires. Good luck to you!

Fri Feb 27 2009, 07:04
Lisa Brodsky
Agent
10950
FIRST ANSWER

Shaun,
OK, now you are tapping my knowlege..I THINK you can break it IF you sign another EXCLUSIVE AGENCY AGREEMENT with another BUYERS AGENT. The one catch would be if you buy a home that was previously shown to you while you were working with the agent that currently represent you as an exclusive buyers agent. I am NOT 100% sure, or an attorney. I CAN look into this further for you if you like...feel free to give me a call, I will ask/verify higher up to be sure for you.... 845-401-1448.

http://www.HudsonValleyNeighbors.com

Fri Feb 27 2009, 05:01

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