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Marcia Kelly, Real Estate Pro in 66614

Can a client break a buyers agency contract for no other reason than his parents told him he should work with their agent?

Asked by Marcia Kelly, 66614 Sat Oct 26, 2013

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You have a choice to make them stay in the agreement or let them go. Check with your managing broker first.
0 votes Thank Flag Link Sat Oct 26, 2013
Life is too short - you just let them go. If they remember good things about you they, or others they tell may work with you at a later date. I guess if you have procuring interest, you could try to get compensated from the closing. Call the Legal Hotline.
Neva Smith
RE/MAX Connections
0 votes Thank Flag Link Sat Oct 26, 2013
Thank you, Neva
Flag Sun Oct 27, 2013
Marcia, this is a battle YOU CAN NOT WIN.
Keeping Mom and Dad happy, especially if they are the source of the downpayment, is critical.
If you choose to engage in trench warfare, and this will prove costly, add a few benefits that will compet the parents agent to do likewise. You won't get the business, but everyone will love you for the rake back you will create.

Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
0 votes Thank Flag Link Sat Oct 26, 2013
I see that you're an agent.
What does your broker advise?
What does your buyer agency contract state?
Did you call your legal hot-line?
0 votes Thank Flag Link Sat Oct 26, 2013
That would be somewhere in the Buyers Agreement they signed. Please read it carefully & you may have the option at no cost of terminating the agreement.
0 votes Thank Flag Link Sat Oct 26, 2013
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