Home Buying in 46032>Question Details

Kate Sherratt, Home Buyer in Carmel, IN

Changing Agents

Asked by Kate Sherratt, Carmel, IN Mon Jan 25, 2010

We think that our realtor is also representing a seller of one of the properties we are looking to lease. (commercial) We don't feel that he is looking out for our best interests. He just keeps pushing the one property. Can we just tell him we aren't using him any longer? Can we still lease the properties we saw with him?

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Answers

5
You are always allowed to ask for a "mutual release" if you are under contract with an agent who is not providing the service you are wanting. Agency relationships are complicated.
0 votes Thank Flag Link Wed Dec 5, 2012
Just checking in with you to see that everything has worked out in you home buying/selling situation,
0 votes Thank Flag Link Tue Sep 7, 2010
Your best first step is to have a candid conversation with your realtor and let him know about your concerns, and that you feel like he's pushing one property and not being objective. If that doesn't help, then you really need to review the agreement you have with the agent to determine your options.

Good luck.
0 votes Thank Flag Link Mon Jan 25, 2010
First question I have for you would be have you signed a buyer's agency agreement form. Second, if your agent has the listing, and you are interested in that property, you will be entering a "Limited Agency". Again, must be disclosed. As a limited agent, he can't give one party an unfair advantage over the other. He can't tell seller you will pay more and can't tell you that the seller will take less (this is an example). Ask yourself why you think he is not out for your best interest. What you want is an agent who keeps a strong fiduciary relationship with you. Communication is key too. Sitting down and having a face to face to decide if the relationship is going to continue will make you feel better. Tell agent your thoughts. Maybe he would suggest you work with someone else too. Many agents are very comfortable and confident when dealing with a limited agency. Sounds like you are not even sure if he is representing the property. Maybe there is something else going on. Good luck.
0 votes Thank Flag Link Mon Jan 25, 2010
Kate,
My first question is do you have any sort of signed buyers broker agreement with your current representation? If you do, you may be obligated to meet it's terms. In short, no agreement = you can fire your realtor. Now to address your representation...... if the agent is representing the other party, thats a limited agency relationship and should be disclosed. Have you asked him what his relationship is with that property? On the flip side, is the property he is pushing one that could meet your needs? It may be that after his examining all of what you are looking for and the time frame you want to accomplish this in, it may be in his opinion the best deal going, and thats why he is pushing it. Either way sounds like your communication and trust is not at it's best with your agent. I would suggest sitting down and laying out your concerns, including your thoughts on fireing him and looking for another agent. Short of a signed agreement, you should be at liberty to persue any property. If the agent has put in significant time and money in your commercial transaction, he may be entitled to some form of compensation. Without any signed agreement, this may be difficult to demonstrate.
0 votes Thank Flag Link Mon Jan 25, 2010
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