From the 'Exclusive Buyer agency agreement' DE:

Alert_Buyer
Home Buyer
Hockessin, DE

Duration: A.The term of this agency begins when this agreement is signed and it ends on 90 days signing date... B. .. either party may terminate this agreement or any renewal thereof by giving at least 0 days written notice any time. What does this mean under the condition The proposed contracted is terminated by the seller. Thanks.

Answers (5)
First to answer: Vicky
Judy May, Esqui...
Agent
Collegeville, PA

Just to follow up: I agree with Vicki.

By the way , you should ALWAYS be able to talk with your Realtor with questions....and your Realtor should explain every aspect of the contract that is confusing to you.

If you need a Realtor in Delaware, feel free to call me at (610) 324-5240. I have working relationships with some really TERRIFIC Realtors there.

Good luck!:)

Warmly,
Judy

Judy May, Esquire, REALTOR
"A Refreshingly Different Real Estate Experience" http://www.JudysFineHomes.com
Judy.May@Century21.com

CENTURY 21 Alliance
2828 Audubon Village Dr
Audubon PA 19403
O: 610.666.0202 x. 226
C: 610.324.5240 (preferred)
F: 610.666.1942

Tue Aug 18 2009, 14:12
Vicky
Agent
19382

BuyerSeller09,

I am not licensed in Delaware, but in PA where I am licensed., if the term was 90 and could be cancelled in writing with 0 days written notice, then you should be able to cancel at anytime before the expiration of the 90 day contract as long as you give that notice in writing. Sounds to me like the term of 90 days was just to cover you up to settlement on the property, and if you didnt get the property, you could cancel the contract with 0 days written notice. I do not see why you should not be able to cancel.

Tue Aug 18 2009, 13:46
Alert_Buyer
Home Buyer
Hockessin, DE

If you are saying that you put in an offer to purchase and that offer is rejected/ terminated by the seller, your buyer agency contract with your rep. would still be in effect unless if you terminate that relationship in writing with him/her. Hope that helps.

Will the agent agree for it if I give him in writing. The agent did not explain this to us. 90 and 0 were selected by the agent without explaining. I had categorically asked thim o send all the forms for my understandings? He did not.

Tue Aug 18 2009, 10:10
Judy May, Esqui...
Agent
Collegeville, PA

Hi there. Is the DE in your question related to Delaware? I'm not sure what that's referring to.

With respect to the term of the agreement, it sounds like it lasts 90 days...that would most likely be 90 days from the date that both you and you Realtor signed the agreement. With that said, Section B seems to indicate that EITHER you or your Realtor may terminate the agreement at ANY time (that is, with 0 days notice) so long as the termination notice is in writing (note: look elsewhere in the agreement for the proper method of "notice" to your Realtor....typically it will give you an address to send your termination letter...as well as a method of sending it (e.g., certified, regular mail, etc.). Short of termination by either you or your Realtor, this agreement would remain in effect throughout that 90-day period.

Now, on to your final issue: I believe the situation you're describing is where your Realtor wrote an offer for you and submitted it to a seller but that offer was not accepted by the seller. (If I'm incorrect on this scenario, just let me know....)

In that instance, it appears that you still are able to terminate your agreement with the Realtor upon WRITTEN notice (as required under the terms of the agreement..that is, certified mail or whatever is stated in the agreement).

I hope that helps. As a formerly practicing attorney, I provide my clients with contract advice and guidance throughout the homebuying and homeselling process. Feel free to call me direct at (610) 324-5240 with any additional questions you may have.

Good luck and blessings to you...........

Warmly,
Judy

Judy May, Esquire, REALTOIR
"A Refreshingly Different Real Estate Experience" http://www.JudysFineHomes.com
Judy.May@Century21.com

CENTURY 21 Alliance
2828 Audubon Village Dr
Audubon PA 19403
O: (610) 666-0202 x. 226
C: (610) 324-5240 (preferred)
F: (610) 666-1942

Search 1000s of homes! http://www.CollegevilleAreaHomes.com

Sun Aug 9 2009, 11:04
Vicky
Agent
19382
FIRST ANSWER

If you are saying that you put in an offer to purchase and that offer was rejected/ terminated by the seller, your buyer agency contract with your rep. would still be in effect unless if you terminate that relationship in writing with him/her. Hope that helps.

Sun Aug 9 2009, 07:11

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