Home Buying in 75455>Question Details

Andy, Home Buyer in 75455

How do I report unethical tactics by a real estate broker in Texas?

Asked by Andy, 75455 Tue Nov 8, 2011

We are interested in buying a home where the selling agent has told us to contact a local agent. We do not fee comfortable doing this. The selling agent has indicated that if we do not use that agent that we will not be able to buy the house. Any suggestions?

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Andy,

While this is not common in all parts of Texas it may not be unethical.
In some communities or parts of the US, it is a common practice.
New York City for example it is common.
This is probably common in places where one brokerage dominates the market.
Not sure if that is in Mount Pleasant or not.
It doesn't necessarily mean you can't hire your own representation and pay them,
However it could mean they don't have to let that agent have unlimited access to the house or pay them a cooperating agent fee.
Of course we don't have all the circumstances or communications here, but perhaps the agent you hire can shed some light on the situation.
There of course are also ways to work in the commission you might pay your agent into the offer and your agent can help you with that.
Even with your own agent, you should be able to present an offer. In most cases, the seller's agent would be required to present that offer to the seller, unless the seller has instructed him not to. That probably is rare. The trick would be, how would you know if the offer got presented or not.
I'd go that route first and see what happens.
Good luck....
0 votes Thank Flag Link Tue Nov 8, 2011
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
http://www.trec.state.tx.us/

Please follow thru and report this.....

Tom Burris
Mortgage Banker
DallasLoanGuy.com
(214) 763-4629 cell/text/nights/weekends(Really!!)
tomburris@dallasloanguy.com
Lending all across the entire Great State of Texas!!
0 votes Thank Flag Link Tue Nov 8, 2011
To much he said she said Recommend to contact agents real estate broker determine the facts.
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Tue Nov 8, 2011
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