Our job is to steer you in the right direction ,1st to either refer you to a lender to get pre-approved,Or have you call a lender that you are comfortable with, and then to show you homes in your price range and hopefully suitable for you, after the approval stage. . I am assuming you met them thru a phone call wanting to see a home. They set a time to show you, asked if you have been pre-approved, and you said NO.
They referred you to a couple lenders and because you have'nt gotten qualified, your blaming them, Or saying they aren't doing their job, because they aren't showing you any homes.
In all reality , since the approval isn't completed for whatever reason, If they were showing you homes for the last 6 months, they wouldn't have been doing their job correctly. Because they would have been wasting everyones time. Yours, Theirs, the home owners that had to leave to let you walk thru etc.
When I 1st got my license I quickly learned a hard lesson, alot of " buyers are liars".
I worked with a few buyers, one was someone I even knew , I refererred him to a lender, He said he would have no problem getting qualified, I took his word for it. They even owned a home already so I was going to get the listing for his home, and the sale of a home to him. Over a period of 3 months I showed him close to 30 homes, and finally found one they loved. I said great lets write a contract and I would submit the preapproval letter with the contract. A standard practice.
They never went and got approved , they said they wanted to wait till they found a home. So then they went ot the lender, Guess what. The lender told them to clean up their credit make their payments on time and come back in a year. By trusting them and not waiting to show them homes till they were approved, wasted everyones time. Didn't receive one Dime. I for one, no longer do this.
Not trying to sugar coat anything here!!!, just being honest, So for now on, unless you have a paper in hand that shows you doing your part, of getting to a lender and getting a loan, especially these days when credit is tight. You won't find me ,or to many agents , if any at all that will run all over town and show you homes without getting approved 1st.
We only are paid if we complete a sale, whether it be the listing agent for the seller, or in your case the buyers agent . Not on how many homes that we show or hourly etc.
And we are not the ones that give all your documents to your lender this is your resposibility.
So if you would like to work with me after this feel free to email or call me at. 402-709-9768
I am happy to see if I could help you start the process, and have lenders I work with that could possibly help. Thanks Paul
No referral fee is required. If your current agent set you up with a new one, any fee would be between them and not involve you. If you signed a buyer's agency agreement, chances are it has expired by now.
Before you select another agent, learn some lessons from this experience. Ask what you want from your next agent and search for someone who matches your criteria who is knowledgeable, experienced and has successfully represented other buyers. As agents, we are only paid when we succeed in helping our clients obtain their goal of buying or selling.
However, if you signed an "Exclusive Buyers Agent" agreement you may be obligated to that agent until the agreement expires. This fee is not typically referred to as a "Referral Fee", but a Buyers agent fee/commission.
Any further questions please feel free to give me a call at 402-496-3700
Experience Isn't Expensive... It's Priceless.
Selling Homes For 37 Years
Don & Valerie Keeton
Hope this helps.
NP Dodge 402.598.7253
1. The agreement is with the agents company and not the agent themselves so you can ask the office broker to release you from the agreement.
2. Ask the broker to let you work with a different agent - in which case they will deal with any referrals or commission splits in the office.
3. Wait until the agreement expires and move on.