How long am I obligated to an agent if I made an offer with them? Am I obligated to that buyers agent? Thanks

Brian Buckley
Both Buyer and Seller
71913

in advance.

Answers (2)
Kelly Robertson...
Agent
Hot Springs, AR

Hi Brian, I am a licensed Realtor in Hot Springs. If you signed a Buyers Representation Agreement, there will be dates of service on the agreement. We feel that if you are unhappy with our service, in any way, that we will release you from this agreement, no questions asked. You can write a letter to the agent asking for a release.

As to the short sale question - the offer is in the Bank's court and there is nothing, that I know of, that can speed up this process. There are certain steps they must take, certain approvals, etc. and it's a rather drawn out process.

Please let me know if there is anything I can do to assist you. Kelly Robertson 501-538-4730

Wed Jun 10 2009, 06:29
Rhonda Hale
Agent
Austin, TX
FIRST ANSWER

Hello Brian,
Sounds like you had a bad experience in making this offer. I am a licensed Realtor in Texas so I can only speak about Texas real estate law but I would think that in regards to this question, the rules would be similar.

The answer to this question is really based on "What contracts did your Agent have you sign?" There is a contract called a BUYERS REPRESENTATION AGREEMENT that your Agent should have had you sign (I would have had you sign it if I was help you to find a home). The Buyers rep agreement is a contract that "legally" binds you to that agent in the purchase of your next home for the AREA and TIME framed stated.

Check the copies you have of the paperwork you signed and look specifically for this agreement.

For me personally, even if I have a buyers rep agreement with a client and they decide I am not the agent for them, I release them from the agreement (unless we are under contract in the purchase of a home).
It is no fun to be married to someone you do not like!

Hope this helped...Good Luck

Wed Jun 10 2009, 05:29

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