Home Buying in Sacramento>Question Details

Wendy O'quinn, Home Buyer in Sacramento, CA

Our realtor has changed companies in the middle of our escrow....will that affect us in any way?

Asked by Wendy O'quinn, Sacramento, CA Tue Apr 15, 2008

As you can see from my postings, our home purchase has been a very bumpy road....now I received an email today to tell me our realtor has moved to a different company. Will that affect us as buyers in any way.....I would have appreciated a phone call actually.....it's just another surprise we don't appreciate at this point!

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6
Hi Wendy,

The short answer is that it 'should not' affect your transaction experience at all...if anything it may affect your agent's experience in the transaction. Most agents will affiliate with more than one company during their career - and most busier agents will almost always have listings and/or purchase transactions in contract at the time of the switch. Really there is almost no opportune time for an agent to make a switch. You should not experience any speed bumps as a result though - your agent will likely complete this transaction under the company where the transaction originated.
Web Reference: http://www.erinattardi.com
1 vote Thank Flag Link Tue Apr 15, 2008
Erin Stumpf…, Real Estate Pro in Sacramento, CA
MVP'08
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In California, an escrow company is the third party who oversees the transactional paperwork between the buyer and the seller. The fact that your real estate agent has switched companies will only affect the way your agent will be paid by his/her company and should not affect your transaction. The brokerage is being paid a commision for the sale and it will be dependent on that company to share the commission with the agent based on their contractual arrangement.
1 vote Thank Flag Link Tue Apr 15, 2008
One guarantee in a real estate transaction is that nothing will go according to plan. (That's all to say sorry for you frustration on this one.) But hopefully the realtor changing companies will not worry you too much.

Your contract is with the broker, not the agent. The agent, as others have said, will most likely support you through this transaction and still be compensated from his original broker for the effort so that should not change anything on your purchase. However, if you feel more comfortable, you can contact the broker to have him assure you of this directly, and address any and all concerns that you're having The less stress for you the better, but this probably won't affect the level of service you receive from your buyer's agent.
Web Reference: http://www.suearcher.com
0 votes Thank Flag Link Tue Apr 15, 2008
Wendy,
I am sorry to hear that you have had a difficult time during your home purchasing experience. Since you have indicated the word "escrow," I am assuming that a Ttile Company and Escrow Officer has the file for the property that you are purchasing. If that is the case, then no, just because your realtor changed companies does not mean this will in any way affect you. I hope that your realtor will be at your closing just to make sure that everything does go smoothly. You may want to call your realtor and ask if she will be present during the signing. This is always a good idea and something that I strongly believe in and do for my clients which helps to assure for a good close.

I wish you the very best and enjoy your new home.
0 votes Thank Flag Link Tue Apr 15, 2008
Hi Wendy,

Your Realtor should have given you notice about changing brokerage firms.
Based on your information it sounds as escrow is already open so in this case it should not affect your purchase. Good luck!
Leonardo
Web Reference: http://www.leonardoteam.com
0 votes Thank Flag Link Tue Apr 15, 2008
Wendy,
I'm sorry to hear that your transaction has been so tumultuous! Every brokerage will handle your situation differently, but most will allow your escrow to finish with the previous company where your Realtor was employed. You should be okay, but it might be worth a phone call to your Realtor, their previous broker and their new broker.
I hope the end of your escrow goes smoother than the beginning!
Web Reference: http://www.KellieSwayne.com
0 votes Thank Flag Link Tue Apr 15, 2008
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