I suspect your agent didn't have you sign a Buyer's Agency Agreement. But, even if everything with your agent/ friend has been verbal, you and he do have an agency relationship. It twould be best for everyone concerned if you told your friend/agent that the relationship isn't working and then follow it up with a letter (best) or at least an e-mail. That way, you have a paper trail that you have ended the relationship and no longer wish to work with that agent.
I think there is less chance of your agent/friend or the brokerage firm trying to get you to pay a brokerage commission or claimng "procuring cause". - Tue Nov 3 2009, 22:32