Our realtor is representing us (the seller) and also the buyer. The buyer asked for an extension to closing but we are not being told why or when.

Asked by Nancy Gann, Culleoka, TN Thu Jun 13, 2013

How do we proceed? We are not getting answers from our agent or the title company.

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13
Dorene Slavi…, Agent, Torrance, CA
Sun Jun 16, 2013
Dear Nancy,
You should get answers right away so if you are not go to the Head of the Agent's office who is the Managing Broker. Just call the office and ask for her/him and let them know the situation. You should get satisfaction fast.
0 votes
BOB Khalsa, Agent, Newhall, CA
Sun Jun 16, 2013
In California, brokerages represent buyers and sellers not individual agents. Agents, or salespersons and broker associates, as they are referred to represent the brokerages. Not sure how it works in TN but your best bet is to call the Broker or office Manager immediately and demand an answer.
0 votes
carlos parra…, Other Pro, Monrovia, CA
Sat Jun 15, 2013
Ask to speak to the Agent's Broker.
0 votes
Douglas Perez, Agent, Los Angeles, CA
Fri Jun 14, 2013
At this point of your situation, you should contact your agent's broker and supervisor for an explanation and their duties owed to you according contract. Otherwise, you would need to get a real estate attorney to get involved exclusively to protect you and your interest on your side of the transaction.

Good luck,

http://douglasperez.pw
0 votes
Cindy Davis, Agent, San Diego, CA
Fri Jun 14, 2013
If you Realtor is not answering your questions...that's a problem. You are entitled to an explanation. If your agent is not responding to you then you need to speak with his or her broker.

When taking on dual agency, a Realtor must be forthright with both parties to make it work.

Good luck.
0 votes
Scott Miller, Agent, Boca Raton, FL
Fri Jun 14, 2013
@Mack. Are you saying if I live in CA and want to have my real estate attorney advise me in the purchase, I'm breaking the law? That does not sound right. I have friends in CA that use attorneys for RE all the time.
0 votes
Mack McCoy, Agent, Seattle, WA
Thu Jun 13, 2013
@Scott, California doesn't use attorneys.

Nancy, if you're buying in California, your Realtor® is not representing you or the buyer, they are a dual agent representing the transaction.

You need to get answers from the broker and/or the title company; there is no alternative.

All the best,
0 votes
Gail Mercedes…, Agent, Beverly Hills, CA
Thu Jun 13, 2013
Your Realtor is a dual agent representing buyer and seller. You are located in TN and I am in CA. In California the seller pays the commission. The real estate laws maybe different in TN and CA. In California, the signed purchase agreement buyer has contingency date and completion time for home inspection, loan approval and closing. I do not know you time frame and am wondering if buyer has satisfied loan approval date.? In any event, you are not required to extend escrow. I WOULD CONTACT THE BROKER ASAP. The situation should be explained thoroughly. Based on actual facts you can make judgment to extend or not to extend. This sent up red flags: does buyer qualify or does buyer have cold feet or what? If escrow is extended there has to be a firm date for closing.

Gail Mercedes Cole
EXP Realty
310.853.9933
0 votes
Felipe Gutie…, Agent, Redondo Beach, CA
Thu Jun 13, 2013
You must have a meeting with your agent and express your uneasiness and dissatisfaction. You and the buyers are the important parts of the transactions and he must obey your command, thank you!!!
0 votes
Felipe Gutie…, Agent, Redondo Beach, CA
Thu Jun 13, 2013
A diligent agent must have control of the transaction, and must inform represented parties at all times and of course he has to inform you about COE extensions or addenda etc. This is his due diligence to represented parties, thank you!!!
0 votes
Lee Fruchter, Agent, Glendale, CA
Thu Jun 13, 2013
Talk to the broker or the office manager and explain the situation to them.
0 votes
Luz Rodriguez, Agent, Chino, CA
Thu Jun 13, 2013
Call the office and talk to the broker
0 votes
Scott Miller, Agent, Boca Raton, FL
Thu Jun 13, 2013
Hi Nancy.

Hmmmm, is there any reason on Mother Earth that your attorney representing you (and your interests) in this transaction is not answering this question? You DO have an attorney, right? You're aware that real estate agents are not attorneys and are not allowed to give legal advice?

Get an attorney to represent you at closing and/or title insurance (or review) and find out what's really going on with the 'extension'. Ask your friends and family for a referred attorney so you don't pay more than you should for his/her services.

GOOD LUCK.

Scott Miller
Realty Associates
Boca Raton-Miami Beach, FL
0 votes
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