As Deborah mentioned, it may leave you with some obligation should you decide to pursue any of the homes that he's already shown you, but if released, you'll owe nothing to the old agent on any new properties.
We're finding a weird market, here in Northern Illinois. The market has slowed, but properties that are priced well, go on market and quickly find themselves in a feeding frenzy of multiple offers. So it's possible that the loss of the two properties "might" not have anything to do with your agent. But if you've had a crisis of confidence in him, it may serve both of you well, to part ways.
I am not in your market, however I found your post interesting. Many people have answered your question accurately, however I wanted to point out one issue.
Your agent does not have anything to do with the success or failure of your offer, unless they were never presented. You may reconsider your negotiating strategies as your offers may be too low or unreasonable in some aspect.
If you don't even know if you signed something or have a copy, simply write a letter to your buyer's agent saying that you will be going with someone else (keep a copy for yourself and your new agent). As long as you don't see the same houses with the new agent as you did with the old agent, so shouldn't have any problems.
Good luck. Interview buyer's agents asking them about their negotiating skills and references.
If you didn't sign an agreement, you can just let the agent know that you are no longer in need of their services and end it there. But you must also know that if you are interested in a home that you visited with that Agent, the agent is the procuring cause and may be enititled to commission. I have a client that was recently in the same situation but luckly, the homes that they previously saw were not ones that they were interested in, so they were able to part ways and move on.
If you are looking for a Realtor who will help you find the perfect place and take your needs into heart, I can help you find the perfect place. I live in the Algonquin area and know the local area and surrounding suburbs. I would love to help you find a home that suits your needs and budget.
You can email me (firstname.lastname@example.org) what you are looking for and we can determine the homes that fit your criteria and view the homes that best fit. I have access to thousands of homes on the market as well as homes that are brand new that haven't been posted yet. With my resources, I can find the right home for you.
If you need any help with anything or have any questions, please don't hesitate to contact me.
I can help you review the documents that you may have signed or help you determine further your course of action.
Thanks so much!
Without commenting on the specifics of your situation, you need to be concerned that you may have signed an exclusive buying agreement that could state that you owe your first real estate agent a commission even if you find a purchase a property on your own or with another agent.
Even without an exclusive buying agreement, if your first agent was the first to show you a property and you purchased it with a 2nd agent, you may owe the 1st agent a commission because they were the "procuring cause" of that transaction.
Get those docs and find out where you stand.
When you choose another Realtor, let that person know which properties that you visited w/ the prior agent. Your replacement Realtor should be made aware of any potential claims to commissions that could affect him/her. This doesn't mean that the new Realtor won't work with you, it provides him/her the ability to work out a suitable split, referral fee or determine such is not needed.....whatever the case may be. Bottom line......Disclosure and honesty can go a long way to avoid complications for all.
Best of luck in your search....
Deborah Madey - Real Estate Broker
Peninsula Realty Group - New Jersey
As it pertains to your search for future properties, your obligation depends upon any agreeement that you may have in force w/ the buyer agent. As JR indicated, you may have signed a disclosure, not a formal agreement for buyer representation.
If you did enter into a formal agreement, there will be terms contained therein that describe your rights to exit and terminate. Since I don't know what you signed, it's challenging to provide any specifc advice.
I would suggest that you contact the buyer agent and ask for a copy of what you signed and review it.
I would check with the Realtors Broker or the local real Estate Board to see if you are within your rights. No one can FORCE you to remain with a Realtor who has not performed thier duties to your satisfaction. But at all times the buyer/seller should be fair to the Realtor who may or may not have actually violated any Fiducuary duties or contract with their customer. That being said if the buyer/seller does not 'like'
their Realtor then you have the right to go another realtor by explaining that fact to the realtor.
Hopefully it will turn out well for you.
Helene Scully HmS II Inc in S FLorida
But, whatever you do, resolve the situation with your current Realtor before signing an agreement with a new Realtor.
Hope that helps.