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Switching Real Estate Agents All Locations : Nationwide Real Estate Advice

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Activity 157
Showing results for Switching Real Estate Agents [Clear search]
Wed Mar 10, 2010
Jed Lane answered:

First just a small correction. The "selling" agent is the one representing the buyer. The "listing agent is who you are asking about.
You have a contract with the brokerage no the agent. The brokerage will likely want to keep the listing and will work with you to assign anopther agent or address your concerns. Contac the manager/broker to talk. Also read the contract that you signed. Most of the time the tems will tell you what you can do and answer the questions like keeping the property off the market. ... more
0 votes 17 answers Share Flag
Wed Dec 31, 2014
Dallas Texas answered:
Just another form of collateral determine if all is valid, many try to submit alter documents bank just wants additional proof. All home buyers must submit bank statements, I am a Realtor, and loan officer if I were purchase any property I still have do same as any home buyer even if I were do my own loan

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0 votes 41 answers Share Flag
Thu Feb 11, 2010
Dianne, not sure how that would work. The only thing that comes to mind is increase the sales price which would increase the net to the lienholder. Of course then the appraisal would have to support the higher value (hopefully it wasn't done first).
I can see how a lender might refuse to fund. The new buyer is contributing money that is not part of the new real estate purchase transaction, it's similar to including personal property in a purchase contract, it reflects on value and I could see an underwriter, reducing dollar for dollar the "value" by the amount of the "non-real estate" contribution. If the bank requested the money to be paid "off the HUD", that's illegal and they may have figured that out after the first one.
Very interesting question, that's one I'd not heard of.
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0 votes 14 answers Share Flag
Thu Jan 14, 2010
Mike Linkenauger answered:
Thats messed up! Sorry to hear about your experience!
0 votes 42 answers Share Flag
Sun Apr 10, 2016
Are you asking whether you can use a different realtor than the listing agent on your home you are looking to sell? Or, do you want to work with different agents to show you different listings? ... more
0 votes 21 answers Share Flag
Wed Dec 30, 2009
Patti Winger answered:
You mother can give you gifted funds for the downpayment. She will need to write a letter that it is a gift and show evidence that the money is in her account and available to "gift". ... more
0 votes 8 answers Share Flag
Mon Nov 30, 2009
Jill Stehnach answered:
I think your obgliation is to both the buyer and the realtors involved. If the home is under contract, then you have a legally binding document that says that you have agreed to sell the home to the buyer(s). If you have not entered into an agreement of sale with a buyer, then you will not have to pay commissions to anyone. You will just need to let the broker for your agent know, in writing, or your desire to cancel your contract to sell the home. If your home is under agreement with a buyer however, I would suggest that you contact a real estate attorney to see what your options are. As you now have a buyer who wants to buy the home, and two agents who are expecting to receive compensation for the work that they have done to date. I hope that this works out for all parties involved! ... more
0 votes 4 answers Share Flag
Fri Oct 2, 2009
Sean Dawes answered:
Can you give us some more info on the ethics reasoning?

As long as you have reason, that broker should not hold you to it and you could argue your proof if they did try to come after you.

Sean Dawes
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0 votes 7 answers Share Flag
Sat Mar 8, 2014
Has your loan already closed? If so, it can take a while after closing for the paperwork to get set up in their draw dept before contactors can be paid......
0 votes 170 answers Share Flag
Thu Feb 4, 2010
Joseph Runfola answered:
Probably because they are no longer able to pay their franchise fees, or they are changing franchise names to pay less to the new franchise. The greater concern should be whether their fiduciary relationship, and services remain in effect. This will also demonstrate that a franchise name is just that - a name. The agents are the same people regardless of what name they operate under. ... more
0 votes 9 answers Share Flag
Sat Mar 7, 2015
Jesse Sierra answered:
Hi R
Did the agents you contracted do a market analysis on available homes along with sold condos in your community?
They should show you where the current market is and if you are confortable with the selling you condo.
Can your condo be financed with an FHA loan?
Are your agents holding open houses? If not, have them hold open houses if you are comfortable with open houses.
Are the agents marketing your home online or around your community?

Hope this helps,

Jes Sierra, B.Sc.
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0 votes 16 answers Share Flag
Wed Dec 23, 2009
Karen Wilkinson answered:
I'm sorry to hear that you have been through so many realtors. My advice would be to look for a top producer who you like and who you mesh well with as it is a relationship that requires alot of communication. Best of luck to you. If I can assist you further my contact information is below.

Karen Loiacono
Oh by the way I'm never too busy for your referrals!
732.599.1938 Cell
732.656.3131 Off
732.909.2859 Fax
Please visit my website:
Making my clients happy! One sale at a time.
2006, 2007, & 2008 -BRONZE
Remax 100% club 2007 & 2008
The highest compliment I can receive is the referral of friends and family! Thanks for your trust.
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0 votes 26 answers Share Flag
Mon Jan 4, 2010
Robert Porbansky answered:
You can ask your agent for an unconditional release, if they ask why tell them the truth that you are not happy with them, if they say no that you have a contract tell them that you know longer whant to sell your house and that you want to withdraw the listing. If you have any questions please give me a call.

Robert Porbansky
Sales Associate
Office # 732-634-2500
Direct # 732-841-4369
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0 votes 14 answers Share Flag
Mon Aug 24, 2009
John Keene answered:

The key here is "There is no written agreement between the buyer and this agent." Without a written agreement, the previous agent is not due any commission. Had there been a written agreement there would have been a determined "hold over" period, during which the agent would be due a commission if the buyer went back to the previously under contract home. But since this is not the case as outlined above, I don't believe the agent has any claim.

I hope that helps,

John Keene
Keller Williams
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0 votes 13 answers Share Flag
Thu Jan 7, 2010
Firenze@Sorrento answered:
Hi Cmore,

These incentives are typically the standard but just under different names. If you can share what they are telling buyers like you specifically, people here can better evaluate the incentives for you. Good luck. ... more
0 votes 10 answers Share Flag
Fri Nov 11, 2011
Lori Jeltema answered:
extended, I hope. Think of all the buyers involved with shortsales waiting on the banks to finalize everything. With that factor and the new laws regarding appraisals and such, closings are taking so long. It would be a shame to go under contract in August and close December 2nd and miss out. ... more
0 votes 213 answers Share Flag
Wed Jul 15, 2009
Bob Ross answered:
talk to your real estate agent they will guide you
in the right direction
0 votes 9 answers Share Flag
Thu Jul 9, 2009
Tim Cahill answered:
You should at least be able to get some concessions from them, or some extra money now, to accommodate your inconvenience. They have steps to abide by in the contract, just as you do, and they should be held accountable for them.

If I were you, I'd think about switching lawyers, too!

Best of luck! Let us know how it works out.

... more
0 votes 6 answers Share Flag
Wed Dec 2, 2009
Sean Dawes answered:
I would first look at the price of the home compared to comps. Is it truely priced right?

I know some owners would like a certain price but the market sets the price of what it is really worth. The best realtor in the world can not sell $1 for $1.50 to someone regardless of how nice it is.

If it is, then you have a marketing issue. Hold open houses? I dont like having them a lot but one or two when it hits the market is good. Also does it show well? Have any pictures to share with us?

Where are they marketing it other than the MLS, trulia?

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0 votes 14 answers Share Flag
Mon Jun 22, 2009
Sonal Goda answered:
Hi - if you are changing the type of financing - conv to FHA or VA, lowering the amount of downpayment, changing from an adjustable rate to a fixed rate - these are things that the seller or bank may care about. If you are changing the bank or loan officer but still have the same type of financing, it will not affect your offer. ... more
0 votes 23 answers Share Flag
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