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rap1zip1 asked:
My first real estate agent showed me a condo. I didn’t purchase it at the time. But three months later, I purchased the same condo by using 2nd agent, and the deal was closed. Now, the first agent heard about this, and demands a commission. What should I do?
for sale by owner???
have a lawyer read the contract you signed with the first agent. Depending upon what the contract says, you may or may not need to pay the commission.
Comment by gobble — March 13, 2010 @ 3:19 pm
Maryland Real Estate
If you signed a contract with the first agent you may still be required to pay her commission, usually these contracts are for 6 months. Review your buyer agent agreement and see what the guidelines are. I think she has every right to be upset and want her commission.
Comment by lepr0kan — March 16, 2010 @ 10:09 am
Redding CA Real Estate
Why didn’t you purchase it with the original agent? She spent her time and energy, her only assets, to help you out, and you rewarded her by buying through someone else?
It may not be illegal but it’s definitely unethical in my book.
Comment by Henry — March 18, 2010 @ 5:34 pm
Bozeman Real Estate
Read your buyer’s contract if you signed one.
Comment by William H — March 19, 2010 @ 4:33 am
Miami Fl Real Estate Listings
you may need to pay her a commission b/c she was the one who originally showed you the condo. check with your Buyer’s Agent agreement to see what the waiting period is.
just for future reference, I’m a big fan of using a realtor you trust and get along with. It’s fine if you didn’t like the first realtor and wanted to change, but she needs to get in on the action for doing work for you and finding the house you eventually purchased (if you had told your 2nd realtor, s/he may have been able to give the 1st agent a referral fee or something). Buyer’s agents work for you (the buyer) for FREE until the sale is completed. then they get compensated by the listing agent for helping them sell the house.
Comment by Kelly Malama — March 19, 2010 @ 11:23 pm
Chula Vista homes for sale
If you signed a buyer’s agency agreement with the first agent, then yes, you owe a commission, even if you did not use that agent in your transaction. If you did not have a written agreement with the first agent, or if you did but it had expired, then no, you do not owe a commission.
Comment by Stacie L — March 22, 2010 @ 11:20 am
Boston Mass Real Estate
Read the contract you signed with the first agent.
Comment by engineer50 — March 23, 2010 @ 8:03 am
Redding CA Real Estate
You are probably going to have to pay a commission. Did you make an offer on the condo thru the first agent?
Comment by PIE R SQUARED — March 24, 2010 @ 4:35 am
Vancouver Wa Real Estate
did you sign a buyer brokers agreement with first agent? if so then yes you owe them a fee
why did you call another agent?
Comment by jeanniep — March 26, 2010 @ 9:21 am