I am working with a realtor who has showed me a number of homes, and I recently inquired to her about a new construction home. The new construction home is obviously represented by an agent, whom I'd like to work directly with. Th Buyer's agreement I signed is 'Exclusive'. I am obviously wanting to avoid paying additional commissions and doing so likely would want to 'part-ways' with my current realtor.
My agreement states the following: " If Buyer shall, within six (6) months after the termination of this agreement, purchase a property within the area that, during the term of the agreement was (1) brought to the attention of Buyer by the efforts or actions of Firm, or through information secured either indirectly or directly from or through Firm; or (2) a property inquired about to Firm, then Buyer shall pay to Firm the compensation provided for by herein.
This home that we are interested in has not broken ground and likely won't be completed before the month of January. We sent the home to our realtor to drive by the property yesterday to see if they had started building it yet, and they hadn't.
Frankly the realtor we are using hasn't sent us any homes, because we don't need her to (we are looking everyday) and we feel she is too pushy and doesn't provide us much value. If we buy a new construction home, we feel we would be properly represented by the New Construction agent.
My question(s):
- Am I obligated to pay my current realtor commission, if I part ways with her to work directly with the New Construction agent?
- If I am obligated to pay her commission and continue to work with her in this transaction, is it fair for me to ask for a reduction in commissions, given that she has not really done much for us up to this point?
- If she is going to get 3% commission (says that on the MLS for this listing) but is going to give us .5% of her commission toward our closing costs, what is a fair reduction in commission to ask for?
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/i0d949/am_i_stuck_in_my_buyers_agreement/
Comments
Post a Comment