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Backing out of Redfin Buyer Agent Agreement

Hi,

About 3 months ago I entered in agreement with a Redfin buyer agent to help me search for a home. I signed an exclusive buyer agent agreement to get the .25% rebate or whatever they offered. Only reason being, because at the time sellers paid for agents fees on the MLS so it didn’t really matter who represented me.

Flash forward to today that is no longer the case. If a seller refuses to pay a buyer’s agents fee I can be on the hook for payment at the time of sale. The fee they charge is around 3% of home price, which when factoring in all other costs is pretty steep. I was wondering if it’d be possible to back out of this buyers agreement and go on to purchase a home without repercussions or need to pay them. Has anyone dealt with this recently?

submitted by /u/Accomplished-Lie5794
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1ez63mr/backing_out_of_redfin_buyer_agent_agreement/
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