Do brokers actually sue buyers for breaching an exclusive buyer agent agreement if the buyer decides to use another broker/agent to purchase a home?
I signed an exclusive buyer listing with an agent for 3 months when I made an offer on a home. Our offer wasn’t accepted and I don’t want to use this agent. Keep in mind I found the listing and just asked the agent to help us with an offer. A month later I’ve found another home I want to make an offer on. Is there any way that broker/agent can find out that I’ve breached the exclusive buyer agent agreement? What’s the likelihood that brokers/agents actually try to seek compensation from the buyer and go through mediation/arbitration?
Side note, if I decide to cancel the agreement, I have to give 30 days notice and I don’t want to raise attention that I’m looking to make an offer on another home with a different agent.
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source https://www.reddit.com/r/RealEstate/comments/1gvjuzb/do_brokers_actually_sue_buyers_for_breaching_an/
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