Exclusive Buyer Agent Puns

Other info - I met with an exclusive buyer's agent but didn't think it made sense to get locked into such a strict contract at this point, and with this market I think this is going to take time to find a home. I know I can interview agents and don't *have* to exclusively use one, but I am open to an agreement if I find someone I think can represent my needs and offers value. I'm fine with doing a lot of legwork and research, I just want to be prepared for my first interactions with agents as I start to visit homes. Any advice or helpful hints are welcome!

I'm in the Orange County, California area looking to buy a townhouse with the wife (first house purchase). I've met and spoken to a few agents who have all mentioned or presented a exclusive buyer authorization to locate property form and wont go any further until one is signed. I took one home to my dad to see, and he spoke with a realtor he knows and he said it was a 'bad idea, never used one of them in 40 years' kind of talk.

As I understand, the contract is just simply me agreeing to pay them their 3% if the seller wont, which probably isn't going to happen in this market, right? Or is this some nefarious plot put onto paper that I can't spot?

Help me understand if this is how things are done, or if this is a bad idea.

Edit:

I've uploaded a copy of the agreement. They filled in the date, I would only do 60 days for now, and it can always be reupped.

I hadn’t met her and she’d maybe put in 1-2 hours of various emails and conversations with me and my lender. I was suggested to see another realtor which I set up. I felt compelled to be transparent and told her I’d set up meeting with a realtor to just figure out if I had a preference...market research and shopping around. Nothing surprising or offensive there.

She got off the phone and sounded in fine spirits. I then sent her a house I was interested in seeing (at this point we’d never done a single walk through together) and she responded in a text that she would email a Buyer Service Agreement, essentially locking in exclusive representation. I proceeded to meet and show two houses with the other realtor. At first I sensed there could maybe be friction but ultimately she was knowledgeable and very, very efficient in pointing out red flags to me, as a newbie.

So, with the original agent and I set up a Skype call to “get-to-know you” which made me really like her. She seemed to have an energy that I liked! And I feel stupid for feeling pressure so early, despite knowing it was quite normal to show multiple homes (even in COVID) to people who may end up being your client but ultimately, could be a loss. So because I felt this FaceTime “compatibility” I texted her that that I really liked working with her and I was going to “choose” her as my “exclusive agent.”

Long story short, we saw our first round of houses today and we were like oil and water. I couldn’t stand her lack of guidance or appeal and she seemed very irritated and dodgy of my many questions. Could this text backfire on me?Are realtors burned enough to invest the time and money to pursue something like this as a contractual agreement? Would it even stand in court? Should i not even think twice before bailing on her and finding someone else – like the other more knowledgeable and informative agent who was very helpful, but I took for granted?

Looking into buying a house. It looks like the agent wants to enter into a exclusive agency relationship agreement for 6 months. Its unclear in the agreement but it seems like me the buyer would pay 3% of purchase price. Checkout the part of the contract https://imgur.com/HQaZzjy

My FBSO house is under contract and scheduled to close this Friday. The buyers agent is asking me to sign an exclusive listing and right to sell covering today until week after scheduled closing with a listing commission. We already have separate commission agreement for buyers agent commission.

Is there any legal requirement to sign this, and is this normal? Intuition is absolutely not, but wanted to double check.

UPDATE: I called the agent out on this. It is very clear from the agreement that if I were to sign they would be entitled to double commission. The agent "checked with his broker" and the response today is that they will no longer require me to sign the listing agreement.

There is a financial service which caters to lower income people - no closing fees, low interest rate, all around a pretty good deal. I am not lower income so their program requires me to purchase in a lower-income neighborhood.

In keeping this as short as possible, their RE agent is extremely sleazy, beyond what I describe below. I'd rather not use this agent but I understand I must if I get financing through them. Issue is, if I buy in a neighborhood that isn't lower income, I won't be able to get financing through them. Given this, I absolutely don't want to do any business with this sleazy RE salesperson if I don't have to.

The RE salesperson is refusing to assist me, such as which areas qualify for lower income, unless I sign an exclusive buyer's agreement with them.

This intransigence has effectively prevented me from using the program. What's interesting is while the agent put this policy in an email to me, this is not an official policy. I have lost time and money only to have this made-up policy come up late in the process. The broker-of-record supports this new policy.

Is there anything illegal here?

I have my real estate agent on my security camera discussing many things directly to the buyers of my home, and a handful of inspectors that were there as well.

She stated how appalling it is that my 4 year old still pees when sleeps(room smelled a little like pee, and he had double hydroceles when he was born). How weird it is that my mother in law lives with us(she is disabled and cannot work). And she whispered how our home could easily go for $430k but she's looking out for the buyers(our offer was $395k and we gave a seller's concession of $5k to replace the floors). She said we would not get a better deal and we should sell sell sell and she was jumping for joy when she presented it to us.

Among these she sprinkled in some other rude comments to keep the laughs going. All on video with clear audio. The collective laughing at my 4 year old left a particular sting.

But at the end of it all and after all the very nasty comments, I believe that she does not have my best interest at mind for the sale of my home. I believe that she purposefully mislead us to believe we had a fantastic "deal of the century!!" When in reality the only people she was really looking out for was herself, and one of the two parties she represented. She had no loyalty to us.

We close in 2 weeks, we just pulled our security footage yesterday, we signed back on June 17th which is 10 days past the 5 day legal window.

Do I really have any options but to close and accept? Or can I file a complaint and see if she violated anything in relation to her role as our fiduciary representative?

We reside in Colorado Springs.

Signed the form above and is valid till January. Agent is not responding anymore, so that means I can’t buy a house till January now? Since I signed this exclusive contract? What a joke.

My wife and I are relocating out of state and will be buying our first home. We recently returned from a house-hunting trip, and we're pre-certified and working on getting pre-approved for our mortgage, and I have a question about Buyer's Agents. Is there any reason why I wouldn't want to go with an exclusive Buyer's Agent rather than someone who sells and buys?

It seems to be clear-cut to me, but none of my friends / family members have used them to buy homes, so if anyone has any insight, I'd appreciate it. Thank you!

https://blog.remax.ca/the-blind-bidding-debate-in-canadian-real-estate/

>Many real estate agents are ignoring the restriction whereby buyers are not permitted to know the details of other competing offers. Instead, they are choosing to inform buyers what they will need to secure a property. For example, if prospects are visiting a home for sale that is going for $910,000, some realtors inform them that six bids are topping $1 million.
>
>Others have become concerned that this strategy has become the dominant method of buying homes in Canada’s most populous housing markets. As a result, some are pushing for changes to system through tighter regulations, reaching out to the Real Estate Council Of Ontario (RECO), Office of the Superintendent of Financial Institutions (OSFI), and even the Ministry of Finance.

I am a broker and my career has picked up considerably in the past year and a half. I have a lot of listings. I often spend a lot of time fruitlessly working as a buyers agent, for a client who ends up not buying. These clients are likely buyers, someday... I think I am at the point in my career where I can make the transition to exclusively a listing agent, but, i have a lot of buyers already in my crm, who i've built rapport with and moving on to this next stage I am unsure what exactly to do with them. With all of the uncertainty of our times, im hesitating giving 100+ buyers in my crm away, and plus, they will be sellers some day. Could really use some advice as i'm conflicted.

I’m selling my home and today my agent told me they’re also representing several buyers, including the one who made the best offer.

Is this common and what should I be mindful of?

Edit: thanks everyone for all the perspectives offered. I’m not sure I’m clear on what to do next yet but there’s a lot of approaches presented here for me to consider, really appreciate it.

I was given a real estate agent's contact from a colleague. I had a few email exchanges with her and she agreed to meet with me and view a new construction property to see what the price out would be. She sent over a document for me to sign in order to have exclusive rights as my agent.

I understand why agents do this; they want to make sure they get compensated for the time and effort in the housing search when purchased. However, the current terms are 90 days for this commitment. Thats a lot to sign onto without being meeting the agent in person and getting a feel for them. Is this typically negotiated? There is the ability to terminate the contract, but will need 14 days notice.

There were one term that seemed odd to me.

• I can't attend an open house or new home model without the agent present

The homes I have been eyeing are a short distance from me. Some walkable. This seems like an unneeded constraint as I can easily check these homes without having to schedule something with an agent in advanced.

Luckily theres no compensation from me to the agent if a sale doesn't happens, but 2 weeks notice seems like a long time to wait before moving forward with another agent. The new lots tend to sell out quickly.

Wouldn't anyway sign this agreement or work with this agent? Any suggestions on how to alter the terms?

Weird question... But I'm considering buying a neighbour's investment property that he currently has listed. The problem is he is a very unfriendly neighbour who I have a bad relationship with, and I expect he'd either reject my offers outright or at minimum jack the price if he knows it is me.

If I go through a buyer's agent, when does he find out I'm the buyer? I don't give a shit about him finding out once contracts are signed, I just don't want trouble before it's finalised.

My wife and I found a condo we liked and did not have a buyer’s agent. We initially liked the listing agent and wanted to explore her becoming a transactional broker for us in the process.

I recognize that this decision has some debate surrounding it, but I’m not looking to go there in this post.

My specific question is in regards to the exclusive right to buy contract she sent over with the rough draft of the purchase agreement. It had the box buyer’s agent checked instead of “transaction broker.” She then explained that this was done so we could work together in the future if this deal fell through, and we’re okay with that...

However, I’m wondering why she seems bullish on getting us to become her buyer other than the fact she’s securing new business? Is there something I’m missing? It seems to me that if she will by default become the transaction broker representing both sides, then it shouldn’t matter if she’s our buyer agent or not on this form.

Also, the commission had a range of 2.8-6% where we are responsible to cover the 2.8 if the seller doesn’t, but she’s assured us that this seller is willing to cover that amount and I can see that on the mls listing. Is a range like this normal? What questions should I ask?

Thank you in advance for the advice.

Edit: Colorado

Edit 2: thanks for all the responses, we were able to change the contract to read that she represents us as a buyer’s agent for only a few months rather than 6, so it will likely cover only this deal. Since she is also the listing agent she immediately becomes a transactional broker because now she represents buyer and seller. I get that some people don’t love this style, but we’re monitoring the situation closely and truly believe she’s working hard for us and explaining our rationale effectively to the sellers to push this across the line (obviously for the extra commission).

EDIT: so the buyers just contacted my parents asking to be released from the purchase agreement. The sale was supposed to be July 1st...we knew it would be delayed because of the buyer's agent stupidity, but this is infuriating.

Question: Is the below illegal/unethical that can/should be reported to a real estate board?

----

So my parents are in the process of selling their home (we think...). Unfortunately the buyer's agent, has in my mind been beyond ridiculous. My parents own a small piece of beach property that is unassociated with their home that was NEVER part of the sale, even stated clearly on all paperwork and yet the buyer's agent tried to slip it into the sales agreement during negotiations - caught by my father as he reads everything. That's unprofessional, but not illegal of course.

So, everything gets agreed upon, but while the buyers were waiting on their appraisal the buyer's agent called and talked with all of the local appraisers (rural area, so only 2). Due to those conversations the appraisers both refused to do the job. Then a third individual who had to come from an outside area came and the buyer's agent pushed him to increase his final numbers so he also then declined to finalize his report and complete the job. So, now a fourth has been involved and his appraisal is even lower, which has led the buyers to request a decrease in price that is just over 10% of the agreed sale price. Now, there is a quirk, knowing the house would not appraise for full agreed sale price (multiple reasons and weird, but not uncommon in the area) the sellers had agreed to cover the difference between the appraisal and sale price - again, a somewhat common thing in the area.

So, with all of this, is there any legal recourse my parents can take against this real estate agent, or at minimum is there anyone to report her to for this abhorrent behavior, in talking with appraisers to try to influence them?

Based in QC.

Basically, I put in a bid on a house using my agent. I didn't get it, and I moved on to another house. I learned this week that the winning bid was placed by the same duo of agents I used (2 agents, who claim to work as a team and advertise together), and no one had cared to notify me of the conflict of interest. When I confronted my agent, she claimed there was no issue as technically her partner was the agent of the winning bid, but I feel uneasy as they pitted their clients against one another.

First of all, isn't this some sort of ethical violation? My offer was not competitive, but I figure my agent pressured me into submitting it to put pressure on the other buyer who was competitive (there were only 3 offers on the home). It's also possible that the information regarding both clients' respective bids were communicated.

Second, if this is some sort of ethical violation, what recourse do I have?

Update: I filed a complaint with the OACIQ, and will be contacting the other buyer to inform them of the issue once I figure out who it is.

I'm buying a home for the first time for investment purposes. I used an agent as I'm still pretty green and she sent me a very one-sided agreement that she claims is industry standard in North Carolina. It says that if the seller does not pay 3% on the sale, then we will cover the difference. It says that we pay lawyer fees for them if they prevail in court yet they don't pay our lawyer fees if we prevail in court. We are not allowed to pay for an inspection on the home unless it's through them. It's just full of things that increase our liability. All the agent did was open the door and show us around. We're not keen on increasing our legal responsibilities for that service. Is this just "the way it works" for people who want to buy a home? How else am I supposed to see the home if not through an agent? The seller's agent contact info is not shown online.

Background: We are selling our home. Before we listed it, our Realtor told us we would have absolutely no problems selling it and she was pricing it a bit low (based on comps) in order to encourage multiple, above asking offers. On first weekend, we had a dismal 2 showings. After 1 week on market, Realtor told us to lower the price $25k...we agreed to $15k reduction. We had 1 more showing after that reduction.

We also got one offer the same day that our Realtor suggested we reduce the price. It was from another Realtor in our Realtor's brokerage, and the offer was for the $25k under original list price. It's almost like out R talked to this R and told her what she had suggested to us.

Anyway, to get to the point of all of this, this offer was from a Realtor who is buying the home for herself. She offered us $10k under the reduced list price AND is not waving her commission. Everyone who I have spoken with (outside the real estate world) thinks it is unethical for an agent who is also the buyer to take a commission from the sale, especially if they are giving you a lowball offer on top of it. It's like paying her to buy our house.

In every other profession, if someone does work for themselves, the work done IS the compensation, since they are not having to pay someone else to do it. A doctor can't treat themselves of an ailment and then bill insurance to get paid for that treatment.

Real estate seems to have a loophole because agents on the buying side standardly get paid by the seller. This has always confused me because they are serving the interests of the buyer more than the seller ergo the buyer should be paying them. (Even as a buyer I always thought it was odd.)

Can someone explain to me how this is not unethical? I'm really chapped about it.

Posted this an hour or so ago but for some reason it was deleted. I recently used an exclusive buyer's agent to purchase a condo. I have been mostly happy with the agent with the exception of some unreturned calls/messages around the time of closing and being told to wait for a call to schedule the closing that didn't materialize which resulted in a delay and some subsequent finger pointing between the title company and the agent. Although these issues were frustrating, I have kept a level head and have been patiently waiting for this transaction to work its way through the process.

Now that deal has closed the buyer's agent has sent an invoice and I am experiencing some sticker shock. The buyer's agent charges 10 percent of the price saved off the listing price, but the price dropped by about 30 percent before I decided to make an offer. The offer that was accepted was about another 25 percent lower than the price after the initial reduction that caught my attention and caused me to make the offer. Based on the buyer's agent's invoice, he is including the total difference (about 50 percent) as "negotiated savings". When I reviewed his contract it says his fee is 10 percent of the amount saved from the listing price, but when asked (and according to the invoice) he bases that on the listing price at the time of showing.

Am I out of my mind or does this seem disingenuous? Is there any industry standard or precedent for this? Although I can pay I feel like I have been duped, and certainly wouldn't recommend using this arrangement to prospective buyers if the agent can take credit for "negotiating" drops in price prior to any offer being made.

Any advice or information would be greatly appreciated!

UPDATE: Thanks for all the responses. I would be lying if I said I didn't feel like an idoit for entering into this type of agreement, but I have contacted a real estate lawyer and he is reviewing the contract, invoce, and coorespondence. His initial response is that if the buyer's agent didn't actually perform any negotiation, then I'm not on the hook for that part of the invoice. Should know more soon.

UPDATE 2: Lawyer has reviewed contract and invoice, agrees that there is no question that the "list price" should be interpreted as the price at time of the offer as opposed to the time of showing.

UPDATE 3: Buyer's agent left me a voice mail message today (2/27) agreeing to accept the lower amount that I calculated (and the lawyer agreed with.) It was a fair

So we are in the process of looking at buying a home and are first time home buyers. We are feeling completely exhausted and that we are doing most the work. We find the houses, we research the area, our realtor opens the door, then when we like a house we have to determine what to bid and we just feel completely stupid and lost. We ask questions of our realtor and the responses we get are usually “It’s a crazy market, just waky and nothing is predictable, just go with the highest and best number you feel comfortable spending”. Shouldn’t a realtor know like rough idea what a house is worth? Or that our bid is going to be blown out of the water? Or that the offer we are throwing out there the house won’t appraise at? We just feel like we are not sure what we are allowed to ask of him? Is he really just paid 2.5-3% of the sale price of the home just to open doors? We understand it’s a sellers market but we don’t want to make stupid costly choices.

We are also now looking at new construction and we were basically told “Go tour the parade of homes, find what you like and we can go from there”. Is it really supposed to be the buyer doing everything?

So we found out we lost out on a house where we suspect our bid was passed along to the buyer, which we thought wasnt allowed?

Our real estate agent has found out the other agent was representing both the buyer and the seller.

While that agent was allowed to pass along our bid to the seller to agree to it, was that agent allowed to use our bid and pass it along to make his purchaser bid more than us?

So he got the seller more money but still had his purchaser pay more than needed while knowing that price.

Seems kinda unethical to me but I'm not clear on the laws here.

I just found out my buyers have an exclusive agency agreement with another realtor/broker. It expires July 1st and we are set to close the end of May. What can be done to ensure I secure my commission for this deal? I had signed an exclusive agency agreement with them before the other agent that is still in place, does my agreement cancel out the other agents?

I would appreciate feedback here as I would like to save this deal.

Thank you!

I'm just wondering since the buyer's agent gets 2.5% of the purchase price in general. For the seller's agent, selling the property for a higher price is their common interest. However, on the buyer's side, the agent can get more money when his/her client buys the property for a higher price, which is against the buyer's best interest. Is there any systematic proof to discourage the buyer's agent from going for the higher price in order to make more profit?

I currently don't live in Australia, but a job related relocation to Sydney is likely within 2 years. Still debating between renting vs buying. In case it's the latter, I have been thinking about hiring a buyer's agent. Has anyone here had any good or bad experience? Thanks.

Title says it all, does anyone have any good Exclusive Buyer's Agent recommendations (aka they do not also SELL real estate I believe)? We are looking to buy in the Jenison area.

Thank you!

Is it legal for a licensed realtor acting as a Buyer's Agent to charge a flat fee per showing?

In other words instead of taking the usual 3% commission transaction fee, assuming the client(s) agree to this can you charge $50/home you show them and 0% commission? (make those variables anything you want.. $200/home tour and 2% fee, not asking about the business viability or if home buyers would like or hate this concept just curious on the legality of the overall concept)

Thanks!

Real Estate agent here. Submitted an offer for my buyers last week which was accepted, but after acceptance the buyers seem upset and that they over bid the property due to not receiving a counter offer. Has anyone else dealt with this or have advice on how to regain the buyers trust?

We are relocating from Midwest to TX and started seriously looking in January. We initially would call the listing agent directly trying to place an offer and after maybe 3 houses realized we weren't getting anywhere that way. One of the list agents has kept infrequent contact.

At some point we switched from Zillow to Redfin and connected with a Redfin buyers agent when we wanted to offer on a house in early April. We have continued working with her - she is very responsive and has helped us offer on about 10 properties. Typically we find a house and research the neighborhood, schools, hoa, then request the disclosures and CMA info while scheduling a virtual tour. If that all goes well we tell her what we want in the offer, she creates, its signed and submitted. When I ask about certain neighborhoods she doesn't seem to have much info other than what is pulled from her systems. I do really like the ease of scheduling the virtual tours via Redfin.

We lost another house today (the first we have REALLY wanted) and now I'm questioning if we need to be looking for more from a buyers agent? And if so what should we be looking for and how to find?

I am looking to buy a house/condo/townhouse/apartment/etc. I was approved for $130K. In this market, that's not much. So what I want to do is get something as cheap as possible in a neighborhood as nice as possible. I anticipate a housing market "correction", and just need something temporary, and something I could possibly rent out later. A low cost property also depreciates less than a 500K property, I reckon.

through a website, I was matched with an agent. She sends me a daily list of new listings, etc. She showed me four houses. She went on vacation this week and another agent showed me a property last night. We were supposed to look at something today, but he never showed up.

Last week, I put an offer down on a place we looked at in a gated community. It was built in 2010, and is a 600 square ft. apartment built above a garage--a garage for the slightly nicer condos, not my place!

It shares a common entrance with a second apartment--and it has that typical "common entrance smell" of wet carpet, possibly mildew. The apartment was repainted and recarpeted, and, quite frankly, it smells funny. Is it the paint? Is it the carpet? Are they covering something up?

They are advising me to sign after putting down an offer on this 600 square foot property for 110K. I am not sure I want to do this--I want to get a home inspector to check out the apartment.

My question are as follows:

1. Will the home inspector, in addition to the usual stuff, advise me if the owners/flippers used bad/cheap/toxic renovation materials in their renovation? Things like toxic chinese carpet and formaldehyde tainted drywall...Would an experienced home inspector be able to determine if a hose had 12 cats in it, and there was an attempt to cover it up?
2. Does the fact that my max loan is $130K make me a "waste of time" to my realtor? Are they trying to get me to sign something quick so they can get their 3% and not have to spend time showing me properties?

Thank you for your assistance.

I'm looking to buy my first property (for investment) and want some advice regarding the best property to buy for capital growth in Melbourne. For those who have used Buyers Agents/ Real Estate Investing Experts (i.e Positive Real Estate, Alliance Corp, etc.), what were your experiences and do you think they are worth the money?

I'm willing to put in the time to do my own research about property and strategies and have been doing so over the last month but I'm really looking to have someone mentor me in making buying decisions.

A bit about me: 25M, $80-90k salary, $100k savings.

What are the pros and cons.? I've been told that it's a flat rate in UK.

I've dealt with a lot of different buyers agents over the years, but this is a new one with a new trick it seems. Wife and I call up an agent local to a popular cabin region of MN that showed us another cabin a few years ago. We end up liking the cabin she recently showed us and tell her we are likely willing to pay full price. She responds in email later with the disclosures, a Buyers Rep Contract and a "BAC that you will be charged a fee of $495 to Edina Realty to do all the paperwork and hold the files."

I'm like "sorry, but Im not accepting of junk fees during any part of a transaction, and thus far have only had to drag them out of contracts during the three homes I've sold"

She responds " As far as the BAC, this is a fee that is to cover all the costs that we incur here with administration, legal, all around being able to run a business here.  I also pay a percentage of my commission and a fee per transaction to the Broker.  What you get with Edina Realty is during and after the transaction, you will have full support and access to all information. It is confusing also because it says the fee and a percentage and that is not true. I just disclose and am honest about fees instead of hiding and dealing with it later."

Am I am wrong in thinking it would cost me an extra $495 to use this agent vs any of the myriad other agents in the area, most of whom would never ask for this fee and just be happy with their part of the commission??

Seems I need to vet who shows me any given home better now, regardless if one of those homes is 3 hours east of me or 3 hours NW of me. I am simply choosing agents that are local to an area and can show me any given property right away as most of the good ones sell in a day or two.

Hi all!

Hoping to get some advice on understanding what we should expect out of a realtor as a first time home buyer. I realize this market is incredibly hostile and we are even less attractive with a VA loan. We’ve missed out on several homes and we are trying to figure out if it’s just we can’t compete against cash offers or if our realtor just doesn’t know how to help us structure an offer to at least have a seat at the table.

What does your realtor do for you? From finding listings, to showings, to offering advice on offers and price points, to being accessible. What does a “good” realtor look like in this market?

I recently sold my vintage condo in Chicago. After the closing, the buyer apparently reached out to my agent for my contact information, and my agent gave it to him. It bothered me a bit but I didn't think much of it at the time.

Now the buyer is contacting me daily about various things. At first, they were pretty innocent, questions about things in the unit, where the appliances were purchased, the color of paint in a specific room. Now, a lot of the things he contacts me about are really random and strange. He's gone as far as demanding we pay for things that have gone wrong since he moved in (a ceiling fan light doesn't work apparently), like we are some kind of home warranty service. I've stopped responding but he just doesn't give up.

Is it common practice for an agent to share contact information like that?

Hello all -

My mom passed last year and I am currently selling her home. Noone is currently living there and it's mostly empty with all remaining possessions stored in the garage.

I go to the property weekly to keep an eye on things. Over the past few months, I've found doors unlocked and damage that's occurred since it's been listed.

I finally got an offer that I was willing to accept. I signed a contract accepting the offer as did the potential buyers.

The agent informed me that the buyers, their parents, an inspector and a contractor would be at the property this past Saturday. Saturday evening, the agent texts stating the inspector found some evidence of termites and that I would be required to have the property treated before closing. I agree, end of conversation.

On Sunday, I went to check on the property and as I pulled into the driveway I noticed an entire porch column and the attached guttering lying on the porch. I immediately contact the agent asking what happened to which she replied something about it not being attached to the porch. I press her and she says the wind blew it down while they were there on Saturday. Mind you, she never mentioned this to me Saturday evening.

Monday, agent repeatedly texts me asking about scheduling termite treatment. I ask if we can schedule it right before closing as this would allow me time to get the items stored in the garage moved. She tells me that we shouldn't even do it until the appraisal has has been completed (sometime in the next two weeks).

Today the person who takes care of lawn called, asking if I could let him into the backyard. When I get to the property, he is already in the backyard. The front door is open and I walk in to find the potential buyer and another guy in the house. The potential buyer explains that my agent met them there, let them in and then left because she had to show another home.

This really upset me. I confront the agent asking if it is normal practice to let a potential buyer have access to a home unsupervised. She told me that her coworker let them in but she was there now - contradicting what the buyer told me. I explain to her that this really upset me, not to mention made me uncomfortable and it seemed like a conflict of interest. She proceeded to tell me that the buyer was with a qualified contractor therefore it was permissable.

I'll be honest, I am out of my element with all of this. In addition, I know I have an emotional attachment to this home because it

Hi. I'm looking to buy in the Upper Fells point, patterson park area. Can anyone recommend a realtor they worked with to buy a home recently?.

Even if you contact the seller agent directly, they will force you to go through 'their agent' who will collect an additional fee from the seller by listing them as a buyer's agent.

Agents might refuse to submit your bid to seller if you don't up it by ATLEAST 20-40 percent.
They will tell you that there are multiple offers right now.
I personally have received atleast a few calls where the accepted offer magically disappeared two days after being told that our offer was too low and now they want us in lol.

Always make sure that your offer is subject to inspection.

Do not fall for the shenanigans, just move on to next property if you feel you are being ripped off.

While market is HOT; there are a number of really nice properties mainly around outskirts going below the listing price.

Prospective FTHB here. So last night I read the standard form contract that you sign when retaining an agent to represent you as buyer. The form we were given listed a fee of 2.5% + HST, which I guess is standard in Toronto (perhaps elsewhere also).

Although colloquially we refer to the seller’s obligation to pay the buyer’s agent’s commission, according to the contract, it is actually the buyer’s obligation!

Unless, of course, the seller has agreed to pay the buyer’s agent’s fee, which I guess is standard given the commonplace understanding that the buying party doesn’t pay agent fees.

The agent proposed a three-month contract, with another two-month overhang, so basically five months where we would owe them a fee if we bought real estate anywhere in Toronto regardless of how we learned about the house.

Ever heard of a buyer having to pay the agent’s fee? I assume this would be a pretty rare occurrence.

>Three years ago, a man who'd signed a contract to buy Mike Armstrong's rustic cabins on B.C.'s Lake Errock suddenly dropped off the map. The closing date came and went, but the buyer stopped responding to any messages from his real estate agent.
>
>Defaulting on the agreement of purchase and sale meant the buyer forfeited a total of $70,000 in deposits. 
>
>Armstrong says he and his wife hoped to relist the two properties with the same brokerage. Instead, they were served last spring with a lawsuit, demanding commission of $70,875 plus interest for the aborted sale.

Article notes that the brokerage (Century 21 Seaside Realty in White Rock) represented both seller and buyer:

>These documents show the Armstrongs had signed a limited dual agency agreement to allow the brokerage to represent both the buyer and the seller in this deal.

Full Article here

EDIT: Added brokerage name

I'll be buying with cash.

I had a rec from a family friend, but the agent never returned my emails. Probably because I'll be at the lower end of the market, although the amount I have to spend is reasonable even for that crazy area, and with cash, it shouldn't be too hard work.

Realtors can agreed that is a tough market. However, I never have had a buyer's agent reach out to my seller via phone and negotiate an extension. Clients contract expired and my seller wanted to raise the price of the home. The buyers agent didn't like that option and call the seller (seller confirm what I told the agent) I have an exclusive right to list - Florida. Any agents have experience this before? Thanks in advance!

Updated: Buyers broker. Text me. I have a purpose to make people pay for taking advantage of other people. - Broker doesn't agreed that my seller is requesting more money for the extension.