Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate > Real Estate Professionals
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 11-14-2009, 07:13 PM
 
144 posts, read 389,503 times
Reputation: 110

Advertisements

Hi folks,

My wife and I have been looking at buying on and off for a while now. Our attitude was if we see the right house then we'll put in an offer type of thing. Anyway a short sale came up in the exact area we like. I called the listing agent and asked to be show the house telling him we didnt have a realtor and didn't want one but he could act as buyers agent and get both commisions. He was all over this and we saw the house and offered list price. The offer is gone to the bank as it was the only offer made.

Now if we get this house that's great good luck to the realtor. However if we dont get it for whatever reason are we now obliged to use this guy for other properties we may find?? We signed a buyer representaion agreement - non-exclusive. I noticed it specifies the house in section 4 but it also gives a timeline of four months from the date of offer.

Thanks
Reply With Quote Quick reply to this message

 
Old 11-14-2009, 09:33 PM
 
Location: Tempe, Arizona
4,511 posts, read 13,533,886 times
Reputation: 2201
The terms and responsibilities should be spelled out in the agreement. From what you wrote, if it's non-exclusive, then you can work with other agents, other than for this specific house for 4 months. Your agent probably used 4 months since most short sales can take months to resolve. You should also review with your agent to be sure this is correct.
Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Real Estate Professionals
Similar Threads

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top