I signed a contract with a realtor a month ago. He never sent me any houses, I was always sending ones to go see. He’d always turn them down saying they’d never accept 10k below asking because I was looking at some houses in the 5k-10k over budget range to see if we could offer less. He also wanted to discourage us from doing FHA or USDA because they’d “never” pass or sellers would never accept in our budget. I had it with him yesterday when a house popped up that said they review offers based on income(renovated land bank homes) I sent it to him and at first he said that we wouldn’t qualify so I did research and found that we’d qualify. Then he said they’d never accept 10k under. I told him I was done with him. I asked to be released from the contract, he said all I had to do was text or email asking him to release me and it’d be done. He texted me back that it was done but nothing was sent over showing that. Do I need proof that I was released from the contract?
Posted by yadimc
4 Comments
I wonder, is there a standard form for this sort of thing?
My region’s MLS does have a cancellation form that should be signed by the brokerage and sent to all parties clearly acknowledge the release.
This guy should not be an agent. Call his broker and report him, make sure you are released from any contract that you may have signed with him and the next step is to file a complaint with your state’s real estate licensing board.
He does not have the right to turn them down. He can advise you of an offer but has to submit an offer at the price you say. Not really relevant at this point with this agent but for future reference.
I might also recommend looking at his feedback at an introspective level. Why would someone turn down $$?
You would not want him wasting cycles on 5 other buyers who won’t qualify for anything they are interested in when he could be focusing his time on finding the right deal for you.