791,606
Sounds like one for the broker to sort out.
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Bob Crane
Stevens Point, WI
6,689,876
Sounds like your broker will have to referee this one since both agreements are with the broker, not the agents.
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Bob Crane
Stevens Point, WI
613,494
The buyer rep agreement belongs to the Broker of the office, not either agent...no differently than any "listing" agreement.
Either the buyer did not truly understand what they were signing or maybe they were not happy with the results and decided to try someone else.
Either way...it is unrealistic to think that you and the other agent can work as a "team"...that would be a nightmare.
I would let the other agent have the buyer and take a referral fee, for giving up the buyer.
Eve
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Michael Setunsky
Woodbridge, VA
212,810
In my state if your client buys a home you have showed him before the new agreement was signed, you have a right to that commission since your buyer agreement predates the other one. If he buys a home you have not already shown him before the new agreement you are not owned a commission. This is assuming of course it is the buyers rep agreement and not the exclusive buyers rep agreement.
Id talk to your broker and the other person about it.
5,774,100
Yikes, this has not happened to us. I agree with John McCormack . Clearly the buyer did not understand what they were signing. And I like Susan Emo's answer.
If I was in the situation, I would go on, and let the other agent have this person. For me, I would rather go on and work with someone else, I smell major trouble. A
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John McCormack, CRS
Albuquerque, NM
1,677,946
Yikes! I've never had this happen. I'd like to hear the outcome.
There's a blog in this you know.
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John McCormack, CRS
Albuquerque, NM
1,472,185
This happened to me once and my former broker split the commission between us.
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Susan Emo
Kingston, ON
699,277
I'm not an attorney but i do believe the one with the earliest date, wins. Don't you have a broker?
1,466,257
Daniel Hayes All agreements are made with the client and broker, and not with the agent. You need to speak with your broker to sort it out.
5,116,842
26,764
I would say the buyer did not understand the agreement. I would have the broker intervene and find a solution for the two agents
485,692
I do not really give these agreements much weight, and only ask my clients to sign one as we are writing an offer for a property.
The person who signs that "Exclusive Representation Agreement," can always claim the the agent did not meet their obligations, and vitiate it anyway.
That is my sense anyway, much to the chagrin of our broker in charge.
1,153,799
You should arrange a meeting between the "other" agent, you and your broker to iron this out. One, two or all of you will get an education from this.
443,220
My thoughts are to disccuss this with your broker. Perhaps the broker can arange something....
292,685
I think the buyer needs to choose which agent they want to work with or have both agents work as a team and split the commission
231,279
i am not sure the legal ramifications, depeneds on the wording, i suspect they werent aware, but....i would find another fish to fry