4,572,067
"One" can do a lot of things but there may be consequences.
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Debe Maxwell, CRS
Charlotte, NC
-
Peter Testa
Danbury, CT
-
Barbara Todaro
Franklin, MA
-
Bruce Walter
West Lafayette, IN
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Nina Hollander, Broker
Charlotte, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Pete Xavier
Pacific Palisades, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Candice A. Donofrio
Fort Mohave, AZ
1,052,186
Depends on the terms of your agreement. You may ask the broker to release you.
You may have to wait until time runs out.
Why do you not want to honor your agreement?
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Debe Maxwell, CRS
Charlotte, NC
-
Gloria Valvasori, Accr...
Mississauga, ON
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Pete Xavier
Pacific Palisades, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Michael Jacobs
Pasadena, CA
2,684,009
Any contract can be broken. Ask the broker to let you out. If they refuse, see an attorney.
Caveat: most so-called "Buyer Broker Agreements" protect the BROKER, not the CONSUMER. The Florida Association of Realtor contracts are a case in point: they offer NO fiduciary relationship, unless a box is checked.
Consumers should see attorneys before signing any contract of any kind (seller/listing or buyer broker), unless that consumer totally understands what he/she is agreeing to.
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Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Michael Jacobs
Pasadena, CA
2,178,553
I'm retired from active sales but here is my opinion:
Personally, if I had a client that wanted to break a contract with me I would do it in a heartbeat. I don't want to work with someone that doesn't want to be working with me. This would just make it uncomfortable for everyone. Let the person move on if they want to... so I can move on too.
My best suggestion is... ASK.
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Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
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Michael Jacobs
Pasadena, CA
-
Susan Haughton
Alexandria, VA
-
Nina Hollander, Broker
Charlotte, NC
3,345,091
What are the terms of the broker agreement? What does it say?
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
-
Candice A. Donofrio
Fort Mohave, AZ
2,061,744
You have to read your contract to see what the rules are regarding cancellation.
Normally, "no". Most agencies will not simply let you out to go list with a different agency without some consequences.
Good luck.
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
-
Pete Xavier
Pacific Palisades, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Kathleen Daniels, Prob...
San Jose, CA
3,988,007
It is a contract and binding but contracts can be voided by mutual agreement. Just ask.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
2,781,153
The general rule of life: All things are negotiable....go from there
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Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
7,835,407
Follow the terms of the agreement.
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Debe Maxwell, CRS
Charlotte, NC
-
Peter Testa
Danbury, CT
-
Michael Jacobs
Pasadena, CA
2,436,099
Most buyer-broker agreements include verbiage that defines how both parties can cancel the agreement.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
6,393,154
Best to ask your broker and attny for legal questions, but I suspect that as long as all parties agree it would be fine.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,772,575
It depends on the contract.
If someone did not want to work with us, we let them go. No point in giving ourselves a headache. A
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Pete Xavier
Pacific Palisades, CA
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
1,466,207
You can always undo a contract if all parties agree to dissolve the relationship.
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Pete Xavier
Pacific Palisades, CA
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Michael Jacobs
Pasadena, CA
901,524
It may depend on the area you're in and what the agreement says. The best thing is to speak with the agent you signed the agreement with. If you don't get clear answers, you can speak with their broker. In most cases, if you're already viewing homes with this agent and you purchase one of those homes, they're due compensation. I'd also suggest you consider why you want to change agents. Are they a capable agent who can represent your needs well?
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,216,381
Read the contract. Usually they are exclusive for a set period of time. Can you cancel it, not unilaterally!
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
1,027,602
Whether you are a consumer asking to be let out of a BBA or an agent who is moving to another brokerage, but the answer is the same in both cases: the answer you are seeking should be clearly spelled out in either the IC contract or the BBA.
As my first managing broker ussed to say repeatedly: read the contract.
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
577,750
Not unless the Broker of Record agrees to release them from the contract.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
921,504
From your question and your covert action I can not tell if you are a citizen seeking to end a Exclusive Buyer Agreement or if you are an agent with a buyer client wanting to jump ship and take this client with them.
If I get it right, you are an agent (after all you are on AR)have a buyer who signed the the Exclusive Buyer Agreement.
Now you, an agent, wants to change brokerages.
The Exclusive Buyer agreement has verbiage directing the buyer how to terminate the agreement.
Jumping to another brokerage is not so easy.
Read the agent/broker contract to see what has been specified in the termination section.
If the broker has 'invested' assets in you or you have closed transactions OR you have used shared resources like the broker or franchise CRM, you need to plan your exit carefully.
Don't show your cards until you KNOW exactly what you must do and how the broker can prevent you from doing anything. The existing broker can put you out of business for an undetermined amount of time depending on how entrenched you have become.
The existing broker MUST release you before you can join another. That release can take months and involves all the details you can not see in the agent/broker contract. If you have closed any transactions, those details will include a deep review every transaction. And that is when the broker oversight becomes real as compared to 'non-existant' when you were one of the flock.
Plan carefully.
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
5,104,931
You can always ask to be released. No guarantee that you would be. Then again, if the agreement is with a brokerage visible in the community I don't know why they wouldn't release you... why would they want to be known as holding buyers hostage?
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Peter Testa
Danbury, CT
-
Michael Jacobs
Pasadena, CA
2,182,502
Is the original Agent providing any recent services ?
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Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
556,536
If the agent is not performing the duties spelled out in the agreement then the agent has already broken the contract and you can move on to another agent.
If the agent told you they could not help you until you signed the agreement then you might be able to move on, but you should have it checked out with a local attorney.
If the agent made you sign the agreement in order to view the agents listing then you can probably get out of it as there is a conflict of interest.
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Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,229,945
It all depends upon the terms of the agreement. Good luck!
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Peter Testa
Danbury, CT
-
Michael Jacobs
Pasadena, CA
4,319,419
Check with the attorney.
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Michael Jacobs
Pasadena, CA
-
Praful Thakkar
Andover, MA
4,160,356
758,035
One should try to undo it before entering into a 2nd buyer agreement or one might owe TWO commissions to TWO buyer's agents. Contact the Broker & have a conversation with him about why you want to break the agreement.
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Debe Maxwell, CRS
Charlotte, NC
5,583,278
"undo a contract"..... that contract belongs to the broker/owner.... you're an agent for the office...and that's why your negative acts are binding on the broker/owner.... it's his call as to whether he releases that contract ....
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Debe Maxwell, CRS
Charlotte, NC
509,449
I've had a buyer who signed the buyer represtation agreement with 2 agencies AND looking in the same area. I always ask whether buyer is working with another agent and sadly, sometimes people lie.
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Debe Maxwell, CRS
Charlotte, NC
1,502,998
Depends on what the contract says. I'll defer to people with more experience with them as I don't use them.
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Michael Jacobs
Pasadena, CA
900,128
The buyer "belongs" to the brokerage. You'd have to cancel contract with the buyer's consent and then sign another one when you're at the new brokerage. Check your local regs plus what's in your independent contractor contract as to how clients are to be handled in case of separation.
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Michael Jacobs
Pasadena, CA
4,800,082
With the consent of the first broker they can.
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Michael Jacobs
Pasadena, CA
4,882,355
Either party can terminate an agency relationship; however like Michael Jacobs there may be consequences.
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Michael Jacobs
Pasadena, CA
1,712,676
3,071,489
It's wise to address this in your ICA with your brokerage so there is no question should you move brokerages...
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Michael Jacobs
Pasadena, CA
628,764
Read the termination clause in the contract on your Buyer agent agreement
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Michael Jacobs
Pasadena, CA
4,434,127
2,071,025
1,598,452
5,868,472
4,272,548
3,986,258
1,239,801