We saw an apartment 6-8 months ago, it was huge, in a great area, good layout, but very high maintenance and an absolute wreck. Asking price was much too high factoring in those things, and the agent told us she couldn't figure out the owner, was very frustrated with him, didn't know if he really wanted to sell, etc. We didn't think it was worth bothering with. After being delisted over the... [more]
We saw an apartment 6-8 months ago, it was huge, in a great area, good layout, but very high maintenance and an absolute wreck. Asking price was much too high factoring in those things, and the agent told us she couldn't figure out the owner, was very frustrated with him, didn't know if he really wanted to sell, etc. We didn't think it was worth bothering with.
After being delisted over the summer, the apartment was recently relisted with a different agent and a listing price over 25% lower than the price last winter. We are somewhat tempted. Question is - what's the protocol with respect to the old listing agent? How do the rules work - does she get anything if someone she showed the apartment to ends up buying it many months later after she lost the listng? Should we let her know we're interested at the new price? Or just contact the new agent?
Thanks.
[less]
Response by jim_hones10
over 14 years ago
Posts: 3413
Member since: Jan 2010
you should contact the new listing agent. however, the original agent could have submitted a list of a certain number of potential buyers that the owner would have to pay her a commission on if they came back after the listing agreement expired. if you showed enough interest you might be on that list. they usually have an expiration of course
Ignored comment.
Unhide
Response by Howard35
over 14 years ago
Posts: 122
Member since: Dec 2010
Did you see it during an OH or was it an appointment? This happened to my wife and I once, but we were called by the original broker asking us if we were still interested. We were not, so case closed. In your respect, it doesn't sound like you are under any legal obligation to contact the original broker.
Ignored comment.
Unhide
Response by jim_hones10
over 14 years ago
Posts: 3413
Member since: Jan 2010
no, the op isnt obligated. but that doesnt mean their name wasnt on a list that says if they buy within a certain time period after the exclusive expiration that commission wont be due to the originam listing agent. this isnt their problem, its the new listing agents problem.
Ignored comment.
Unhide
Response by newbuyer99
over 14 years ago
Posts: 1231
Member since: Jul 2008
It was an appointment.
Ignored comment.
Unhide
Response by Brooks2
over 14 years ago
Posts: 2970
Member since: Aug 2011
call the original broker- have her represent. The listed broker represents the buyer,... then they can split it.
Ignored comment.
Unhide
Response by jms8
over 14 years ago
Posts: 110
Member since: Apr 2011
You aren't under any obligation as a buyer, but Brooks2's advice is good.
Ignored comment.
Unhide
Response by Brooks2
over 14 years ago
Posts: 2970
Member since: Aug 2011
call the original broker- have her represent. The listed broker represents the buyer,... then they can split it.
meant the listed broker represents the seller.. call the original broker and have her represent you as a buyer
'/%3e%3c/g%3e%3c/svg%3e)
you should contact the new listing agent. however, the original agent could have submitted a list of a certain number of potential buyers that the owner would have to pay her a commission on if they came back after the listing agreement expired. if you showed enough interest you might be on that list. they usually have an expiration of course
Did you see it during an OH or was it an appointment? This happened to my wife and I once, but we were called by the original broker asking us if we were still interested. We were not, so case closed. In your respect, it doesn't sound like you are under any legal obligation to contact the original broker.
no, the op isnt obligated. but that doesnt mean their name wasnt on a list that says if they buy within a certain time period after the exclusive expiration that commission wont be due to the originam listing agent. this isnt their problem, its the new listing agents problem.
It was an appointment.
call the original broker- have her represent. The listed broker represents the buyer,... then they can split it.
You aren't under any obligation as a buyer, but Brooks2's advice is good.
call the original broker- have her represent. The listed broker represents the buyer,... then they can split it.
meant the listed broker represents the seller.. call the original broker and have her represent you as a buyer