Can I change real estate agent after making an offer on a house?


If you are reading this, you are probably in deep trouble. Maybe you, not your real estate agent, have found your dream home in an online ad. And in this bustling real estate market, you’ve asked your agent to make the offer for you.

But maybe the relationship with your agent isn’t freezing, whether it’s due to a lack of trust, unanswered texts, or a personality clash.

While you can see the light at the end of the home buying tunnel, you still feel unsettled and want to change agents to close the deal. Is changing real estate agent even possible in the home stretch? In short, sometimes. Here are the crucial factors that you need to know about the process before you make up your mind.

Can you change buyer’s agent after making an offer?

“There is no one-size-fits-all answer to the question. The devil is really in the details of any possible change, ”says Steven goldschmidt, broker and sales manager for Warburg Realty in New York.

Laws vary from state to state, but in general buyers have the right to be represented and can change agents if they are not satisfied with the service.

But the timing of the change can be a problem, especially when it comes to determining who is entitled to the commission fee. For example, if your agent has only shown you properties without making an offer, you can usually switch brokers without the original broker charging a commission.

“On the other hand, if the original broker went so far as to make an offer on a property, the buyer would have a hard time making a change by that late date,” adds Goldschmidt. “The original broker could claim a commission as the cause of buying the transaction.” (The supply cause means the agent directed the buyer to a home.)

Did you sign a contract?

Another critical piece of the puzzle to consider before changing your buying agent is whether or not you have signed a contract. Real estate contracts vary depending on whether you are a buyer or a seller.

“The situation involving buyers is more nuanced than the situation involving a seller,” explains Goldschmidt. “When sellers are bound by the terms of the SEO deal they signed, buyers don’t always sign deals with an agent. “

But if you signed a buyer’s agency contract, You and your agent have entered into an exclusive working agreement for a period of time, usually six months.

“And you may not be able to end the relationship,” said Nathan Perkins Jr., a Century 21 Envision agent in Upper Marlboro, Maryland. “The agent will always receive the full commission, regardless of the situation, unless you file a complaint with the real estate commission. ”

Provide cause and effect

So even if you are heading towards closing your dream home, it is possible to switch to a new agent who works for an entirely different brokerage or agency. But there remains the thorny question of who gets the commission: the agent who made the offer or the new agent you selected. When does an agent have the right to claim a commission as a cause of pimping?

“If an agent, let’s call him Agent 1, takes a buyer out and shows them several properties, but the buyer is not happy and wants another agent, Agent 2, to submit and negotiate a bid for a close.” successful, the cause of the transaction is agent 2, ”explains Goldschmidt. Typically, an agent must do more than show a property to be considered the cause of the transaction.

In some cases, two buying agents in the same agency work for the same client.

“Changing realtors but staying with the business is possible,” says Perkins. “If that’s the case, the commission would be split between the two agents. “

Breaking up is difficult

While you can change agents, consider whether this is a wise move.

“If the offer is accepted and an agreement moves forward, it could complicate matters by changing the representation of the buyer”, explains Michael J. Franco, a broker at Compass in New York. “A new agent might be very suspicious of joining us if he or she knows all the facts. This could lead to a dispute over who is entitled to the co-broker commission based on who made the sale.

Yes, the primary role of a buying agent is to represent your interests and guide you through the complexities of buying a home. Yet it’s also a professional relationship and we know that relationships require commitment and work from both sides. Truth be told, you could be unwittingly guilty of doing things that officers hate.

Since you’ve made it this far and your agent has already made an offer on your behalf, it may be prudent (albeit awkward) to have a one-on-one before switching agents. It is probably not too late for your agent to validate and address your concerns. If you succeed, you will both walk away with a successful and amicable home buying experience.


About Author

Comments are closed.