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From: "Tim Nelson"
Newsgroups: misc.consumers.house
Subject: Exclusive Right to Represent Buyer - Help!
Date: Mon, 1 Mar 2004 11:14:33 -0500
Organization: KDT and customers
Message-ID: <4043616a$1@news.sdt.net>
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My wife and I found a lot in CT where a builder was building a house
last fall. We talked to the listing agent and brought our own
agent (my wife's friend of many years) up to help us negotiate
with us. She had us sign a Exclusive Right to Represent Buyer
Agreement. The builder took our design (different than the
one he had designed) and gave us a price. The price was much
more than we wanted to spend and we got cold feet and called
off the deal. Right after that the builder took it off the market.
Now it's Spring and my wife loves the location and wanted to approach
the builder again. I called the builder and he was planning to develop
something later this year but would work with us if we are interested.
I didn't come out and ask him but I think (since he is not listing it) he
won't
have a realtor involved. We never kept the agreement we signed with
our realtor so we don't know whether she has any right to compensation
since she was involved earlier. She is our friend and I don't want to stiff
her, but if the builder isn't using an agent... can she expect compensation?
Thanks for any advice. Tim
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