Gorri :
I’ve made an offer on a house, but my real estate agent showed the property to another one of his client and told them the price i offered. Thus allowing them to get the property is there anything i can do about it?
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No, they aren’t able to do that. They are able to say that another offer was put on the house, and give them advice as to what offer can be put on it, but that’s it
Talk to the boss of the real estate agent because if he mentioned your name that is a violation of Better business practice. If the property has been sold then there is really nothing to do about it but to not use that real estate agent or the company he works for.
hell yes! thats like insider trading dude! only this real estate agent most likely got a larger down payment on the house and jacked the other dude for a higher percentage at closing ie. more doe in the agents pocket. see, the other perspective buyer was a sucker for the agent or like silly puddy to him and he jacked em on the percentage for the sale. in a nutshell, the agent screwed you to get sell the house to the person he would be makin more doe from ie. percentage of commission total sale. i would read the fine print on your contract as far as competetive buyers for same property and at what point the agent has too protect your interest when you made a commitment to the property. also, be careful on pulling the plug on the real estate agent or company as they can tie you up on some bullshit clause ie. good faith agreement, breaking contract. make sure you can prove your claim, but your best bet is too contact the state real estate governing board for the state you live in! as each state has a regulatory board that licenses agents/real estate companies etc. its all about the doe, that dude screwed you! so find out from your state board what exactly the buyer disclosure laws are when your agent is showing the same property to another competing client. the key issue should be whether or not the agent KNOWINGLY sold or attempted to sell the property to the jackass so he could get paid. the key is too find out what did the agent do wrong in disclosing to the other dude what you were offering to pay etc. you have to make it clear that you made a comittment to that property etc. most likely this agent read this guy and new he really wanted the property so he threw in a larger commission fee and he could make more off of that dude versus selling it too you. it always comes down to money, but you have to make it clear that the agent knew you made the offer or commitment to purchase same property and ask the governing board in your state if he violated the ethics code/laws in that state by disclosing to the other dude how much you bid on the house. it does get technical and the real estate agent will turn into politician mode speaking out both sides of his mouth to bs you, but play along as you find out what the governing rules/laws are for your state when it comes down to competing buyers. every state is different thats why i cannot give you a definitive answer, thats bullshit though dude. i would call the state in the morning and express the time urgency as this other purchase is going through, if this prick violated laws in your state to line his pocket and you have a legitimate beef, i would go in and raise hell with the owner of the brokerage realty company. but be diplomatic about it at first after your armed with knowledge, once your guns are loaded, unload on those idiots! i really find it too be a breach of your contract too eliminate you as a buyer when theyre suppossed to put you in a property, NOT SCREW YOU AND TELL SOME OTHER DORK WHAT YOUR PAYING AND OUT BID YOU! your agent should be bitch slapped! but hey, real estate folks and insurance folks do not want complaints from the state on thier asses as they hole their licenes through the state, and those agencies can bust their balls, by sending them paperwork ie. questions to answer in relation to your situation etc. they want too remain in good standing ie. compliance with them, so ask the right questions and you can go after them for breach of contract! you can sue and block the sale of the house! a judge can decide! that would hold that commission check up for that prick agent! good luck!
Perhaps you may have a valid complaint but you have not yet provided enough information to determine that.
First – was your offer made in writing with an earnest money deposit? If not, you did not make a valid offer and you have no course of action.
Second, how did you come in contact with “your” agent? Did you stop by a real estate office and retain an agent to show you property? If so then you should have signed an agreement for that agent to represent you as the buyer (a “buyer’s agent”) and that agent would then have a fiduciary responsibility to you and cannot ethically disclose the terms of your offer to another prospective purchaser.
If, however, the agent was sitting in an open house when you met him or her, then that agent represents the seller and has an obligation to the seller to maximize the price obtained.
If you believe that you have a valid course of action, the appropriate steps would be to notify the agent’s broker and the state real estate licensing agency in writing.
Assuming that you made a legal and valid offer on paper, your agent grossly violated real estate ethics and perhaps your state’s laws. Report this agent to his/her managing broker, explaining what was done. You will, however, probably be required to prove that such a price disclosure was actually made.
I don’t know whether you can prove what you say, but the broker/manager of the office where your agent works should be told about this as it is wrong, and the agent should be censured by the state which licenses him/her. If this agent is a Realtor, also file a complaint with the local Board of Realtors.