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Law Pro
Law Pro, Lawyer
Category: Real Estate Law
Satisfied Customers: 24870
Experience:  20 years extensive experience in real estate law, foreclosure, finance, and landlord tenant law.
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How long after an unsuccessful offer am I obligated to use

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How long after an unsuccessful offer am I obligated to use the same broker
Hi! My name is XXXXX XXXXX I'll be the attorney assisting you.

I presume you are the buyer using a broker as a "buyer's broker" - correct?

If so, did you sign a buyer's broker agreement or make a verbal commitment?
Customer: replied 3 years ago.

yes I signed an offer

OK, I think you answered that you signed a buyer's broker agreement.

That being the case - you are bound by the term of the agreement.

However, if the agent hasn't used due diligence or acted promptly or done as it states they should within the buyer broker agreement they would - then you can contact the broker by formal letter (sending it by certified mail, return receipt requested) and ask that they formally consent to termination of the agreement immediately.

You should also state that if they refuse you will contact the office manager and demand that they terminate the agreement effectively immediately or you will file a complaint with the real estate licensing commission and will pursue any and all legal remedies available including but not limited to the filing a breach of contract action against the broker.

That should elicit an immediately consent to terminating the buyer's broker agreement - they don't want a complaint filed with the real estate licensing commission against them.

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Thank you!

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