Location: Tennessee and Mississippi
I recently signed an Exclusive buyers agreement with a real estate agent and shortly after realized he’s not acting in my best interest.
I sent him two emails asking to terminate the agreement with no response. So I texted him asking him to terminate and this was the conversation.
Me : I sent you an email yesterday; sorry but im terminating the exclusive buyers agreement. I think we are going to look in mississippi instead
Him:Ok, didn’t receive email…please resend…
Me: sent again
Him: Did not receive but if I can be of any help to you in future, let me know…
So i assumed based on this conversation we were done. I started working with another real estate agent whom I really like, until Thursday night I got an email from the old agent saying they are upholding the EBA in full force and won’t cancel.
I am now in crunch time as my house is under contract and I need to be out end of August (sold my house) and every negotiation we attempt to make with them he and his broker are refusing and being petty.
My agent offered him 1k of the commission and he said he wants the whole thing for all the work he did. (He let me in to tour 3 houses that I sent him and lined up tours for, he never sent me a single listing or found/sent me any houses I might be interested in. 1000 is complete overkill considering this fact he deserves like 50$ tops) he is being extremely greedy and doesn’t realize that if this doesn’t work I will just not a buy house. He gets 1000$ or he gets 0$ and I’ll pass up on my dream house (was in the middle of offering on it when he sent the email to me telling me he will not cancel the agreement).
Is there anything I can do?
(I can understand wanting a cut/all the commission as im looking at a 500k house; so his commission at 3% +249$ is 15k, but i will just not purchase out of sheer principle)
I’ve already spoken to his broker and that got me nowhere, can anyone please give me some advice on what to do, im worried as i have 3 kids and am running out of time quickly
Side note ; my agent explained what is happening to the sellers agent (dream homes sellers) as we sent our offer but had to rescind and they liked the offer; so the sellers agent is also upset by the behavior of this real estate agent and is trying to help get him to cancel.