I hope everyone is having a good weekend. I can't wait for some fall weather to move in. I recently closed a rather difficult deal on a modestly priced house. In the end the listing agent never fully read the purchase agreement to the seller. Seems the seller removed items that were in the agreement. When this was brought up before the closing the agent hadn't even realized this. To make a long story short, the agents (myself and you know who) agreed to escrow some funds. The seller was to return the items and the money would be released to us later. Well the seller never returned the items to say the least. I finally decided to release my half to the buyer after a month. The listing agent wouldn't return phone calls from the closing attorney or myself. I even had the buyer give it a try. Finally he called the managing broker who took about a week to return his call. She told him that since I didn't put a date on the addendum this could go on forever. My buyer promptly told her what he thought of the agent and what she said. She still held her ground. She did agree to have the money released to him.
Anyway I realize I will date all of these forms next time. I figured this agent would be reasonable but I guess not. To have the managing broker bring this up is a joke. I bet if she was the buyer she would have screamed her head off by now. The real problem was the listing agent not carefully examining the purchase agreement from the start.
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