Reasonable people

By
Real Estate Agent with Frank Rubi Real Estate

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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Comments (8)

Ronald Gillis
Southwest Florida Notaries (Mortgage Notary Signing Agent) - Port Charlotte, FL
CNSA Southwest Florida. Notaries, Port Charlotte, 941-7-NOTARY

Fall weather - YES!! Yesterday, I met a man from WI, down here in FL, and boy was he sweating! I was too, but at least having lived in FL for a number of years, I am more used to it then he was!  Come'on winter is even better!  Thank god we do not live up north!!!  Have a great day!

Title companies & mortgage brokers, help your borrowers - arrange to have their loan signed and notarized in their home, at their convenience

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Signature

Sep 09, 2007 03:20 AM
Sean Allen
International Financing Solutions - Fort Myers, FL
International Financing Solutions

It is amzaing how unprofessional some people will act.

Sean Allen

Sep 09, 2007 03:43 AM
Daniel Sundberg
Crystal Springs Real Estate - Kentwood, MI

Wait till Karma gets its revenge,

I just hope that listing agent won't be around here to complain.

Cheers!

Sep 09, 2007 03:46 AM
Frances C. Rokicki
Fran Rokicki Realty, LLC - Bolton, CT
Broker-Mentor,CRS

John,  I am looking at your skill in solving a big problem.  You did an excellent job!  Your Buyer's didn't have to close, since the Seller chose to not follow the signed agreement.  That agent should be very grateful to you.  I am sure your Buyers will remember your care to them.   Always work by the Golden Rule, you never know who will be on the other side of your next transaction.

It's a Good Life!

Fran Rokicki, CRS, Clubnet~Mentor

Sep 09, 2007 04:13 AM
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs
John, do you play tennis? Since real estate has slowed down , I am taking tennis lessons and looking for agents to play doubles while its still warm, lol. Eric
Sep 09, 2007 05:16 AM
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com
I don't think Mr. Neil the closing attorney would play with this broker or seller to long. They have a point about the date but Closing attorney (my understanding) do not want this money sitting in their escrow for very long. The seller's agent was one of those who don't return phone or email and I get the feeling they get it from their broker.
Sep 10, 2007 02:21 AM
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com
John, Eric let try for lunch on Thursday.
Sep 10, 2007 02:23 AM
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs
I can do that , where? when?
Sep 10, 2007 02:28 AM

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