How to pursue my commision legally if my clients bought a house with another or without a realtor?
Hey Evelyn, Great Question! If you provided your client with the Information About Brokerage Services (IABS) form and they signed a buyer representation agreement, start by reviewing the contract for relevant terms...Then, consult your broker to determine the best course of action and whether you may be entitled to a commission. I will also reach out to any listings before showing and have the listing agent send me in writing (email or text message) what they are offering as a commission. I hope...
Hey Evelyn, Great Question! If you provided your client with the Information About Brokerage Services (IABS) form and they signed a buyer representation agreement, start by reviewing the contract for relevant terms...Then, consult your broker to determine the best course of action and whether you may be entitled to a commission. I will also reach out to any listings before showing and have the listing agent send me in writing (email or text message) what they are offering as a commission. I hope this helps!
Hi Evelyn,If you believe that your buyer clients have violated the terms of your Buyer Representation Agreement (BRA), the first step would typically be to consult with your broker and a legal professional to understand your options. Here are some general steps you might take:1. Review Your Contract: First, carefully review your BRA to make sure you understand the terms. It typically states that if the buyer purchases any home during the period covered by the agreement, the buyer's agent is due ...
Hi Evelyn,If you believe that your buyer clients have violated the terms of your Buyer Representation Agreement (BRA), the first step would typically be to consult with your broker and a legal professional to understand your options. Here are some general steps you might take:1. Review Your Contract: First, carefully review your BRA to make sure you understand the terms. It typically states that if the buyer purchases any home during the period covered by the agreement, the buyer's agent is due a commission.2. Gather Evidence: Compile all the evidence you have, including the BRA, any relevant emails or texts, or other forms of communication that show the client agreed to the terms of the agreement. 3. Attempt Resolution: Before taking legal action, you might want to reach out to your clients and discuss the situation. Sometimes, misunderstandings can be resolved without legal action.4. Consult with Your Broker or Legal Advisor: Your broker can be a useful resource in navigating this process. They may have suggestions based on their experiences, and they should be kept informed about any potential legal issues. You should also consult with a legal advisor to understand your options.5. Mediation or Arbitration: Your agreement might specify that disputes will be resolved through mediation or arbitration, rather than litigation. These are less formal processes where a neutral third party helps resolve the dispute.6. Small Claims Court: If the amount is relatively small and it's not resolved through negotiation, you might consider going to small claims court. In Texas, you can sue for up to $10,000 in small claims court.7. Legal Action: If the amount is substantial and it's not resolved through other means, you may need to hire a lawyer and file a lawsuit.Remember that this advice is general in nature, and the specific steps you should take can vary based on the details of your situation. Always consult with a legal professional to understand your options.
if you have a real estate attorney at your brokerage, they may be able to take a look at everything for you and educate you on your options. My understanding is that it just depends on what paperwork you have in place and how much work you did for them. Honestly, depending on how much commission you are trying to recoup, it may be more expensive to pursue than to just leave it alone. A bad review from this client on social media, HAR, google, etc would be far more detrimental sometimes than any ...
if you have a real estate attorney at your brokerage, they may be able to take a look at everything for you and educate you on your options. My understanding is that it just depends on what paperwork you have in place and how much work you did for them. Honestly, depending on how much commission you are trying to recoup, it may be more expensive to pursue than to just leave it alone. A bad review from this client on social media, HAR, google, etc would be far more detrimental sometimes than any commission you could gain from this. Not knowing the details and not being a real estate attorney, its hard to suggest what you should do, but in my experience I have chalked it up as learning experiences to help me never go through that again hopefully