Comments on: Offer to purchase can be binding http://www.bostonreb.com/2008/05/offer-to-purchase-can-be-binding/ Boston real estate, Boston condos, Boston luxury condos, Boston luxury real estate, Back Bay condos, Back Bay real estate, Back Bay luxury condos, Boston Back Bay condos Mon, 06 Feb 2012 05:38:19 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Seyi http://www.bostonreb.com/2008/05/offer-to-purchase-can-be-binding/comment-page-1/#comment-22620 Seyi Wed, 01 Feb 2012 19:35:53 +0000 http://bostonreb.com/2008/05/16/offer-to-purchase-can-be-binding/#comment-22620 I agree Gerry, I uusllay flag my listings until the home inspection issues are clear and the Purchase and Sale is signed. Although sometimes right when the offer is signed. Usually my sellers can’t wait for the showings to stop. Not to mention I like my listings to show the least amount of days on market once they sell; that helps when I am listing. I agree too that it is frustrating as a Buyer’s Agent to run into properties that have been flagged forever and we can’t get in to see, even for comparison of value to available properties. I know it would motivate buyers if they saw listings they were watching start to sell. Good points. We should all be working together to keep this market moving!Karen ManringREMAX Advantage 1 I agree Gerry, I uusllay flag my listings until the home inspection issues are clear and the Purchase and Sale is signed. Although sometimes right when the offer is signed. Usually my sellers can’t wait for the showings to stop. Not to mention I like my listings to show the least amount of days on market once they sell; that helps when I am listing. I agree too that it is frustrating as a Buyer’s Agent to run into properties that have been flagged forever and we can’t get in to see, even for comparison of value to available properties. I know it would motivate buyers if they saw listings they were watching start to sell. Good points. We should all be working together to keep this market moving!Karen ManringREMAX Advantage 1

]]> By: JenniferZ http://www.bostonreb.com/2008/05/offer-to-purchase-can-be-binding/comment-page-1/#comment-4859 JenniferZ Sat, 17 May 2008 00:24:55 +0000 http://bostonreb.com/2008/05/16/offer-to-purchase-can-be-binding/#comment-4859 Most things legally don't work out for the agent. While we are held to the higher level of ethics and accountablitily, as we should, we sure seem to be serverly lacking when it comes to our own legal rights of a contract. I guess it's a catch 22; no one wants to profit from an unfortunate situation of a buyer or seller. I guess it's just how the escrow closes, or not. :) Most things legally don’t work out for the agent. While we are held to the higher level of ethics and accountablitily, as we should, we sure seem to be serverly lacking when it comes to our own legal rights of a contract. I guess it’s a catch 22; no one wants to profit from an unfortunate situation of a buyer or seller. I guess it’s just how the escrow closes, or not. :)

]]> By: John A Keith http://www.bostonreb.com/2008/05/offer-to-purchase-can-be-binding/comment-page-1/#comment-4861 John A Keith Fri, 16 May 2008 15:20:11 +0000 http://bostonreb.com/2008/05/16/offer-to-purchase-can-be-binding/#comment-4861 Mos Def. The buyer's agent has every right to sue or file a complaint with the Realtor board for payment due. I know I would. The buyer's agent found a buyer who was ready, willing and able to buy. Realtor regulations (and MLSPIN's, I believe) require a seller's agent to pay a buyer's agent, if the above criteria are met. Very infrequently does it ever work out in the agent's favor, though. But for a $125,000 commission, I might be willing to at least make the effort! Mos Def.

The buyer’s agent has every right to sue or file a complaint with the Realtor board for payment due. I know I would. The buyer’s agent found a buyer who was ready, willing and able to buy.

Realtor regulations (and MLSPIN’s, I believe) require a seller’s agent to pay a buyer’s agent, if the above criteria are met.

Very infrequently does it ever work out in the agent’s favor, though.

But for a $125,000 commission, I might be willing to at least make the effort!

]]> By: JenniferZ http://www.bostonreb.com/2008/05/offer-to-purchase-can-be-binding/comment-page-1/#comment-4860 JenniferZ Fri, 16 May 2008 15:10:09 +0000 http://bostonreb.com/2008/05/16/offer-to-purchase-can-be-binding/#comment-4860 It will be interesting to see how the law favors this case. Couldn't the listing agent have a potential case against the seller too for loss of commision due to non performance by the seller? It will be interesting to see how the law favors this case. Couldn’t the listing agent have a potential case against the seller too for loss of commision due to non performance by the seller?

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