Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

9
Posts
3
Votes
Yasmin Goetz
  • Investor
  • Clermont, FL
3
Votes |
9
Posts

Let me tell you a story about a Realtor that kept an extra 3%.

Yasmin Goetz
  • Investor
  • Clermont, FL
Posted

How hard is it going to be to get back 3% commission that my Realtor/acquaintance kept?

How did she do that? , you may ask. Well, let me tell you what happened.

My partner & I signed a listing agreement with this realtor but before it was signed, property was being sold by owner offering realtors a co-broker 3%. Well same Realtor took clients to see the property before contract was signed, and I just realized that only the 3% co-broker fee should had been paid. I am half Spanish & German so please excuse my English.

I have proof of her wrong doing with emails & texts and the Realtor does not seem to be concerned that she did anything wrong! How can I get my money back? It seems that an Ethical Complaint in FREC is not helping get my money back. Positive and realistic advises are very appreciated. I'll send you 2 dozen baked chocolate chip cookies, to say Thanks! :)

Most Popular Reply

User Stats

1,358
Posts
1,322
Votes
Levi T.
  • Rental Property Investor
  • Tucson AZ / Nice FR
1,322
Votes |
1,358
Posts
Levi T.
  • Rental Property Investor
  • Tucson AZ / Nice FR
Replied

So let me get this right.. The property was for sell by owner, with a 3% commission. An agent offered a listing contract, and you signed it at a higher commission, then they submitted a contract from a client that they showed the property to before you all signed a contract with the listing agent?

If I'm understanding you right. They likely have not done anything wrong as they can freely show anyone the property, and they don't earn that 3% commission until a contract is submitted, approved by the sellers, and closed. This is because it's the terms of the advertised property, and they are not under contract. This would even apply after, while, or during the process. Once you signed a contract, all new terms come into play.

The move is likely legal, but I would frown on it and never do business with a real estate agent like that again. Word of mouth will go a long ways, nothing tarnishes a real estate agent quicker than being called a crook.

In the end, if you did not like paying a higher commission, you should have not signed a contract.

Loading replies...