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Updated almost 9 years ago,

User Stats

124
Posts
49
Votes
Christopher Morin
  • Flipper/Rehabber
  • San Francisco
49
Votes |
124
Posts

I messed up. Gave PoA to agent for closing

Christopher Morin
  • Flipper/Rehabber
  • San Francisco
Posted

Rant/advice please. .. so I closed on the final sale of a flip on friday, and in my attempt to outsource and spend less time "in my business" and more time "on my buisness" I signed a specific PoA over to my listing agent... I allowed them to sign addendums to my contact during closing negotiations, and also conduct closing. Well, absent specific instructions, they moved up closing to as soon as possible (good) and signed without presenting me the settlement statement ( very bad).

Turns out they messed up an addendum's verbage, and increased my closing cost concessions by 3000 more, when it was supposed to decrease by 1500. It was a contract verbage issue that the title company simply executed. And then my agent signed the HUD on friday.. that's 4500 I shouldn't have paid.

My fault entirely for misplaced trust and unclear instructions, but this was a significant error by my realtor. Should I ask them to concede part of their commission? Or simply note lessons learned and fire them?

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