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
Buying & Selling Real Estate
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 about 6 years ago on . Most recent reply

User Stats

1,638
Posts
1,060
Votes
Cal C.
  • Investor
  • Peachtree Corners, GA
1,060
Votes |
1,638
Posts

Should I report this agent to the Board of Realtors or?

Cal C.
  • Investor
  • Peachtree Corners, GA
Posted

I'll try to make this short.

Last month, I called an agent who runs a property management company. I offered to buy one of the houses he manages.  Had to explain to him a couple of times what I was trying to do.  Anyway,  he calls the owner and she agrees to sell it to me for the price I offered.  I asked the agent to write up the contract.  He did but he included a 6% commission.  I told him I didn't think he earned 6% for simply making a phone call and writing up a contract.  I refused to sign.  Next day he puts the property on the market with a highest and best at close of business the same day.  I make the same offer but was outbid.  Found out today, the buyer was the agent's father and another agent within the original agent's office represented the father.  

My agent (who knew of this, but wasn't involved) says I should report the original agent.  My PM also says I should report the agent and has almost had to report said agent in the past.  

So should I 

Simply report the agent to the Board of Realtors?

Report the agent and contact the seller to tell her what happened?

Just tell the seller what happened?

Text the original agent to tell him I know he sold the property to his father?

Make an offer to buy the property from his father at the same price I originally offered (JOKING).

Call his mom, who is his broker and tell her I think what her son and husband did was pretty crappy (obviously she knew all about this)?

Do Nothing and let fate take care of this unethical family?

Something else?  

Most Popular Reply

User Stats

23,418
Posts
13,508
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Most property management contracts include a sales commission if the property is sold. Was the agent asking You to pay the commission?  If not, why do you care, the owner had agreed to it.

No one cares if you think he’s making too much money for relatively little work. Sometimes an agent spends hundreds of hours on a deal, many deals/buyers never close, so they need an easy one once in a while to balance it out. 

Loading replies...