selling co-op home problem/conflicts of interest

[Tom Liu]

I'm selling my personal home which is a coop. I have buyer in hand where he is rock solid financially (putting like 75% cash down with good w2 income and basically no debt). The price is on the lower end of what I wanted but I accepted because of his rock solid background. A couple of things occurred since. 1) I realized the buyer has no agent so my agent will be pocketing all the commission. The agent also is a friend my wife and myself. 2) My coop still hasn't released their financials and said it "should" be in by another week and a half. 3) By the time, the financials are in (if they are in), I will be on vacation for 2 weeks. So it can be possible that I won't have executed contract for another 3.5 weeks.

So now buyer won't sign contract until they have financials. I'm annoyed because this coop is rock solid based on previous years and one of the most reputable in the local area. My agent is advising me to stay the course and wait because if I was in his position, I would do the same and its not the buyer's fault the financials aren't out yet.

I feel conflicted and trapped. I told my agent/friend to tell him that I will wait but I will also take other calls/viewings if someone is interested and entertain offers. Is that a jerk move? I feel the need to look out for my best interests. Maybe I will get a higher offer or maybe not but I feel like I should be doing due diligence. Having said that, despite my agent being my friend, and the laws being what they are, will I even "get any calls" if he getting double commission. Hate to think that about a friend but we are talking about money. If I wanted to force the issue, I can organize an open house to see what the interest level is but I'm also not sure if that is the route we should take. Opinions, advice on the situation and life lessons in general? Been lukewarm to the whole idea of becoming a real estate agent but this situation (and a few others...) lights that fire a little...