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Updated over 1 year ago on . Most recent reply

User Stats

45
Posts
7
Votes
Andy S.
  • Investor
  • Somerset
7
Votes |
45
Posts

Used another realtor instead of my own for buying property, what are the implications

Andy S.
  • Investor
  • Somerset
Posted

Recently I started working with a realtor as my buyer's agent. I did not sign any buyer's agent agreement though. I bought my first property thru this realtor, however for the second deal, I chose instead to use seller's realtor as my buyer's agent (ie disclosed dual agent). Since my first realtor brought and showed this second property to me, I felt I should speak with the realtor to inform them about my decision to go with another realtor. In such a scenario, what will be the impact to me?

1) Will I be not allowed to buy the second property through the new realtor?

2) Can my first realtor sue the second realtor and that in reason for me to lose this second property deal?

Kindly advise.

Regards

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