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Updated almost 7 years ago on . Most recent reply
How to deal with an uncooperative Listing Agent?
I have a borrower (self-employed) who is purchasing a 640k property in Orlando area who has had to clear up unexpected conditions in order to obtain a loan commitment, but he has done what was needed and we're back on track.
However, we need a few days closing extension and the Listing Agent is difficult, likely because from what I hear, she has a buyer ready and she would get the entire 6% Points real estate commission.
I'm trying to be nice, but the listing agent and her title agent refuse to surrender the seller's contact info. I easily found the seller's cell numbers and emails online, so I think it may be time for me to simply Circumvent the Listing Agent and contact the sellers directly.
What issues might this cause and what could prevent a Mortgage Broker from Circumventing the Listing Agent in effort to deal directly with the sellers?
Most Popular Reply
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If a buyers agent did that they would immediately have an ethics complaint filed against them and they would absolutely receive some sort of disciplinary action. Do you have any sort of body that the listing agent could file an ethics comolaint against you with?
A $5,000 fine and 30 day suspension of license would be typical for an agent in my market for doing what you have suggested.
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