Quote from @Kevin Sobilo:
Quote from @V.G Jason:
You consider this unforgivable?
Submit your bid again, use a diff agent. Unforgivable is irreparable damage. You did not lose anything, you just didn't get what you were expecting to get. The agent is going to learn a hefty cost for this and that's your business.
Life isn't forgiven, keep it trucking.
You are right, the damage isn't irreparable. The question is how much money does the brokerage and agent or their insurance owe them.
They carry insurance for EXACTLY this sort of thing where their mistakes cost their clients.
Also, their bid was accepted, so why don't you think they didn't lose anything? They lost this deal apparently or at least would need to apparently pay significantly more to get it back.
I would not be so certain that the brokerage owes the client anything. Could be expensive to find out.
For starters, a purchase at the original contract purchase price could have resulted in a big fat loss. More…
Did the agent submit the bid? Or did the client? Was the agent in exclusive control of the information required by HUD? Or just expected by the client to submit it? If so was that expectation reasonable? What are the damages, if any? If there are any provable damages, was the action or inaction of the agent the proximate cause of the client’s damages? Or does the client bear some of the blame? In some jurisdictions if the answer to that last question is in the affirmative, no matter how small of a percentage, the claim is dead.