What happens when you fire your realtor while under contract?
August 13, 2013 9:46 AM Subscribe
Our buyer's agent isn't working out. We are under contract, currently in the home-inspection-contingency phase. What happens if we fire him and get another agent? How do the agents involved divide the commission? Will another agent be willing to represent us for what is presumably a reduced commission?
posted by anonymous to work & money (17 answers total) 1 user marked this as a favorite
Our offer was accepted and now it's time for home inspection. First, our buyer's agent disappointed us in the initial negotiation; he provided zero advice or insight in a tense, time-critical negotiation when we were competing against three other offers; instead, he simply acted as a relay for communicating with the seller's agent.
Now he is dismissive of our concerns for a rigorous home inspection. We were badly burned by inept inspection the last time we bought a home, and this time we are hiring two independent home inspectors as a hedge, along with the specialists those inspectors recommend. Our agent has insinuated that we are being unreasonable, that one home inspection should be enough, and that we should not inconvenience the seller (who works from home, and must therefore clear out of her house when we bring in inspectors).
It's not working out and we no longer have faith in him to advocate for us. Considering we are under contract and his signatures are on all the paperwork, what happens if we fire him and hire someone else?