sprklng74 asked:
Our realtor made a mistake that cost us the house that we wanted to buy (see previous question), and then cashed our earnest money check after he assured us that it would not be cashed until we closed on a house!
I’m feeling very distrustful, any good realtors here from Boise, ID? I’m tired of being scr*wed over!
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7 users responded in this post
snap three times,, spin 2 times on your toes and call out three times and all ur problems will be solved.. alternativelyu can try the telephone directory
It sounds as though you dealt with an inexperienced or unethical realtor. NOT ALL REALTORS ARE THIS WAY! I do know that if an offer is accepted by both parties, then the earnest money check MUST be deposited until the transaction is closed, or until both parties agree to release the money. A realty company cannot hold a check (uncashed) until closing.
Try talking to the broker in charge of the company that the realtor works/worked for. The Broker in Charge is responsible for all real estate activity in that office. Also, if you have a legitimate grievance, which it sounds like you do, you should contact the BIC to let them know you are probably going to talk to the state’s Real Estate Commission LLR regarding the matter.
Then, I’d definitely suggest interviewing a new realtor. Try picking a realtor who has been in the business for a couple of years. Explain to them what happened to you (you don’t have to name company names, etc), and what you expect from them up front. Be honest, and stick with a reliable, seasoned agent.
I hope this helps!
Ask around to be referred to one, and I’m not talking about asking your lender.
Talk to friends and family.
There is no magic involved. Interview agents and brokers before working with one. The relationship must fit.
I’m sorry to hear of your dealings with this Realtor®. I would ask family, friends, and co-workers if they know someone trustworthy and competent to help you. I’d also consult an attorney and your state board of licensing in regards to getting back your earnest money.
When looking for a new Realtor®, ask LOTS of questions of them before you commit, things like:
Do you work full-time or part-time as a REALTOR®?
Full-timers usually mean more attention to your needs.
How well do you know the area(s) I am interested in?
Specialization in an area, means better knowledge of home prices and trends in most cases.
How many other buyers are you representing now?
Busy REA’s (Real Estate Agents) are usually efficient in what they do.
Will you handle all aspects of my transaction or will you delegate some tasks to a sales associate or administrative assistant?
A skilled assistant can be a god send in some instances, but being able to get in touch with REA when you need to is primary.
Can you give me a Comparative Market Analysis (CMA) of recent sales in the area and homes currently on the market?
Test their knowledge and willingness to work for and with you, this should list things like, listing prices, dates sold, descriptions, etc…which will be beneficial for you when comparing properties your going to go look at.
Can you provide me with information on the area?
Good REA’s will have information readily available on schools, shopping, transportation, community services, etc…
Is your license in good standing?
Check on them, both their state license, and their official Realtor® certification to see if they have had past complaints.
How many years of education and experience do you have?
Experience and a continuing education are important factors to which usually make a better REA.
Hope all that helps! Good luck!
A good realtor will educate you and should have E O Insurance (Errors and Omission) to cover any mistakes they might make, so you the client is protected.
Need a good Realtor?
If In Alabama - e-mail me
If not in Alabama - I can still recommend an experienced Realtor from your area that will give you OUTSTANDING service! I work with a network of Realtors across North Amercia.
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