Quote:
Originally Posted by legion
I have zero expectation that I will get my money back from the old realtor. My questions are the following:
1) How long should I wait before filing a complaint with the local realty association? I don't want it to be too soon so that it looks like my complaint does not have merit.
2) How long should I wait before pursuing legal action? I'm thinking small claims court for the $500, but I want to give him a "reasonable" amount of time to pay.
3) Assuming I win a judgement, and he still does not pay, can I 1099 him for the debt? How does one do that?
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File a complaint, but you may find that there are no repercussions, other than his own lack of success, for being lazy. I wouldn't lose too much time to that... upwards and onwards
I would go see him IN PERSON, with a copy of the paperwork and ask for the refund. I bet there's something in there that will prevent you from getting a refund after relisting with another agent.
The "no service" realtor thing is very intersting to me... we will probably see that up here within a year or two and I think it will really help consumers. I'd be intersted to hear about the "mechanics" of your arragngement. Was he to book showings, negotiate offers, etc? Or merely list it on MLS and have all inquiries & offers go through you?
As for being "blacklisted", it's hard to say. That does happen sometimes due to agent personalities, but the posted selling commission is also a significant factor. There is a local discount brokerage that posts 2 - 2.25% selling commissions. Their listings don't get shown much.