Quote:
Originally Posted by vash
Thanks.
What about BUYING agent. Just walk away? Mine is not great.
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Yep. If there is no signed buyer-broker agreement, then no
real explicit "agency" exists. However, there may be instances of "implied agency" without a written agreement.
This is typically only something the agent has to worry about (giving bad advice/direction that results in damages of some sort to the buyer, etc.).
The only time that it would really be an issue for a buyer (even with no contract in place), is if the agent shows you a house, and you cut them loose, then buy that same house later. If that happens, you may be on the hook for "procuring cause" if that agent were to find out. Even then, it's difficult to enforce/prove, and even rarer still that it affects the buyer's wallet. Of course, it's best to confirm the statutory regs/definitions of your state/jurisdiction. Just don't be that guy anyway...
