Listing Agent demands BA pay for a mistake made by the LA

Curious to get peoples thoughts on this situation. Currently under contract with closing in 4 days. I’m the BA & the LA is in the same brokerage. It’s a long post but that’s because the details are important.

After my client submitted an offer the LA withhold information about other offers and shopped around after a few days only to come up empty handed. My clients did not mind waiting because this was the one & were ready to wait it out to get the house. I knew instantly this was going to be a different type of deal. The seller counters our offer and demands a full appraisal waiver (no other offers), free rent back (again no other offers) and other misc, petty requests.

Me and my clients didn’t Agree to anything the seller requested since we were the only offer ($650k plus home). After a week, the seller decided he would accept our offer but kept telling his agent that if the home didn’t appraise then he wouldn’t drop the price. That’s fine, everyone knew this and nether myself or clients were concerned about it under appraising- the LA and sellers were the ones who were concerned.

Inspections and appraisal were on point so fast forward to the present and a closing in 4 days.

The LA contacted me yesterday in a panic because she had her seller check a box that stated the seller pay all state, country transfer taxes & recordation fees. I noticed this earlier in the transaction and thought maybe it was intentional or something….also it’s not my place or responsibility to tell the LA that box was checked (I assumed she knew).

Fast word to today, 3 days before settlement and the LA calls me in frenzy because of the mistake SHE made on the lisitng agreement. After getting screamed at by the LA, name called and told “you will be paying for this mistake because it’s your fault.”

I didn’t even bother to defend myself to engage in conversation because the yelling etc …

I called my broker to discuss because I did not feel it was my responsibility to pay for the Agents mistake.

Fast forward to tonight and the agent called me again (not to apologize- no surprise there) but to tell me now it’s my fault the deal is falling aboard because i refused to pay for a mistake the agent made in her lisitng agreement. Furthermore more, I don’t know how she just just realize this l massive mistake she made ($16k error)

Long story short she told me I had to pay $2k- again for a mistake she made and has ‘o nothing to do with me….

I’m mtg with my broker again tomorrow to reiterate that I’m not paying $2k ::0/&.-“”( after the phone call)

Curious on your thoughts: ok all the above, particularly IF /9’eons here can prove it’s my fault….

submitted by /u/MissionResolution537
[link] [comments]

Curious to get peoples thoughts on this situation. Currently under contract with closing in 4 days. I’m the BA & the LA is in the same brokerage. It’s a long post but that’s because the details are important. After my client submitted an offer the LA withhold information about other offers and shopped around after a few days only to come up empty handed. My clients did not mind waiting because this was the one & were ready to wait it out to get the house. I knew instantly this was going to be a different type of deal. The seller counters our offer and demands a full appraisal waiver (no other offers), free rent back (again no other offers) and other misc, petty requests. Me and my clients didn’t Agree to anything the seller requested since we were the only offer ($650k plus home). After a week, the seller decided he would accept our offer but kept telling his agent that if the home didn’t appraise then he wouldn’t drop the price. That’s fine, everyone knew this and nether myself or clients were concerned about it under appraising- the LA and sellers were the ones who were concerned. Inspections and appraisal were on point so fast forward to the present and a closing in 4 days. The LA contacted me yesterday in a panic because she had her seller check a box that stated the seller pay all state, country transfer taxes & recordation fees. I noticed this earlier in the transaction and thought maybe it was intentional or something….also it’s not my place or responsibility to tell the LA that box was checked (I assumed she knew). Fast word to today, 3 days before settlement and the LA calls me in frenzy because of the mistake SHE made on the lisitng agreement. After getting screamed at by the LA, name called and told “you will be paying for this mistake because it’s your fault.” I didn’t even bother to defend myself to engage in conversation because the yelling etc … I called my broker to discuss because I did not feel it was my responsibility to pay for the Agents mistake. Fast forward to tonight and the agent called me again (not to apologize- no surprise there) but to tell me now it’s my fault the deal is falling aboard because i refused to pay for a mistake the agent made in her lisitng agreement. Furthermore more, I don’t know how she just just realize this l massive mistake she made ($16k error) Long story short she told me I had to pay $2k- again for a mistake she made and has ‘o nothing to do with me…. I’m mtg with my broker again tomorrow to reiterate that I’m not paying $2k ::0/&.-“”( after the phone call) Curious on your thoughts: ok all the above, particularly IF /9’eons here can prove it’s my fault…. submitted by /u/MissionResolution537 [link] [comments]

<a href="Read More“>View Full Article

Need More Commercial Real Estate Leads?SAVE 40% this month!

Our commercial valuation calculator was created to evaluate commercial real estate. In 6 quick steps you will know your NOI, CAP RATE, and IRR.

Now you can get your own branded version of our calculator!

Generated by Feedzy