I have a buyer we have a signed and executed contract. He put "his realtor friend" on the contract because his friend was going to give him 2% back at closing on the HUD for closings costs. Continued

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Rainmaker
634,532

Kathleen Luiten

Resort and Second-Home Specialist - Princeville, HI

Kauai Luxury Ocean Home Sales

Sounds like a legal question, not one for an agent to answer. Maybe call you state's Board attorney for advice.

Apr 21, 2015 11:32 AM

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3

Beatrice Briseno

San Antonio, TX
Yolanda Cordova-Gilbert

Richmond, TX
Lise Howe

Washington, DC

Rainmaker
1,742,627

Sandy Padula & Norm Padula, JD, GRI

HomeSmart Realty West & Florida Realty Investments - , CA

Presence, Persistence & Perseverance

It sounds like you have been had by this buyer. In my opinion, there is nothing you can do, unless you had a Buyer-Broker Agreement in place at the time the purchase offer became a contract. I defer this question to a Texas-licensed attorney.

Apr 21, 2015 11:23 PM

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2

Eve Alexander

Tampa, FL
John McCormack, CRS

Albuquerque, NM

Rainmaker
3,343,398

Sally K. & David L. Hanson

EXP Realty 414-525-0563 - Brookfield, WI

WI Real Estate Agents - Luxury - Divorce

DO you have a legal hotline you can call for your state association ? I would start there.

Apr 21, 2015 01:34 PM

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2

John McCormack, CRS

Albuquerque, NM
Yolanda Cordova-Gilbert

Richmond, TX

Rainmaker
1,677,896

John McCormack, CRS

Albuquerque Homes Realty - Albuquerque, NM

Honesty, Integrity, Results, Experienced. HIRE Me!

Check to see what the law is in Texas and go from there.

Apr 22, 2015 12:39 AM

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1

John McCormack, CRS

Albuquerque, NM

Rainmaker
2,234,243

Debbie Laity

CinaJones Real Estate - Cedaredge, CO

Your Real Estate Resource for Delta County

Keep us updated on how this turns out. I like the suggestion to call your state's legal hotline if you have one.

Apr 21, 2015 02:19 PM

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1

Yolanda Cordova-Gilbert

Richmond, TX

Rainmaker
1,466,257

Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

Yolanda Cordova-Gilbert Time to get your broker involved and get some legal advice.

Apr 21, 2015 12:40 PM

Upvote

1

Beatrice Briseno

San Antonio, TX

Rainmaker
5,773,914

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Yolanda,

I think this may be best answered by a Texas real estate attorney, not a realtor in my opinion. A

Apr 21, 2015 08:57 AM

Upvote

1

John McCormack, CRS

Albuquerque, NM

Rainmaker
443,220

Cindy Davis

SD Home Source Realty - San Diego, CA

I must confess that I don't understand this. Why did you allow him to put a Realtor 'friend' on the contract? That seems like a red flag right there....Maybe you could share a bit more explaining this....

Apr 21, 2015 08:08 AM

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1

Lise Howe

Washington, DC

Rainmaker
4,800,232

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

I hope this has been resolved.

Oct 15, 2018 07:30 AM

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Rainmaker
630,301

Ajay Pandya

e-Merge Real Estate Unlimited - Columbus, OH

Realtor Ajay Pandya

I hope this was resolved in your favor.

Apr 26, 2018 08:17 PM

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Rainmaker
3,073,563

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Coldwell Banker Realty

Norm nailed this one!

Sep 30, 2017 04:10 AM

Upvote

Rainer
275,937

Richard Robibero, e-Pro, ABR, SRS

Panorama R.E. Limited - Toronto, ON

Selling Your Home as if it were My Own!

This gives me an idea. When I list a place for sale I will immediately produce an agreement of purchase and sale that has the Buyer as "To be named later" and then collect the commission.

In all seriousness I don't think that's legit. I would contact a real estate lawyer.

Apr 21, 2015 09:32 PM

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Rainmaker
2,759,862

TeamCHI - Complete Home Inspections, Inc.

Complete Home Inspections, Inc. - Brentwood, TN

Home Inspectons - Nashville, TN area - 615.661.029

Good morning Yolanda. I think this is a question that needs to be answered by an attorney. I've never heard of this before.

Apr 21, 2015 08:40 PM

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Rainmaker
1,435,300

Yolanda Cordova-Gilbert

Richmond, TX

I work for a builder so i do not have a broker.

Apr 21, 2015 01:12 PM

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Rainmaker
2,443,285

Evelyn Johnston

Friends & Neighbors Real Estate - Elkhart, IN

The People You Know, Like and Trust!

I don't understand it either, must be a Texan thing?

Apr 21, 2015 10:54 AM

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Sounds like a legal question, not one for an agent to answer. Maybe call you state's Board attorney for advice.
It sounds like you have been had by this buyer. In my opinion, there is nothing you can do, unless you had a Buyer-Broker Agreement in place at the time the purchase offer became a contract. I defer this question to a Texas-licensed attorney.
DO you have a legal hotline you can call for your state association ? I would start there.
Keep us updated on how this turns out. I like the suggestion to call your state's legal hotline if you have one.
Yolanda Cordova-Gilbert Time to get your broker involved and get some legal advice.
Yolanda,

I think this may be best answered by a Texas real estate attorney, not a realtor in my opinion. A
I must confess that I don't understand this. Why did you allow him to put a Realtor 'friend' on the contract? That seems like a red flag right there....Maybe you could share a bit more explaining this....
This gives me an idea. When I list a place for sale I will immediately produce an agreement of purchase and sale that has the Buyer as "To be named later" and then collect the commission.

In all seriousness I don't think that's legit. I would contact a real estate lawyer.
Good morning Yolanda. I think this is a question that needs to be answered by an attorney. I've never heard of this before.