How Do I Fire My Realtor? | REALTOR.com? Blogs

Q: I have a signed offer on a condo for short sale. I am in the paperwork repetition cycle with my mortgage company as the mortgage was sold after the signed offer and all the paperwork was completed. We are in the process of redoing the paperwork and resubmitting the requested paperwork with the new mortgage company. The new mortgage company uses equator, which my realtor does not have/use. Therefore he gets someone else in his office to enter the data. This has proved to be laborious and inefficient. I have lost confidence in my realtors organizational, interpersonal and communication skills. Where does this leave me? I feel it would be counterproductive to make a switch at this time, but am having a hard time dealing with the realtors inability to answer questions, (which he can never answer and does not seem to understand) and his attitude. I doubt his knowledge base. What should I do?
?Eygore, Aptos, CA

A: Hello. I?m not sure but I am guessing you are the owner who is short selling; is that correct? If so then here are my answers:

Equator is free and required by several banks including Bank of America and Wells Fargo. There is no reason your agent couldn?t use Equator unless he does not have errors and omissions insurance; that is required.

I suspect he is not that educated in short sales. There are several extra certifications and designations that train agents in the short sale process. So I?m not sure why you chose this agent without any additional short sale credentials. Just because someone has a license does not mean they are fluent in short sales. In fact many agents never get those additional credentials and just add ?short sale expert? or ?short sale guru? or ?short sale professional? to their business cards or the advertisements. Those are nothing more than misleading, self-proclaimed gimmicks that agents use.

You should look for an agent who has SFR or CDPE after their name. They have earned those designations.

If you feel like firing your agent you should have an attorney review your agreement to keep you out of trouble.

I wish you well.
Jim Guido is a Realtor? with California Real Estate Internet Group in San Clemente. CA.

A: You presumably have a signed listing agreement with the Broker. In most instances you have contracted with the Broker via the Realtor. These listing agreements can be hard to cancel. Call the Broker and state your case, ask to be re-assigned to his/her most knowledgeable Realtor who is familiar with short sales. After all, someone in the office is helping your Realtor. Who is that person? That may be who you want. He should be willing to comply after which he should smartly better train your Realtor.
Jackie Davis is a Realtor? with American Realty & Inv., ERA in Inverness, FL.

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Related posts:

1. If I Purchase A Short Sale Or Foreclosure How Are Realtor Fees Handled?
2. How Do I Make An Offer On A Short Sale?
3. Should I Choose Another Realtor?
4. Can I Fire My Realtor And Make An Offer To The Seller?s Realtor?
5. What Are The Duties Of A Realtor For A Short Sale?

Source: http://www.realtor.com/blogs/2012/08/27/how-do-i-fire-my-realtor-2/

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