Tuesday, March 27, 2012

Can I Rent Without Going Through The Realtor? | REALTOR.com ...

questions

Q: I?m in the market to rent an apartment and my real estate agent has been both lying to me and potentially misrepresenting me to the landlord. Am I within my rights to terminate the contract and pursue the rental with the landlord directly? PS: the apartment is even listed through the Realtor. The property manager is directly advertising his properties though this one hasn?t officially hit the market yet.

Thanks!
?Boston, Boston, MA

A: If you have signed an agreement with this Realtor, please refer to it for terms/conditions under which one party can terminate it unilaterally. If you also feel that this agent is being unethical, address your issues directly. Should that not resolve the issue, contact the Broker-In-Charge for this agent?s brokerage.
Alex Cortez is a Realtor? with Wailea Village Properties LLC dba/Island Sotheby?s in Kihei, HI.

A: I am not quite sure what the situation or relationships are, but if you have an Agency relationship established by a formal contract with your real estate agent, then you need to formally fire them. But typically the relationship exists between an individual and the Broker, not the Agent.

First, review the agency document you signed and see if there are specific conditions that give you the right to cancel at anytime. Then the right way to do it is to write to the Broker for the office, who has the decision making ability.

I always let a client out of an Agency relationship when they ask, I promise 24 hours notice but you are faced with a different problem, fired or not if they have what is known as ?procuring cause? they may still be due compensation for when you rent that, or any other property they showed you in your rental search. Another issue may be that the contract the agent has with the unit owner may prevent him from renting it to anyone that was introduced to the property by the agent giving the agent a protection period as it is commonly called.

Your question implies a perception of impropriety on the part of your agent, if that truly is the case you should contact the Broker to discuss it and also review state license laws and how they apply to the experience you had.

I am so sorry it has been less than a stellar experience with your REALTOR. It might just be simpler to just deal with the possible personality conflict and follow through to get the rental unit you want.

I hope that helps! And thanks for using Ask a REALTOR on Realtor.com
Maya Paveza is a Realtor? with Coldwell Banker Preferred in Wilmington, DE.

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  5. How Do I Find Rent-To-Own Programs In Colorado?

Source: http://www.realtor.com/blogs/2012/03/26/can-i-rent-without-going-through-the-realtor/

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