Hi All,
We are first time buyers and we signed an exclusive buyers agent agreement back in June. Now we would like to terminate it because the contract has no end date. When we look at the termination agreement it states we will pay commission on any house that we purchase that was for sale during the agreement for 6 months after termination.
Is this standard? I find that most contracts on line are for houses that were "located" or shown by the agent.
I spoke with the broker/owner and he says that he will not alter the termination agreement.
While we are not currently going to purchase a home, our situation may change before the end of six months and we do not want to use the same agency.
Is there another way to terminate rather than signing their termination agreement?
Agreement can be viewed here:
http://www.openfoundations.com/realty
Thanks!
We are first time buyers and we signed an exclusive buyers agent agreement back in June. Now we would like to terminate it because the contract has no end date. When we look at the termination agreement it states we will pay commission on any house that we purchase that was for sale during the agreement for 6 months after termination.
Is this standard? I find that most contracts on line are for houses that were "located" or shown by the agent.
I spoke with the broker/owner and he says that he will not alter the termination agreement.
While we are not currently going to purchase a home, our situation may change before the end of six months and we do not want to use the same agency.
Is there another way to terminate rather than signing their termination agreement?
Agreement can be viewed here:
http://www.openfoundations.com/realty
Thanks!
