Belt Auction

if i have a real estate agent throw a certain company does that mean i have to buy a house only from them?

my agent is throgh century 21 and if i see a house from red carpet keim can we still be able to purchase? my agent is throgh my morgage company, do i have to choose a home that feom century 21 or can i say well i seen a house from another company and have my agent get it for me? or does it only have to be from century 21?

Public Comments

1. Yes you can buy from whomever you please .in your case century 21 has an obligation to you
2. you can buy from ANYONE good luck house hunting
3. If you signed a contract with Century 21 then no. They can make you pay what their commission would of been on the sale. If the house you want is on the Multi-List there will be no problems using the agent you already have.Any multi-listed property can be sold by any agent. The agent you use will just have to split his or her commission with the original selling agent. That's how it's done in Pennsylvania and if you haven't signed a contract then theres no need to worry, use who you want to!!!
4. This is generally how agency works. States vary. If you have signed a Buyer's Broker Agreement with your agent, then that agent will represent you. Your agent is obligated to show you houses that fit your needs, no matter what company has listed the house for sale. So, if you want to buy a house that's listed with Coldwell Banker, and your agent is with Century 21, then your agent will represent you through out the sale. It is always a good idea to have your agent completly explain everything in a contract that you are required to sign. It is true that part of the commision the seller pays the listing agent will pay the buyers agent. However, some agents require a certain percentage to represent their client. That will be spelled out in the Buyer's Agreement. So if the listing agent is paying 2.5% and the Buyer's agent wrote in 2.7% in the contract with the buyer, then the buyer may have to make up the difference. There is an option in the contract that says it will, or will not reduce the obligation of the buyer to make up the difference. At least that's how it works in Minnesota. Sit down with your agent and have that person completly explain what all of the fees are. So, if you have signed an agreement to have this agent represent you exclusively, then yes, you will have to use this agent to complete the transaction, but you can choose any home to buy, no matter who represents the seller, or even if the seller is unrepresented. I hope this helps. Real estate can be confusing.