patrick.net

I am sorry to hear that a realtor screwed you up. But getting all transaction of realtor? How is that going to help you unless you get commission numbers for each transaction. I think it may be hard but than I may be naive.

I don't think anyone keeps those kinds of records.........the best way to hire a used house salesman, plumber, contractor, etc., is word of mouth. Find some folks at your place of employment, Rotary club, church, temple or mosque or other social circles to see if you can find one that people were happy with. I have found everything from great dentists to electricians to plumbers and contractors by folks that were happy with the work and work ethic.

Well, first I might go find your meter reader and punch him square in the mouth for the formatting of last month's PG&E bill. He would certainly have more to do with that than an agent had to do with the seller's ultimate acceptance of an offer. Did you submit yours after the other became effective and binding?

Hunt down that seller and take him to lunch. Show him a copy of the offer he purportedly rejected highlighting his unfortunate profit loss. Then explain your suspicions against the agents involved. When he gets nice and angry, drop the check on him while you rip up the grass. Now, you won't ultimately get the house but you have just checked off one more item on the Bucket List!

Common Sense, I am pretty sure it was the listing agent doing something wrong. The seller was a major institution (an REO sale). The asset manager for the property was in a different state. Another offer was accepted at first, because it was higher than ours. But that deal fell through. Subsequent to that, the listing agent did not re-submit our offer to the asset manager, nor did he inform us that we needed to do so. Quite to the contrary, he told us we were in the running and that the asset manager had our offer.
I have since spoken to the asset manager. That is how I learned that our offer was not actually being considered at all.
So, in essence, the listing agent had a preferred buyer who paid considerably less. The agent lost some money on the commission, but gained something else, presumably. That's why I would like to find out if they have had any more transactions with the buyer's agent.
A long shot, I know. But a little sunshine on agents' actions might be healthy for all of us in this market. It is, I think, public record, isn't it?

Send a letter to the president of the bank outlining your concerns. It might change things.

Mark, firstly..I'm sorry that happened. I know how frustrating it can be. The market is an absolute mess everywhere and nobody seems to have a firm grasp on anything.

I'm not saying this happened but if you were represented by a seperate agent, the listing agent may have received a direct offer allowing him "both sides" and ultimately the full commission. To bury yours and submit only his would be bad. I would ask a friend if they know a local agent so s/he can pull up the details of that deal. If the listing agent is shown as both the listing and selling agent for the transaction, explore further if you like. But without a fax confirmation of when yours was submitted to the listing agent or a time/date stamp from hand delivery...proving anything will be tough. If the bank shows no sign of your offer, they'll be no help at all. Submit a complaint to CDRE and maybe they'll investigate it for you. Good luck!

By the way...if you do have a delivery confirmation for your offer submission to the listing agent, contact the bank and get the date/time details of the winning offer's submission. If they don't provide...I, personally would ask the new homeowners if they recall when they submitted their offer. Explain you're not after their home, just a little clarity.

Maybe that significantly lower offer was for cash, or details about the closure date. Who knows?

I think it will be really cool to make an offer directly to the seller. That is how my partner and I did when we moved to our home, purchased FSBO, we hired a lawyer who specialized in such matters to present the offer.

Background info on realtors wouldn't even be a question if the world were to wake up and realize that realtors aren't necessary.

Any RE agent can get this information from their search tool in the MLS. If this is in the San Mateo County & Santa Clara County, I can do it for you.

But the worst case scenario is that they lose their license. No big deal for them. They can probably just use their buddy's license to do transactions after that. They can always reapply for their license later on as well. It won't reverse the transaction and make the home go to you. Do not do it through your buyer agent. They won't help you because they need friends in the industry; not enemies.