If you are asking the question Can I Fire my Buyers Agent it likely means your existing relationship is not going well. The first question is should you, then can you, then how to. First let’s go back to when you hired your buyers agent.
Jump Forward To:
How Did You Hire Your Buyers Agent?
When you first decided you wanted to buy a property you may have found your current agent by any of the following methods:
- Referral from relative or friend.
- They are a relative or friend.
- You went to one of those large real estate portal sites and filled in a form.
- You researched online for an agent that worked in the area you want to buy in.
- They might be the listing agent for your current house, condo, town house.
- You went to an open house and are working with that agent, or more from other open houses.
It doesn’t really matter how you found your buyers agent, it’s a relationship with two sides and doesn’t always stand the test of time. Corinne suggests you explore this question:
Why do you want to fire your agent?
- Are they not available to show you homes at the drop of a hat?
- Do you sense a lack of enthusiasm?
- Did you meet another agent who said they can help you?
- Your questions are met with questions rather than answers.
- You are already using multiple agents. (Listing Agents)
These are just a few examples and I would like to think that number 1 and 3 are not reasons you want to move on. 2 and 4 would be more realistic reasons. As for number 5, well we can talk more about that too.
The first thing to do is talk to your buyers agent!
Let him or her know how you feel. Let them know the reason you are not happy and ask if they can address your issue.
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Let’s Look At These Issues
Agents cannot always be available on short notice. To make a living in real estate we juggle more than one client at a time and we too have families and need some down time and days off. So don’t be too hard on your agent if you have to wait a day or too. It’s not a good reason on it’s own to fire your buyers agent.
What about that lack of enthusiasm? If your buyers agent just does not want to show you homes then perhaps it is time to say goodbye. If on the other hand you have been looking at homes for years, perhaps you are contributing to the lack of enthusiasm. Have a chat! Let him or her know your intentions about buying. Your buyers agent might decide it’s time to part company.
You’ve been wooed by another buyers agent? The truth is any REALTOR® with whom you want to have a relationship is required to ask you first if you are working with any other REALTOR’s. If you answered yes they should NOT be wooing you unless your existing relationships are all ceased. It’s in our Code of Ethics. Also consider how much work your current buyer’s agent has performed with absolutely no compensation for their time, working expenses, gas. It’s not fair to jump into bed with someone else just because it’s convenient to you.
Your Buyers Agent is Not Listening to You. Do you find that your questions are met with objections or questions rather than suggestions and answers? This can certainly seem like you are headed into that never ending argumentative situation. It’s like two kids, neither will give way. This is not a healthy relationship and yes I think you would both be wise to end it, sooner rather than later.
You are Already Using More than one Buyers Agent.
We know buyers often do this and it isn’t your fault. It’s the fault of those agents for not explaining to you how the Law of Agency works in Illinois. How are you supposed to know. This applies if you have been cruising open houses and leading the listing agents to believe you are an available buyer with no one helping you. You could end up with several buyers agents trying to help you.
So I suggest you pick one and fire the rest. Let them all know why. You’ll be much better off with just one buyers agent.
There are good reasons to consider firing your buyers agent and not so good. At the end of the day what you need in your agent must be matched by your agents skills, time availability and expectations.
Can I Fire My Buyers Agent?
The simple answer is yes. The longer answer is maybe. First how was your relationship created? Was it verbal, do you have an agreement in writing? Did your agent let you know you have a formal agreement or a handshake agreement. What were the terms of your agreement, will you owe any payment? In most instances, whether verbal or written, it’s not difficult to end your agreement. Whether you need to let them know verbally or fill in a form, most buyer agency agreements can be canceled. Most buyers agents will agree with your request if they know you are not happy.
How Should I Let My Agent Know?
Formally is the best answer. Call and talk to them, send an email or formal letter. Just don’t let them hang wondering why you are not responding to their calls or emails.
Hiring Your Next Buyers Agent
Assuming you are still in the market to buy a home, consider the issues that caused you to fire your REALTOR. Do you need patience but they were pushy and not patient. Were they so busy doing open houses at weekends they never had time for you, but you needed to look at homes on weekends. Do you want a full time experienced agent or are you OK with a part time weekend only agent?
Write down what you need in a buyers agent, then start interviewing. Read our online guide to buyer agents.
We are happy to be interviewed by you as a potential buyers agent. We’re happy to answer all your questions. You can also read our blog and learn more about us through the content of this site. If you think we might be the right buyers agent for you, give us a call at 1-847-363-3686 or fill in our form and we’ll contact you.
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