Moving to another Broker

[FalconheadWest]

Originally Posted by SarcasticPhxDude

The buyer can go wherever they want in theory. But if they are under contract and close on that property, the broker listed on the sales contract will receive compensation unless stated otherwise in a buyer rep agreement.

The buyer rep agreement has nothing to do with an agent's compensation if he switches brokerages. The Independent Contractor agreement says what happens to the commissions of any pending sales.

[MikePRU]

Originally Posted by SarcasticPhxDude

The buyer can go wherever they want in theory. But if they are under contract and close on that property, the broker listed on the sales contract will receive compensation unless stated otherwise in a buyer rep agreement.

A buyer is contractually obligated to remain with the brokerage if there is a buyer rep agreement in place. All contracts belong to the broker this includes buyer rep agreements, listing agreements, and purchase/sale contracts.

[49erfan916]

The buyers backed out so my agent reduced the price by 10k. It was on the market 2 weeks ago.

[TeamLynn]

What broker name is on the contract?
My thought is close it with the the current broker.

Otherwise the buyer could ask you the same question right?
Can I change agents before it closes?

Just a thought.