Commission for agent buying home

[dblackga]

Oh, stop whining. *smack* You yourself said that you got your offer in AFTER the deadline, and you didn't seem to worried about that being "unfair" to other people who made an effort to meet the deadline. You were happy with the offer until you got greedy and said, "Gee, I should be getting MORE!"

Most agents I know would rather have a lower price on an investment property than to get a taxable commission from it.

[Silverfall]

Originally Posted by jackmichigan

But...if he guided you through the process of making an offer, how were you acting as your own agent? How did he take advantage of you? It doesn't sound as if he broke any laws...and I don't think that we know enough facts to be able conclude that he acted unethically. If 7:00 p.m. was a self-imposed deadline, accepting a later offer could have merely been in the best interests of his client, the Seller.

Well in Oregon, we have three fiduciary duties to both principals (the buyer and seller) in a transaction. We have to act honestly and in good faith. That agent's actions in Oregon would absolutely violate those duties. Then there are the issues of implied agency since the broker guided the buyer and advised her about what to write in the offer to win the house. I think you would agree that helping one buyer to write a favorable offer isn't acting in good faith to the other buyers.