Agent

Couple feels guilty buying FSBO

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

DEAR BARRY: Our Realtor has been showing us listings for several weeks. But last week, we found a for-sale-by-owner property and made an offer to the owner without calling our agent. Since our Realtor spent so much time trying to find a house for us, are we obligated to involve him in this purchase? --Rob DEAR ROB: This type of situation is a sore spot with many real estate professionals. Your Realtor devoted many hours to your search for a home and now will receive nothing for those efforts. Unless you have a contract with him, you are under no obligation. However, most agents feel that the time and effort they spend showing property to a prospective client warrants some loyalty. The seller in this case is clearly under no obligation to pay a real estate commission, nor is it likely that he would be willing to pay one. So there's probably no way to involve your Realtor in the current transaction. The most fair and respectful way to have handled this situation would have...