PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Can they change their minds?

Options
I recently sold my home and although my house was on the market with an estate agent (let's call them EA2), the buyer had been introduced by a different estate agent (EA1).

The sale completed last week. EA2 wrote to me saying that they were not pursuing a fee as they felt that EA1 deserved their fee and wished me every happiness for my future.

Can they later decide to change their mind and pursue a fee?

Comments

  • twirlypinky
    twirlypinky Posts: 2,415 Forumite
    No idea, but WOW that was jolly nice of them.
    saving up another deposit as we've lost all our equity.
    We're 29% of the way there...
  • FireWyrm
    FireWyrm Posts: 6,557 Forumite
    Part of the Furniture Combo Breaker Debt-free and Proud!
    Seconded. That was very nice of the first EA. I'd have it framed myself.....

    I would say that this letter is more or less your answer though...they would look pretty silly in court if they tried to claim a fee after sending you that letter.
    Debt Free! Long road, but we did it
    Meet my best friend : YNAB (you need a budget)
    My other best friend is a filofax.
    Do or do not, there is no try....Yoda.

    [/COLOR]
  • Vincenzo
    Vincenzo Posts: 526 Forumite
    I would name the EA2. Very sportsmanlike!
  • samroo
    samroo Posts: 149 Forumite
    As I read your post estate agent 2 wasn't entitled to the commission because the client had been introduced by estate agent 1. That is unless you had a joint or multiple agency agreement with both agents
  • EA 2 neither introduced or did any negotiation about it and THEY WERE MADE AWARE. The sale was done by me and me alone. The 1st EA introduced them 6 months earlier but had not been our EA for nearly 4 months.

    Naming EA 2 would be an injustice as they are not being as nice as that declaration sounds. Since the "we want nothing" email and letter they have emailed twice more and changed their view each time (at the mo it is back to "want nowt").
  • Vincenzo
    Vincenzo Posts: 526 Forumite
    EA 2 neither introduced or did any negotiation about it and THEY WERE MADE AWARE. The sale was done by me and me alone. The 1st EA introduced them 6 months earlier but had not been our EA for nearly 4 months.

    Naming EA 2 would be an injustice as they are not being as nice as that declaration sounds. Since the "we want nothing" email and letter they have emailed twice more and changed their view each time (at the mo it is back to "want nowt").

    I assumed EA2 had a sole selling rights contract with you and therefore could quite legitimately claim the fee?
  • No, not a sole "selling" but a sole "agency period".

    How could EA2 claim a fee after over a week since a "we want no fee" letter arrived?

    EA2 did not introduce or produce sale. What would this fee be for exactly?
  • Vincenzo
    Vincenzo Posts: 526 Forumite
    No, not a sole "selling" but a sole "agency period".

    How could EA2 claim a fee after over a week since a "we want no fee" letter arrived?

    EA2 did not introduce or produce sale. What would this fee be for exactly?

    It all depends on what the contract says. If a sale was agreed during the sole agency period, it is likely you are contractually obliged to pay them a fee regardless of whether they introduced the purchaser.

    I cannot comment on the letter without seeing it and whether they actually relinquished their contractual right to a fee (assuming they had one in the first place).
  • Hi Vincenzo.

    The sale was not agreed during the sole agency but it was the "6 month cool off bit" - however they neither introduced, negotiated or sold and at the end were no longer marketing my property so the 6 month bit doesn't apply to them.

    The letter title was "no Fees required" and the content of the letter said that they were not persuing any fee and wished us all the best.
  • Vincenzo
    Vincenzo Posts: 526 Forumite
    Have they asked for a full fee?

    Also did the introducing agent have a contract with you and how did they know the property was available? If no contract, no fee is payable to them.

    If the agent was aware of the availability of your property as a result of the marketing done by your original agent, this in itself could be enough to claim their fee. This is why sole agency agreements exist, to protect the agent from a scenario where a purchaser sees your property on the market and then approaches you directly.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.