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Rainmaker
3,545,433
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

"One" can do a lot of things but there may be consequences. 

Feb 27, 2018 07:08 PM
Rainmaker
786,838
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Depends on the terms of your agreement. You may ask the broker to release you.
You may have to wait until time runs out.

Why do you not want to honor your agreement?

Feb 27, 2018 06:54 PM
Ambassador
2,410,278
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Any contract can be broken.  Ask the broker to let you out.  If they refuse, see an attorney.

    Caveat:  most so-called "Buyer Broker Agreements" protect the BROKER, not the CONSUMER.   The Florida Association of Realtor contracts are a case in point:  they offer NO fiduciary relationship, unless a box is checked.        

     Consumers should see attorneys before signing any contract of any kind (seller/listing or buyer broker), unless that consumer totally understands what he/she is agreeing to.

Feb 27, 2018 07:05 PM
Rainmaker
1,432,177
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

I'm retired from active sales but here is my opinion:
Personally, if I had a client that wanted to break a contract with me I would do it in a heartbeat.  I don't want to work with someone that doesn't want to be working with me.  This would just make it uncomfortable for everyone.  Let the person move on if they want to... so I can move on too. 

My best suggestion is... ASK.

Feb 28, 2018 04:07 AM
Rainmaker
2,856,558
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

What are the terms of the broker agreement?  What does it say? 

Feb 27, 2018 07:26 PM
Ambassador
1,694,656
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Helping you find your way home.

You have to read your contract to see what the rules are regarding cancellation.

Normally, "no".  Most agencies will not simply let you out to go list with a different agency without some consequences.

Good luck.

Feb 27, 2018 07:24 PM
Ambassador
3,984,686
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It is a contract and binding but contracts can be voided by mutual agreement. Just ask.

Feb 27, 2018 07:51 PM
Rainmaker
2,531,058
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The general rule of life: All things are negotiable....go from there

Feb 27, 2018 07:45 PM
Rainmaker
5,671,084
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Follow the terms of the agreement.

Feb 28, 2018 06:24 AM
Rainmaker
1,525,573
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Most buyer-broker agreements include verbiage that defines how both parties can cancel the agreement.

Feb 28, 2018 03:18 AM
Ambassador
4,543,741
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Best to ask your broker and attny for legal questions, but I suspect that as long as all parties agree it would be fine.

Feb 27, 2018 09:42 PM
Rainmaker
4,728,783
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

It depends on the contract.  

If someone did not want to work with us, we let them go.  No point in giving ourselves a headache.  A

Feb 27, 2018 09:16 PM
Rainmaker
1,395,177
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

You can always undo a contract if all parties agree to dissolve the relationship.

Feb 28, 2018 06:30 AM
Rainmaker
657,101
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

It may depend on the area you're in and what the agreement says. The best thing is to speak with the agent you signed the agreement with. If you don't get clear answers, you can speak with their broker. In most cases, if you're already viewing homes with this agent and you purchase one of those homes, they're due compensation. I'd also suggest you consider why you want to change agents. Are they a capable agent who can represent your needs well?

Feb 28, 2018 05:43 AM
Rainmaker
3,480,869
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Read the contract. Usually they are exclusive for a set period of time. Can you cancel it, not unilaterally!

Feb 28, 2018 05:09 AM
Rainmaker
1,027,150
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Whether you are a consumer asking to be let out of a BBA or an agent who is moving to another brokerage, but the answer is the same in both cases:  the answer you are seeking should be clearly spelled out in either the IC contract or the BBA. 

As my first managing broker ussed to say repeatedly:  read the contract. 

Feb 28, 2018 05:04 AM
Rainmaker
577,089
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Not unless the Broker of Record agrees to release them from the contract.

Feb 28, 2018 04:42 AM
Rainmaker
801,030
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

From your question and your covert action I can not tell if you are a citizen seeking to end a Exclusive Buyer Agreement or if you are an agent with a buyer client wanting to jump ship and take this client with them. 

If I get it right, you are an agent (after all you are on AR)have a buyer who signed the the Exclusive Buyer Agreement.

Now you, an agent, wants to change brokerages.

The Exclusive Buyer agreement has verbiage directing the buyer how to terminate the agreement.

Jumping to another brokerage is not so easy.

Read the agent/broker contract to see what has been specified in the termination section.

If the broker has 'invested' assets in you or you have closed transactions OR you have used shared resources like the broker or franchise CRM, you need to plan your exit carefully.

Don't show your cards until you KNOW exactly what you must do and how the broker can prevent you from doing anything. The existing broker can put you out of business for an undetermined amount of time depending on how entrenched you have become.

The existing broker MUST release you before you can join another. That release can take months and involves all the details you can not see in the agent/broker contract. If you have closed any transactions, those details will include a deep review every transaction. And that is when the broker oversight becomes real as compared to 'non-existant' when you were one of the flock.

Plan carefully.

Feb 28, 2018 04:39 AM
Rainmaker
3,363,830
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

You can always ask to be released. No guarantee that you would be. Then again, if the agreement is with a brokerage visible in the community I don't know why they wouldn't release you... why would they want to be known as holding buyers hostage?

Feb 28, 2018 04:16 AM
Rainmaker
1,872,775
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Is the original Agent providing any recent services ?

Feb 28, 2018 03:45 AM
Rainmaker
486,421
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

If the agent is not performing the duties spelled out in the agreement then the agent has already broken the contract and you can move on to another agent.

If the agent told you they could not help you until you signed the agreement then you might be able to move on, but you should have it checked out with a local attorney.

If the agent made you sign the agreement in order to view the agents listing then you can probably get out of it as there is a conflict of interest.

 

Feb 28, 2018 03:26 AM
Ambassador
3,598,543
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

It all depends upon the terms of the agreement. Good luck!

Feb 27, 2018 09:24 PM
Ambassador
4,304,622
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Check with the attorney.

Feb 27, 2018 08:38 PM
Rainmaker
2,945,755
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Many good responses.

Feb 28, 2018 01:52 PM
Rainmaker
595,802
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

One should try to undo it before entering into a 2nd buyer agreement or one might owe TWO commissions to TWO buyer's agents. Contact the Broker & have a conversation with him about why you want to break the agreement. 

Feb 28, 2018 10:45 AM
Rainmaker
5,262,728
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

"undo a contract"..... that contract belongs to the broker/owner.... you're an agent for the office...and that's why your negative acts are binding on the broker/owner.... it's his call as to whether he releases that contract ....

Feb 28, 2018 09:55 AM
Rainmaker
415,979
Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

I've had a buyer who signed the buyer represtation agreement with 2 agencies AND looking in the same area.  I always ask whether buyer is working with another agent and sadly, sometimes people lie.

Feb 28, 2018 09:45 AM
Rainmaker
1,286,372
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Depends on what the contract says.  I'll defer to people with more experience with them as I don't use them.

Feb 28, 2018 09:12 AM
Rainmaker
760,647
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

The buyer "belongs" to the brokerage. You'd have to cancel contract with the buyer's consent and then sign another one when you're at the new brokerage. Check your local regs plus what's in your independent contractor contract as to how clients are to be handled in case of separation.

Feb 28, 2018 08:31 AM
Rainmaker
4,798,170
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

With the consent of the first broker they can.

Feb 28, 2018 06:05 AM
Rainmaker
3,280,167
Richard Weeks
Dallas, TX
REALTOR®, Broker

Either party can terminate an agency relationship; however like Michael Jacobs there may be consequences.

Feb 28, 2018 05:02 AM
Ambassador
1,701,567
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

One at a time.

Feb 28, 2018 04:50 AM
Rainmaker
3,062,378
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

It's wise to address this in your ICA with your brokerage so there is no question should you move brokerages...

Feb 28, 2018 04:27 AM
Rainmaker
313,249
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Read the termination clause in the contract on your Buyer agent agreement

Feb 28, 2018 03:34 AM
Rainmaker
4,432,589
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Legal question.

Feb 28, 2018 03:00 AM
Rainmaker
1,717,771
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Agree with all answers

Oct 14, 2018 03:54 PM
Rainmaker
1,273,383
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Great answsers are here.

Oct 14, 2018 03:50 PM
Rainmaker
4,260,989
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

The first has to release you.

Mar 02, 2018 01:59 PM
Ambassador
3,187,388
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

It won't follow you if you leave...

Feb 28, 2018 03:52 PM
Rainmaker
3,985,199
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Contract can be cancelled by agreement of both parties.

Feb 28, 2018 10:14 AM
Rainmaker
1,062,792
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

You sign another one with latest brokerage.

Feb 28, 2018 10:02 AM