In this Knoxville Insider Issue…

🌤️ Real Estate Edition - Steps to Take When You Can’t Work with Your REALTOR
 

Steps to Take When You Can’t Work with Your REALTOR

If you've signed an agreement with a REALTOR and the relationship isn't working out as you had hoped, there are a few steps you can take to address the situation:

1. Communicate with Your Agent: If you're comfortable, the first step is to have an open conversation with your agent. Honest and clear communication can often resolve misunderstandings. Be specific about the issues you're facing, and observe how the agent responds. This will help you determine if the situation can be improved.

2. Contact the Broker: If direct communication doesn't resolve the issue, the next step is to contact the agent's broker. Brokers oversee the actions of agents within their brokerage and can often help mediate and resolve conflicts. Reaching out to the brokerage office is a helpful way to escalate concerns.

3. Terminate the Agreement: If you're unable to find a solution, you may be able to terminate the agreement. Tennessee brokerages have a mutual release agreement, which allows both parties to end the contract without repercussions. If you are terminating a listing agreement, you may be required to reimburse the agent for any marketing expenses they've incurred.

In any real estate transaction, you should expect your agent to act with professionalism and adhere to ethical standards. REALTORS are obligated to uphold these core duties to their clients:

• Loyalty: The agent must prioritize your interests above their own.

• Confidentiality: Your personal information must be kept private.

• Disclosure: The agent is required to disclose any important information relevant to your transaction.

• Obedience: The agent must follow all lawful instructions you provide.

• Reasonable Care and Diligence: Your agent must act with care and diligence in managing your real estate needs.

• Accounting: They must account for any money, documents, or deeds entrusted to them.

If any of these duties are not being met, you are justified in seeking a resolution, whether through direct communication, broker involvement, or terminating the contract.

Ask a Realtor😀 

Got questions about buying or selling? Feel free to reach out! Whether you’re curious about how to get started or want advice on maximizing your home’s value, I’m here to help with all your real estate needs.

The Real Estate Edition Issue brought to you by Barbara Newton. She can be reached at [email protected]

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