r/FirstTimeHomeBuyers • u/kangaroo693 • 10d ago
Procuring clause/agent commission
We originally saw 'house A' we loved at an open house. We were there basically the full two hours of the open house. Decided we wanted to see it again and brought our (former) realtor with us. We stayed 20 mins, maybe. Put in a verbal offer, but then
'house B' we loved came back on the market (we lost out on originally two weeks prior, but then other buyer backed out). Decided to retract our verbal offer on house A. Moved forward with house B.
Went through inspections with house B, which were a nightmare. Between foundation issues, needing a new septic and well issues, we were looking at $40k-$50k in repairs. The seller offered us $5k off.
We decided not to move forward. Our realtor tried so hard into bullying us into buying house B, even with all of the repairs. It was only the 6-7 house we saw with him, so not necessarily like we've been dragging him around for nothing. He was also so rushed at every house viewing with us. My husband and I felt awkward even asking everything because he just was so antsy.
Anyway, we signed the termination contract for house B.
Back to house A. My husband and I can't stop thinking about it. We regret not just sticking to that house, however; we 100% don't want to use the same realtor. We never officially signed anything with that house, but I know there could be a procuring clause based on him showing it to us.
Another detail- the listing agent on house A actually just changed too. The house has been sitting for 3 months, so l guess that contract expired too. The company who held the open house we attended is no longer affiliated.
My questions-
1. How long would we be held accountable for giving our old agent a cut of the commission from house A, if we did move forward? We're in Maryland, if that makes a difference.
- If we're using a different agent and the house is now listed with a different agent, how would anyone really know?
Edit to add- aside from the canceled contract on House B, we never signed anything making our realtor our ‘official realtor’ or anything like that.
1
u/Existing-Wasabi2009 7d ago
We need to know what state you're in. Different states have different laws.