is it unethical to cut out your realtor when you buy a for sale by owner

This Questions was in my Search Terms Today. This is a Good One. I have more information on this site and others about this topic. Just know this You have More Rights then your Realtors tells you that you have.

If your Realtor Forced or talked you into signing a Buyers Locating agreement / form of some sort that you would work "Exclusively" with them, then you are kind of out of luck. This is a SCAM, in my opinion that accreditated Buyers Agents (Realtors) run on the real estate consumer. They make you sign this agreement saying it is the law and what gives them the right to represent you, and in a way it is. State Laws, where I live say you must have this form so the buyer knows you have entered inton an agreement with them before you show them property. Most Realtors use this as way to tie, you the Real Estate Buyer to them no matter what you buy, this is UnEthical and Unfair.

So DO not Sign an Exclusive Agreement that you will work with only one Buyers Agent, otherwise this ties you to them whether they do the job you want or expect of them. The form you do sign should, in my opinion be non-exclusive or only for a certain property, or set of properties you seen that day - meaning if you buy one of those then they are your Buyers agent otherwise your Free to Do as you Please.

The Buyers Broker Form - Locating agreement or whatever it is called where you are may also say something about you paying commission, don't sign it. And in fact, add a clause that says if I find my own FSBO and I close on this FSBO you, the Broker of XXX Realty get no commission. Add to this form anything you like, you have a right, I am not giving legal advice of ANY kind, however it is my understand that you, the real estate consumer are a party to the real estate contract and can make any changes you like BEFORE all parties sign.

I saw a guy, a Real Estate Broker owner tie his Client to a Buyers Broker agreement that promised his 4% commission, my seller was offer 4%, so either the Buyer or my Seller had to pay this extra 1% on a multi-million dollar deal. This is extoration in my opinion, but hey, my Seller wanted the deal so they paid. NEVER lock in no matter the game. Each deal SHOULD be based on individual properties and the work the agent actually does for you.

IT is NOT unethical to CUT the Realtor out if you find a FSBO. If lots of time and gas money were spent, it may be curtious to reimburse the Realtor, however, if you found the FSBO and they did not find it for you, then they were not working hard enough on your behalf. And as far as Ethics, Consumers don't have to abide by Ethics, Consumer have to act within the Law. Realtors are not held accountable for Ethics and you certainly will not be.

Yes be respectful of your Realtor and the time they put in, each case is different but in general that answer to this is NO it is NOT unethical to CUT your Realtor out if you find a FSBO without tham. HOWEVER, If the REALTOR showed you the FSBO, pointed at it, told you about it... then yes it is WRONG to cut them out...
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