On Sun, 01 Feb 2004 16:44:56 GMT, (v) wrote:
IMHO you really really muddied the waters badly by "employing" this
agent in any way involving your friend's house. People do not
normally "employ" brokers in that way.
The house that the broker did not find, the broker should never have
set foot in or been asked an opinion about, or involved in offer or
appraisal of. I believe you should indeed pay something because you
did bring the broker into the transaction.

Wow, these seem to be great points.

IMHO you really really muddied the waters badly by "employing" this
agent in any way involving your friend's house.

Yes, I think I'm coming to this conclusion. I believe I made a big
mistake on this one. I guess I would have hoped that an experienced
agent would also be aware enough to help me/us avoid such a mistake,
too. I chalk one up for learning the hard way. Doubly so because
there was no written agreement.

But what, indeed. I say $1500 as full satisfaction, send it on those
conditions and see if he accepts it or has the nuts to send it back.

Ok. I've been working on numbers in my head ranging from $500-$1500.
It's interesting that you also came up with $1500. If you can share
how you came up with this number, I'd be very appreciative...but alas,
you all aren't getting paid by me to do this analysis, either.

Something to note he Part of my "intent" (for whatever that's
worth) was to allow this agent to evaluate the initial property (the
one I'm planning to buy) so that he might apply his knowledge and
experience to help me decide on the spot of it's a good enough
situation to do the deal on the spot. I'm partly disappointed that he
decided to direct me to look at other places only to come to come to
the conclusion, along with me, that the original place was indeed the
best for me. We could have saved each other a lot of time. But alas,
it might have been a hard decision to make for either of us without
better knowledge of the market. Furthermore, I guess I can't blame
the agent for seeking other properties for me in order to get more
money in is pocket by getting a full commission if he were to find me
a place that I bought through him. It's the way he gets rewarded, so
I can't argue with that.

-Matt
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