What is the name of your state (only U.S. law)? Texas
We put a bid in on a house less than a week ago, knowing the sellers family well, the mother of the seller informed us we had the highest bid so far. We signed an agreement with the broker (whom was also the sellers rep) with a closing date of 4/15, and put down earnest money with the title co on Tuesday 3/15.
Later that day, the seller's mother called to inform us, the broker was not acting in our best interest and lied to the seller stating we couldn't get funding so he should go with the previous offer. Our banker was out of town (spring break w/family) for a couple of days so we had to wait for him to get back. I am not sure if the broker wanted to get her commission in sooner, or if she has a friendship with the other buyers, or why in the world she would have done this.
Our banker returned to work this morning, 3/21 we had an appt to meet with him, and the seller's mother called us to say the seller went with the other offer because the broker called him continuously to tell him he should hurry and take the other offer before they withdrew. The broker never once called to update us on the progress of the deal. When my husband would call her, she said she was still waiting to hear from the seller. After receiving the call from the sellers family this morning, my husband went to the brokers office to speak with the broker about her unethical business practice & retrieve our earnest money. The receptionist claimed the broker was out of the office. The broker called our home after a bit and stated she was in her office now and would speak to my husband. Upon his return, the receptionist handed my husband an envelope that held our earnest money check, and a signed faxed copy of a txt message from the seller dated 3/18 saying they went with the other offer. If the action was not coerced by the broker, I believe we would have been let known Friday 3/18 that the seller decided to go with the other offer.
This property acquisition was a commercial investment for us. I believe she cost us a great financial opportunity by falsely representing our finances to the sellers. I have since heard from several people in the community that she has for many years had unethical business practices such as this for many years. Is there any action I can take besides just filing a formal complaint with the TREC?
We put a bid in on a house less than a week ago, knowing the sellers family well, the mother of the seller informed us we had the highest bid so far. We signed an agreement with the broker (whom was also the sellers rep) with a closing date of 4/15, and put down earnest money with the title co on Tuesday 3/15.
Later that day, the seller's mother called to inform us, the broker was not acting in our best interest and lied to the seller stating we couldn't get funding so he should go with the previous offer. Our banker was out of town (spring break w/family) for a couple of days so we had to wait for him to get back. I am not sure if the broker wanted to get her commission in sooner, or if she has a friendship with the other buyers, or why in the world she would have done this.
Our banker returned to work this morning, 3/21 we had an appt to meet with him, and the seller's mother called us to say the seller went with the other offer because the broker called him continuously to tell him he should hurry and take the other offer before they withdrew. The broker never once called to update us on the progress of the deal. When my husband would call her, she said she was still waiting to hear from the seller. After receiving the call from the sellers family this morning, my husband went to the brokers office to speak with the broker about her unethical business practice & retrieve our earnest money. The receptionist claimed the broker was out of the office. The broker called our home after a bit and stated she was in her office now and would speak to my husband. Upon his return, the receptionist handed my husband an envelope that held our earnest money check, and a signed faxed copy of a txt message from the seller dated 3/18 saying they went with the other offer. If the action was not coerced by the broker, I believe we would have been let known Friday 3/18 that the seller decided to go with the other offer.
This property acquisition was a commercial investment for us. I believe she cost us a great financial opportunity by falsely representing our finances to the sellers. I have since heard from several people in the community that she has for many years had unethical business practices such as this for many years. Is there any action I can take besides just filing a formal complaint with the TREC?
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