(Closed) Hey, Realtors! What’s the deal with this?

posted 6 years ago in Home
Post # 3
Member
870 posts
Busy bee
  • Wedding: September 2012

@aliavenue:  I’m not a realtor, nor do I have any familiarity with either of those lenders, but I’m buying a house right now so I have a tiny bit of insight.

Did you sign anything giving the Realtor an exclusivity deal on your house hunting process? Or sign anything with VU declaring your intent to work with them? If the answer is no to both of those questions ask USAA if they can refer a different Realtor. That will remove the conflict. (And get you a new Realtor because you really should have one that you like working with.)

If you signed something with the Realtor, but not VU talk to USAA and explain the situation. VU can’t force you to work with them unless you’ve signed something to that effect. 

 

Post # 4
Member
330 posts
Helper bee
  • Wedding: September 2011

As far as i know (from what friends have said during their housing hunt) you should be able to switch realtors when you want. they were referred a realtor who just didnt work out, so they found a new one. this all sounds very childish to me. good luck!

Post # 6
Member
1137 posts
Bumble bee
  • Wedding: September 2010

I would call USAA and explain the situation. I’m sure they have encountered this before and can give you advice on what to say to VU so that you can continue with the program.

Post # 7
Member
870 posts
Busy bee
  • Wedding: September 2012

@aliavenue:  What is the USAA’s involvement then? If they are not the lender then it seems like VU, the USAA and the Realtor could work together and it doesn’t really matter who gets the referal. The curious thing is that VU want’s you to unenroll from the USAA program which makes me think there’s some kind of conflict and you can only have one or the other, but not both. 

Maybe call VU and understand exactly why they don’t want you working with USAA. 

Post # 8
Member
764 posts
Busy bee
  • Wedding: September 2011

The reason they are telling you that you have to choose a referral is because the Realtor has to pay back those referrals. When a client is referred through a company, they take a percentage of her commission.

 

Basically, if she were to make $5000 and USAA took their cut, the other place took their cut, and then the Realtor has to pay into her office, she’d be in the hole and walk away with like $100.

The topic ‘Hey, Realtors! What’s the deal with this?’ is closed to new replies.

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