Business & Investment

My National Association of Realtors members have been quarantined after being exposed to COVID-19, but I need to find a new home as soon as possible. Will I break our business arrangements?

Dear Market Watch,

I live in Fayetteville, North Carolina, and I’m currently selling my home and trying to buy another.

My National Association of Realtors member just told me that his daughter had a COVID-19 and he had to be tested. He also said he would be quarantined for a week.

I’m busy with time and need to go out every day to find a new home. He barely answered my text and said we would solve it. what can I do?

From the bottom of my heart

Confusion in Carolina

Big movement‘Is a MarketWatch column that looks inside and outside real estate, from searching for a new home to applying for a mortgage.

Do you have questions about buying or selling a home? Want to know where the next move should be? Email Jacob Passy TheBigMove@marketwatch.com..

Dear mess,

I can understand your concerns. The real estate market is still a highly competitive market for sellers, even if it has cooled a bit from the fierce pace of sales a few months ago. In many parts of the competition, there is still fierce competition for housing.

That may be good news for you when it comes to selling your home — but you face the same challenges that many home sellers are worried about: you need to find a new place to live. .. Sure, I had multiple friends and they sold their home and decided to rent it because they couldn’t find the new home they wanted to buy.

Nevertheless, it is important for today’s market buyers to keep COVID-19 in mind and work with equality. The Centers for Disease Control and Prevention continues to recommend 14 days of quarantine for those who have not been vaccinated and are infected with COVID-19. Fully vaccinated and asymptomatic individuals do not need to be quarantined, but are tested 5-7 days after exposure and instructed to be isolated if they are symptomatic.

It sounds like the agent is taking special precautions. Alternatively, it may not have been vaccinated and may be trying to prevent the spread of the virus. I know you’re stressed, but I think it’s important to take some time to realize that he has your greatest concern. He’s doing ethical things by not getting his clients sick — needless to say, it may be a policy for his brokerage firm to take these steps to stop the spread.

At the same time, we recognize that time is important. If he is part of a larger brokerage firm, I start by contacting them to see what they can do. “Usually, in situations where these realtors get sick, it is customary for the realtor to refer the client to another competent company in the company.” Bill GussetRE / MAX Executive Realty Real Estate Associate, Hopkinton, Massachusetts.

If that happens, the new agent will be your buyer’s agent and will provide you with the same service, Gusset said.

“”“Usually, in situations where these realtors get sick, it is customary for the realtor to refer the client to another competent company in the company.”


— Bill Gassett, RE / MAX Executive Realty Real Estate Associate

You mentioned a concern about communication, it wonders if you generally had a hard time contacting your realtor while you were going to buy a home. If you are really dissatisfied with the service, you can consider switching to another agent. However, be careful. It’s not as easy as it sounds.

If you have an exclusive contract with this agent, you will find it difficult to break. In particular, if the agent has already shown you a house that you have decided to buy with another agent, your former National Association of Realtors member may have the right to a house fee anyway. there is. As a result, other agents may be cautious about working with you as they may endanger the commissions you expect to receive.

You can ask the current agent to cancel his contract. If you choose this route, you will need to send your request in writing by email and request a telephone response as well. That said, he can choose not to cancel it, in which case you will be essentially stuck. These exclusive contracts usually have a term of about 6 months. So you have to work with him or wait until you can work with someone else.

“If you don’t have a buyer’s agency contract, the buyer can decide to move on immediately with another company’s agency without waiting,” Gusset said.

My ultimate advice: If this is the only problem you had while working with this agent, give him the benefit of doubt. In the meantime see if another agent in his company can help you. If you are close to signing a contract to sell your existing home, you consider including some flexibility for yourself regarding moving or closing dates to buy yourself more time can.

Also, if you choose to hire a new agent, it is advisable to ask if you have been vaccinated against COVID-19. Unvaccinated people are much more likely to get COVID and would not want to dismiss this agent just to sign a person who later became ill.

In today’s market, scooping up a home for sale may seem crazy, but sometimes you don’t want to rush to buy a home that doesn’t suit you. I hope I can find my dream home soon by resuming my search for a home.

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My National Association of Realtors members have been quarantined after being exposed to COVID-19, but I need to find a new home as soon as possible. Will I break our business arrangements?

http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-77A3-DEB6E552E54B%7D&siteid=rss&rss=1 My National Association of Realtors members have been quarantined after being exposed to COVID-19, but I need to find a new home as soon as possible. Will I break our business arrangements?

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