Anyone have any dealings as a buyer's agent for Auction.com?
I was asked to represent an out of state buyer on a contract for Auction.com. I do work for this client on a routine basis. I was to be paid 1% and I signed the contract as the brokerage for the selling side. I was sent several emails by the title company giving me the impression that we were on track to close and that I was certainly representing the buyer. I received the hud statement and noticed that my brokerage was not on the hud. I addressed this with the title company three times by email why my brokerage was not showing on the hud as the selling brokerage, all it stated was that the selling brokerage was out of state and it was not the amount that I was supposed to get.
Finally I received an email from the title company stating that the closing instructions did not state that I was receive a commission and it was my job to contact Auction.com. HUH? The hud had supposedly already been approved? REALLY?
I sent the person at the title company an email back stating that per contract agreement I was supposed to be paid a commission and regardless of closing instructions the Hud was not correct.
I called the buyer's representative who said she would get a hold of someone at Auction.com and I also called the person from Auction.com who originally contacted me for the contract. He said he would get a hold of the closing department at Auction.com to try to get this straightened out.
One of my agents told me that Auction.com is notorious for stiffing agents and not paying them a commission.
I have worked with them as a listing agent. but the title companies were on top of it and I did get paid.
I have had problems with this particular title company, it is one of those out of state title companies that seems to be impossible to get anything done correctly.
I am totally flabbergasted that this has happened and I am not sure what to think.
I am going to wait until tomorrow to see if this can be resolved, but if it is not, I may need to seek further action.
Can someone let me know if I am out of touch to think I am going to be stiffed and what would my options be other than legal counsel? I do not want to get out of favor with my client, but on the other hand this is just flat out wrong. I feel like I have been had.