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Steve Reese

Answers by Steve Reese

1 answers · 9 pts

How can i get out of a buyers agreement?

Asked by D Thornton | Broken Arrow, OK | 04-17-2025

Steve Reese
Steve Reese04-27-2025 (11 months ago)

First, know that you are not alone. It is frustrating when the agreement you thought you made with an agent does not match what you received in writing. In Oklahoma, the Buyer Broker Service Agreement (BBSA) is a legally binding contract, but it can usually be canceled if both you and the broker (not just the agent) agree in writing. Here are your options: ✔️ Start by requesting to terminate the agreement in writing. Ask the broker (meaning the office’s broker, not just your agent) to formally release you. ✔️ If the broker refuses, review the agreement carefully. Some BBSAs have a “termination clause” explaining what happens if you want out. ✔️ Be aware of the protection period. Even if you terminate, you might still owe a commission if you buy a property you first saw with that agent within a certain time frame. ✔️ You may need to escalate. If you feel you were misled or pressured into signing under terms you did not agree to, you have the right to file a complaint with the Oklahoma Real Estate Commission (OREC). Most reputable brokers will not want to force an unhappy buyer to stay under contract. Real estate is a relationship business, and no good broker wants a client who feels trapped. At the end of the day, you should work with an agent who listens, communicates clearly, and honors what was agreed upon. If you need more resources, the Oklahoma Real Estate Commission offers consumer guidance at http://orec.ok.gov.