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Broker didn't like my offer on a prior listing of his in SC and now refuses to provided listing information???

Is this legal? Made it clear I will sign the NDA, but not willing to provide financials for a listing. Seems to be a yokel, but not sure what my rights are and what the requirements are on him. Is there recourse when dealing with unscrupulous brokers?

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Answers (4)
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Thanks Paul,
Unfortunately for the seller, he is their broker. I wouldn't have him working for me. I've been lucky to be put in touch with a good agent who's really helpful.

Oct 25, 2011
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American Business Brokers

I have to agree with Don.

I also think your best recourse is to simply find another broker to work with.

Oct 25, 2011
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Thanks for the response. I wouldn't call my offer horrendous, it was a failing franchise that wasn't well-known or executed in a compromised location. I offered double FF&E, because the location fit my needs. Not what they were looking for but more that what it was realistically worth. Thank you for the info and perspective though. I'm continuing to look for the right deal.

Oct 24, 2011
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The BAF Group LLC

As a Broker, it must have been a god-awful offer for him to treat you that way! Or he is a complete idiot.

I can only assume that he thinks your first offer was so horrendous in nature that he felt you were not serious. In more than twelve years of doing this, although I have felt jerked around by some Buyers, I have never felt the need to go to that length.

Can you do something? Probably not, unless SC licenses Brokers, which I do not believe is the case. There are laws against treating you differently from other Buyers for abridgement of your Civil Rights, but not because he feels you may not be a serious Buyer. NOTE that I am not accusing you of any wrongdoing; I have no way of judging either party. I am only saying that there would seem to be nothing that would allow you to take any serious action against him on the basis of any brokerage legalities of which I am aware.

Oct 24, 2011

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