Agent CANCELED my booking:
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 Nov 16 2020, 10:20 AM
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#1
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Junior Member
194 posts Joined: Jul 2020 
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usually purchasing form/booking form will state that SPA must be signed by buyer within 14days to 21days from the booking form date else consider as void contract.
from your case, i believe it is already exceeding 21days |
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Nov 16 2020, 03:31 PM
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#2
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Junior Member
194 posts Joined: Jul 2020
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QUOTE(mini orchard @ Nov 16 2020, 11:45 AM) Buyer seller are not compel to sign snp within the stipulated date in the booking form if the terms are still within negotiation. There are SnP signed after few months from booking form date. i believe it is all about mutual agreement. as long as buyer's loan is approved, seller or agent won't border to abort the deal.Terms in SnP must be reasonable and acceptable to both and one party cannot imposed unfair terms just to void the sale purchace.  but refer to TS situation, his loan is not approved yet and exceed the time bar given, usually agent will just cancel his and refund the booking fee if there is another buyer which can fulfill the deal |
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Nov 16 2020, 04:47 PM
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#3
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Junior Member
194 posts Joined: Jul 2020
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QUOTE(mini orchard @ Nov 16 2020, 03:37 PM) Agent has NO authority to cancel a booking without prior consent from the seller. yeah, agent has no right to cancel, but, to me, agent is always the mastermind behindAgent has to obtain consent verbally from seller b4 accepting another booking. Seller might have a change of mind to sell if the first buyer opted out or he could have his own buyer and save on agent's fee. |
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