real estate


Question by  lillybby (359)

Do you own anything to a listing agent if an offer is made on a home while it is listed, however they back out of the contract only to return months later to offer to buy the house after the listing has expired?

I have a valid offer on my home and would like to sell it, however I am concerned that if I move forward my previous listing agent will come after me for their part.


Answer by  Devin98 (487)

Refer to the listing contract you had with this listing agent in order to discover the clause that will provide the time for commission. Typically there is a six to twelve month clause that would ensure their commission be paid for a buyer that was procured during their listing period.


Answer by  tamarawilhite (17883)

If the prior agent did not have anything to do with the home, they have no obligation to receive anything and all commissions go to the new agent who arranged the sale. Real estate agent commissions are based on who helps sell the home, not their time and effort if the sale fails.


Answer by  nekturk (139)

You probably will owe commission to the listing agent; the terms of the listing contract you signed and your state agency laws will dictate if they are owed a commission.


Answer by  Jodie (551)

You should look at your contract. It will have a specific amount of time that you cannot sell the house without owing a commission. Usually 180 days.

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