The Right of Sale Agreement has been signed and it states, "If a sale or exchange is made or a purchaser is found before the expiration of this listing, by the Listing Broker or by SELLER, or through any other person at the above price and terms, or for any other price and terms SELLER agrees to accept"
2006-07-06 03:30:30 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
That means you'll still have to pay the commission. They won't negotiate, Chief. Good luck tho.
2006-07-06 03:35:10 · answer #1 · answered by Quietman40 5 · 0⤊ 0⤋
You should renegotiate before you find a buyer. You could change the language on the listing agreement to read "if the purchaser is found by the owner, the commission is such and such". However, the agent might not agree to that.
2006-07-06 10:46:28 · answer #2 · answered by spot 5 · 0⤊ 0⤋
be advised that you should talk to your realtor first. they may willingly cut the commission back in order to make things work.
also, if you pull your listing and do a "for sale by owner", there is a protection period in your listing agreement, so if you do sell it to someone, the listing agent could sue YOU for the commission they're due!!!
good luck with this!
2006-07-06 10:44:24 · answer #3 · answered by thetoothfairyiscreepy 4 · 0⤊ 0⤋
Talk to your broker. He/She may be willing to take half the commission. I disagree with Jay's way of thinking to fire your realtor.... Even though he is a realtor himself, it can cause more problems than what it is worth.
2006-07-06 13:44:21 · answer #4 · answered by moeman63 2 · 0⤊ 0⤋
The only way out is to cancel your agreement a.k.a. fire your realator, and place the for sale by owner sign on your lawn. If you do decide to do that let me know and I can forward on the correct paperwork for you. james@sgacouncil.org
2006-07-06 10:35:56 · answer #5 · answered by Jay 1 · 0⤊ 0⤋