need the meaning of what is an expired listing ?
2006-10-30 05:44:29 · 4 answers · asked by deana h 1 in Business & Finance ➔ Renting & Real Estate
the real estate contract has run out but doesn't mean the place is not for sale still but you might be able to deal with the owner directly and get it cheaper as he is no longer paying a commission and he did not get his asking price
2006-10-30 05:50:18 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I positioned a equivalent clause in my contracts after handling a purchaser such as you. Unfortunately, your agent must have simply set a flat cancellation price as an alternative of tying it to "charges". She without doubt sensed that you simply could do that. You have a few outs: one million. Apologize for being so thoughtless and refer her to 5 persons you already know -- 5 persons who're severe approximately purchasing or promoting. I do not care if you're sorry or no longer -- that is your exceptional threat to get out of this deal with out paying any cash. two. Apologize and present $500 and 2 referrals. Why do I suppose you must express regret? You welshed on a agreement. You stated you could hold your residence indexed for four months and that you simply could pay for those who sponsored out. Now you are in violation of the agreement. She might not be ready to end up the $two,000 as precise charges, however she will certain end up that you simply broke the contract. A heartfelt apology is going some distance on this international. It's a discomfort to move via all the problem to record a estate, best to have any person say "Oh, not ever brain...". Yeah, it is a aspect of industrial, however you might have simply saved the residence indexed and stored everybody a few drama. As a ways because the referrals -- your agent has validated that she is a well negotiator and any person who sticks to her weapons. Remember -- she bought you to signal that agreement. That's some thing that persons wish in an agent. Giving her trade will stroke her ego and make her believe like you're no longer any such flake. She'll ship you Christmas playing cards for lifestyles for the ones referrals. You'll believe greater too. I'm certain in a few feel you believe unhealthy for breaking your contract. Doing it this manner will prevent a few cash, support proper a flawed and can make any person's day. Think approximately it...
2016-09-01 04:46:18 · answer #2 · answered by ? 4 · 0⤊ 0⤋
It means that the seller's contract with their listing agent has expired. The seller might still want to sell though-- they jsut didn't like their agent or their agent didn't realize it was expiring in time to re-up their contract.
btw-- you cannot make an offer directly to the sellerr if the only reason you knew it was for sale was BECUASE of the original listing. The owner would still be obligated to pay the realtor for a set amount of time after it expires. It wouldn't be fraudulent for you to offer, but it would be for him to accept without paying the previous agent-- becuase it was THAT agent's sign/listing that made you aware of the property.
2006-10-30 05:54:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋
the contract has run out.
2006-10-30 05:46:45 · answer #4 · answered by golferwhoworks 7 · 0⤊ 0⤋