Does a agent get a commission reguardless of inactivity? There is a exclusive listing so, does that mean they get 10% no matter if they find a buyer or not?
2007-05-22 09:58:22 · 2 answers · asked by Victoria 1 in Business & Finance ➔ Renting & Real Estate
No. The success fee only applies if a buyer is found for the property and you accept an offer. The only exclusion to that is if they find a buyer willing to pay exactly what you have asked for (or more) in terms of price, and then you refuse the offer. This is called finding a 'ready, willing, and able buyer', which is what you paid them to do. If they have done their job and you refuse to sell, you still owe them the commission for their work and effort.
2007-05-22 10:25:33 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
10% is too much, 6 is standard, they are ripping you at 10. No, they only get paid with a sale.
2007-05-22 10:34:20 · answer #2 · answered by Ed 1 · 0⤊ 0⤋