Seller who reneges?

Question

If a seller signs an agreement with a realtor and realtor provides a seller who is ready, willing and able to pay asking price, but seller chooses not to sell, is the seller still responsible for realtor's commission?

Answer 1

It will depend greatly upon the terms of the sale, and who had agreed to pay this commission in the first place. Also, why did the seller not follow through?

It's a contract. EVERYTHING is negotiable.

Now, should the seller go 'behind the agent's back' and sell to a prospect that the agent provided... then that agent will definitely have recourse and will get paid.

Best wishes!

Answer 2

Not only is the seller responsible for the Realtor's commission, the buyer can sue for specific performance and force the sale as well as recover damages from the seller. Damages could include moving and storage costs due to a forced move, lost profits on the sale to a third party, attorney's fees, etc.

Answer 3

in the absolute, yes. But it will be your burden to demonstrate the ready, willing and able buyer, now if you are telling me that had singed contract, went threw the inspection process, mortgage approval and seller backed out you have a very good case

if on the other hand no contract ever signed, never go out of attorney review, no inspection yet buyer must be willing and able to buy at all the conditions outlined by the seller, can not modify based upon inspection, then would be an up hill battle to prove your burden

Answer 4

In most places yes they are and if he signed a contract to sell to that buyer he can't weasel out of that, either.

Answer 5

Yes without a doubt

Answer 6

In my state (NC) yes. Trouble is, you probably have to sue for it, and that might not be good public relations.

Answer 7

Not in California.