In other words, they did not list the property.
2007-12-02 03:33:38 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
If you haven't signed a listing agreement with the agent, then you owe them nothing. However, if you'd like to have an agent handle the closing details, many will help you for a flat fee or much lower commission. Around $1000 should be enough to get them interested. Congrats on your sale!
2007-12-02 05:11:48 · answer #1 · answered by Sanford Rosser 2 · 0⤊ 0⤋
Without a ratified (signed by you and the broker) listing agreement, the commission owed is $0.
If you have a ratified listing agreement then you owe the broker ALL of the amount stated in the agreement.
This assumes that you didn't have a prior written agreement for research with the broker.
2007-12-02 04:38:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Without a valid listing contract, the commission rate is ZERO. As a gesture of gratitude, you might want to send the agent involved a nice gift with a thank you note for the work they provided to assist you. However, no commission can legally collected without a contract specifying same.
2007-12-02 03:54:18 · answer #3 · answered by acermill 7 · 1⤊ 0⤋
You owe them nothing.
Listing contracts, that are verbal, are not valid in ANY state.
I often provide market data to perspective clients if they have a home I want to list for free, even if I haven't met them.
2007-12-02 06:07:56 · answer #4 · answered by Expert8675309 7 · 0⤊ 0⤋