Posts Tagged ‘brokerage commissions’
House Sale Commission Is Owed When a Buyer Is ‘Ready’
Question: In a recent column you said that the seller still owed the listing broker a 6% real estate commission when, the day before close of escrow, the buyer of a Peoria home said that he no longer wanted to buy the home, and that he would forfeit to the seller the $5,000 earnest money…
Read MoreCommission Could Be Due for Condemned Property
Question: We have listed our Phoenix warehouse with a local brokerage firm. Since this listing we have been informed by the Arizona Department of Transportation that our warehouse will be condemned for construction of highway improvements, but under condemnation law we are not obligated to pay a commission to our listing broker. To avoid the…
Read MoreSeller is Not Obligated to Sell, Even After Offer
Question: Two months ago, we listed our north Phoenix home for sale with a real-estate broker because we wanted to move back to Seattle. This list price was $212,000. We have had almost no contact with our broker for the past two months, but last night our real-estate broker brought us an offer for…
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