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Posts Tagged ‘commission’

Listing Commission Owed When “Ready, Willing, and Able” Buyer Produced

By Christopher Combs | June 11, 2023

Question: In a recent column you discussed whether a listing broker was entitled to a real estate commission when, the day before close of escrow, the seller agreed with the buyer to cancel the sale of the home. You then said that the listing broker was still entitled to a commission because a ready, willing,…

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House Sale Commission Is Owed When a Buyer Is ‘Ready’

By Christopher Combs | October 16, 2022

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…

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If Buyer Defaults, Seller Still May Owe Real Estate Commission

By Christopher Combs | July 10, 2022

Question: We signed a purchase contract for the sale of our Peoria home, and escrow is scheduled to close next week.  Although we are prepared to close, we have been having second thoughts about moving to a California beach town.  Therefore, we were not exactly unhappy when the buyer telephoned us that he no longer…

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Recent Posts

  • HOA Enforcement of CC&Rs Prohibiting Short-Term Rentals Does not Require Complaining Neighbors
  • Escrow Company Required to Transfer to IRS 15% of Sales Proceeds of Real Property Sold by a Non-U.S. Citizen
  • After Father Deeds Home to Mother, the Mortgage Lender Cannot Require Payment of Entire Mortgage
  • Even if a Seller Knows Nothing about the Home, the Seller Still has to Complete an SPDS
  • If the Buyer Learns that a Neighboring Home is a Short-Term Rental Home, the Buyer Can Get Earnest Money Back

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