Is Commission Owed if Offers Are Refused?

Question:  We listed our home in Gilbert for $280,000 after our listing broker told us that $280,000 would be a fair price.  Within three days we had seven offers on the home, including two offers for more than $280,000.  We were confused and upset, so we refused all of the offers.  We no longer trust…

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Honest Error Doesn’t Void Debt to Brokers

  Question: We sold a small office building in Ahwatukee Foothills just off the I-10 freeway. Under the purchase contract, we agreed to pay the commissions of both brokers at closing. During the escrow period, the purchase price was increased because the buyer needed additional time to close the transaction. When the transaction finally closed, we…

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