Posts Tagged ‘commission’
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 More
If Buyer Defaults, Seller Still May Owe Real Estate Commission
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…Read More
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…Read More