Posts Tagged ‘commission’
Listing Commission Owed When “Ready, Willing, and Able” Buyer Produced
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,…
Read MoreHouse 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 MoreIf 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…
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