How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask CalAttorney2 Your Own Question
CalAttorney2
CalAttorney2, Attorney
Category: Legal
Satisfied Customers: 10238
Experience:  Civil litigation attorney for individuals and businesses.
71563194
Type Your Legal Question Here...
CalAttorney2 is online now
A new question is answered every 9 seconds

How after a real estate sale that did not go through because

Customer Question

How long after a real estate sale that did not go through because of financing is a seller liable to pay commission on the sale.
Submitted: 10 months ago.
Category: Legal
Expert:  CalAttorney2 replied 10 months ago.

This is a matter of contract - so your broker's listing agreement (the seller's) will tell you how long the agreement is binding for.

In most cases, the sale must occur within 6 months, but the terms and conditions are going to be specific to your listing agreement/purchase agreement. (There is not a default provision).

If for some reason your agreement is silent (it does not have a clause or condition on this), and the listing agreement has expired, and the sale is cancelled, your obligation to the realtor would end at that time.

Related Legal Questions