Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
What additional info do you need?
Under the title Brokers fee....It states the "Brokers fee in the case of a sale is as follows: (these are hand written in)....6% on net sales price after any sellers assist.
* A $500 payment is paid to Villager if property is withdrawn prior to 7/18/13
That is all that is noted there....
The only other info is in the standard contract that states in a later paragraph...
* Owner will pay a brokers fee after the lease ending date of this contract IF:
(1)The property is sold, leased or exchanged in whole or part within 60 days of the ending date, AND (2) the property was presented to buyer/tenant or negotiated to buy or lease teh property during the term of this contract. Owner will not owe brokers fee under the provisions of this paragraph if after the expiration of this contract owner has entered into an exclsuive right to sell or lease contract for the property with another broker at the time of sale.
Thank you... May I just as for a little more clarification?
I am thinking of ending the contract early because I feel they have conflicts in their interests and are not even remotely trying to sell the building. We have not shown, negotiated or in any way contracted with anyone else...but we have spoken with a personal friend who has never spoken with our real estate in any way...but they would like to see the building...There is nothing but casual conversation and they want to see it and have us show them...For reasons already mentioned we are considering withdrawing the contract early either way but I am concerned as to what then could happen should our friends eventually show an interest.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).