How is the contract between the seller and an agent active
How long is the contract between the seller and an agent active if the property is not being listed for sale. Initially, the agent came to discuss finding a lessee for my property. However, under pressure and persuasion, the sale contract was signed, but the sellers was not sure about selling or leasing her property and said so to the agent. After two months assuming that the contract is cancelled or no longer valid, the seller hired an agent she was familiar with from previous sales who she trusted. Soon after she gets a letter from previous agent's office attorney stating that there was a bridge of contract and that the seller would have to pay to that agent her commission. Thank you.
Tina, In a dual agency representation, can the commission be
Hi Tina,JA: Where is the property located?Customer: In a dual agency representation, can the commission be split by both Landlord and Tenant in Woodbridge, NJ? My office is in Bernardsville, NJ and they won't accept the check from the tenant and from the seller. They want one check. What law is there that we can't allow this? I'm baffled.JA: Has any paperwork been filed?Customer: Yes! It closed yesterdayJA: Anything else you want the lawyer to know before I connect you?Customer: They want me to redo the contract. I can't do that now.
This is a one. ZUMPER is an online marketing company based
This is a long one. ZUMPER is an online marketing company based in San Francisco, CA. They market rental properties in large metropolitan markets.JA: Has any paperwork been filed?Customer: Recently they have switched to an online listing service from CA into the Dallas market. They do not have a Texas Real Estate Brokerage License, nor do they have legally licensed listing agreements with the North Texas Real Estate Commission. They are not registered with the Texas Real Estate Commission. They are marketing properties as a listing service (Brokerage) from across state lines, and receiving commissions from properties for locaiting properties for clients in those markets.JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: Texas. I am a licensed agent in the State of Texas. Previously they were charging me $1500 a month to list properties on their site. I would get leads, close the sale, and paid them $1500 a month to listing properties with property management approval.JA: When we are ready I'll take you to the appropriate web page.Customer: okay.JA: Anything else you want the lawyer to know before I connect you?Customer: They are charging properties a marketing listing fee, and paying on-the-ground agents a salary of $45,000 a year plus a bonus of $100 for each property closed. In addition they are paying clients $100 for using their services. Which is a violation of Texas State Law. I'm done :) I asked for a copy of their Brokerage License; Information About Brokerage Services; Texas State Consumer Protection Notice; and they have not provided that information as required by law. Thanks Pearl! :)
While living with my boyfriend of several years, we were
While living with my boyfriend of several years, we were planning on selling his home and move into a property that I have. Before we could list, I was introduced to a couple looking for a home in our price range. Boyfriend was going to list house to $385,500. I arranged for couple to come view house, cleaned and staged whole house, manicured the lawns and garden etc. Took time off work as well. They loved the house and made us an offer of the price I quoted them of $400,000. Needless to say as the sale is going through, my boyfriend broke up with me and I am no longer living there or associated with him. Should I sue for commission of sale of house?
I have a real estate legal question - can you help?
I have a real estate legal question - can you help?JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: Tennessee - but it has to do with the lot/land exclusive right to sell listing agreement, which I think is pretty generic.....JA: Has anything been filed or reported?Customer: my question concerns the paragraph lines from 30 - 39. I've terminated my agreement with old realtor and have a new one but this paragraph is confusing and old realtor told me they have 120 days to have exclusive rights to sell and would receive all the fees.....JA: Anything else you want the lawyer to know before I connect you?Customer: I think that pretty much covers it
As an agent/Broker I have received the request to withdraw a
As an agent/Broker I have received the request to withdraw a listing only 4 days after getting it ( Michigan). I also was to requested to be at the home for multiple days for multiple service people, ( a new storm door one day, new garage doors another.) To sign off on the replacements. The sellers relative has agents she wants to work with instead. I also worked on the house to help get it ready to sell spending over 20 hours in 2 days fixing up decks and windows, Now what? The listings expires in 5 monthsJA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: MichiganJA: Has any paperwork been filed?Customer: I have the standard listing contract of Liviginston County RealtorsJA: Anything else you want the lawyer to know before I connect you?Customer: arghhhhh......
I am a Florida Broker living in a community where I am the
I am a Florida Broker living in a community where I am the on site broker....my mom who is 91 lives in this same community along with my other sister. I am listed as POA in the event my mom is incapacitated. My mom just moved in with my other sister leaving her house empty. I am listing her house for sale at a commission rate of 6% which is our normal charge. My mom has agreed to sell her home, signed the listing agreement and will sign the closing papers.....she does have dementia going on which is why she moved in with my sister but she is still aware of her envirorment and is going on......will this be a conflict of interest and would charging a commission be profiting on the sale of her home as her daughter......please advise.
I talked to the attorney at the title company and the buyer
I talked to the attorney at the title company and the buyer agent and both were saying we are on target to close and nothing has changed but our agent will not return our email asking why she voided the agreement. It is a docusign agreement so the attorney at the title company said it could just be an accidentally expired docusign as it was sent 3 am in the morning but then why are is our agent not answering us with an explanation. So seems like she has pulled out, does not want to deal with us but will expect to get paid for her deal as she did not say in writing. So my questions areA. Do we have any recourse and I might think we should get an attorney now? Why do we need to pay somebody commission if she was this bad and now pulls out of the deal with no explanation leaving it up to us to deal with the buyer listing agent ourselves before closingB. If I wrote a bad review now could she do anything ? Lol! I probably will not till we are done but this is awful!B.
A realtor contacted me to inquire about our land that was
A realtor contacted me to inquire about our land that was not on the market. She said I have clients interested and asked if we were looking to sell? We were intrigued so we said yes. We wound up listing the property with her. Her clients never came through and our listing ran out. Now months later she contacted us again and made an offer on behalf of her clients. There was some negotiation and to sweeten the deal she commented (via text messages) that she would drop her commission in order to make this deal work because her clients purchased the house next door to our property.We wound up dropping our price significantly and accepting their offer with "no contingencies" But they pay all closing costs. Months went by and we finally just received the contract, and to our surprise there were two contingencies; 1) a 7% commission 2) the removal of certain items that are in the the barn.We are very surprised by this but do appreciate her bringing the offer to us. However we decided to give her a 1% commission fee and agreed to remove certain items. This was not good enough for the realtor and her broker so we are now in limbo. We really would like this deal to go through but are afraid she will ask for more commission or walk away from the deal. Another concern of ours is that they might try to get the property assessed. We had much trouble in the past with assessing this property because there is a non livable structure on it and one who is interested must pay cash as no lender would give a loan for this property. This property is 4.24 acres located in Shawnee on Delaware, Pennsylvania. It's directly across from a ski mountain and can be quite desirable for the right person.My question is do we owe the realtor any more than what we have already agreed to? And if you have any advice on how to now navigate through this messy situation. Than you kindly.