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Recent Listing Agreement questions

Can a buyer go to an open house and decide they like the

can a buyer go to an open house and decide they like the house write an offer up to purchase? obv you cannot receive commission without a license but can you write an offer to the seller taking the 3% out?JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: nevadaJA: Has any paperwork been filed?Customer: noJA: Anything else you want the lawyer to know before I connect you?Customer: nope

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

51,304 satisfied customers
I am buying a real estate property (residential house). I do

I am buying a real estate property (residential house). I do not have a sellng agent and found the property myself. I know if I would have had the selling agent then this selling agent would have been entitled to 3.5% fee from the seller. Since I do not have the selling agent -- can I negotiated with the listing agent for this 3.5% (because if I do noting the listing agent would get full 7%). For example, can I specify in the contract to purchase (or some other agreement) that if there is a gap between my offer and the seller counteroffer -- the listing agent would be obligated to come up with up to 3.5% of the selling price to bridge the gap? Or are there any other legal ways for me to get some benefit in getting the % from the listing agent because I am doing the purchase without the selling agent?

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Bruce Schreiber

Juris Doctor

36 satisfied customers
What do you know about Exclusive Seller Listing Agreements

Hi what do you know about Exclusive Seller Listing Agreements for Georgia? My son decided not to list house at this time ~ he never met with my friend Tracy who is now the Broker but sent one of her agents MiMi over with a contract and had them sign listing agreement written on it 90days TBD because it was about timing for kids in school. On another note they pressured my daughter in law Misty to have stager come the next day to give advice, then said she had to deal with Carol for house hunting and wanted another contract signed ..... long story short Misty was comfortable with the pressure as well as not even a phone call from Tracy to introduce herself. I told Misty if she was uncomfortable just send Tracy a letter of termination that you are uncomfortable and no plans of listing at this time. So Tracy told her usually it is $1095 to terminate contract but that she prorated to $175 for her daughter to come out to give a 45min consultation??? I have the contract very basic but she has her own attached addendum on it that reads.... Cancel Guarantee: must ask in writing and if we can't resolve the issue in 48 hours we will unconditionally release you blah blah blah So Misty has written another email to her but before she sends it I wanted to make sure Misty is within her rightJA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: Georgia as I mentionedJA: Has any paperwork been filed?Customer: noJA: Anything else you want the lawyer to know before I connect you?Customer: can i email contract to view the addendum

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Loren

Juris Doctor

41,366 satisfied customers
1.) There is a short sale. The mtg was 1200K but the listing

1.) There is a short sale. The mtg was 1200K but the listing was reduced to 700k, There are junior liens that will not get paid. The brokers are so worried about clearing title, that they want the buyers to produce more money and will negotiate with the junior lien holders to release. I didn't think the buyers could make side deals without making the purchase price higher and without involving the bank with a higher new offer and without paying a new commission and without writing a different offer. Am I correct?2.) The was a first offer for 600. The bank appraised at 500 and accepted the offer but the buyers failed to go to contract and the terms expired. I want to write the 1st offer people that their contract is not valid. Then, I want to send letter to bank saying that I no longer agree to the 1st offer and want to submit a different offer. There are 4 other offers. One offer went above listing price at 800k and came with a nice letter saying that they would not change the architecture of the house. The brokers are resisting me because they are friends with other brokers. Can I write the broker to remind her that she signed a contract with me that makes her my agent that she is bound to represent me? Is she? If so how?

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Ray

Lawyer

Doctoral Degree

40,458 satisfied customers
If a listing contact expiration date is August 30th, and a

If a listing contact expiration date is August 30th, and a sales contract comes in on August 29th with a closing of September 30th, does the listing agent need to extend the listing contract to the closing date?

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Loren

Juris Doctor

41,366 satisfied customers
Family trust selling apartment complex in Northern

Family trust selling apartment complex in Northern California (San Mateo County). Beneficiaries interview and negotiate with the RE sales people and come to very clear listing agreement and commission terms. CA Commericial RE sales person agrees to a 3.25 dual agency with a 20 percent credit given back to the seller (The Trust) at closing. These commission terms are writing via several emails and discussed on conference calls with all beneficiaries. Trustee is instructed to sign listing agreement with chosen agent. Unfortunately, she signs a listing agreement that states 4 percent in dual agency. Beneficiaries never see signed listing agreement.Property goes on the market. Three offers come in through the agent. He is dual agent on all.Offers and counter offers don't state commission split, but do include dual agency disclosure. Closing statement shows 4 percent commission of 198K charged. Family who negotiated with the broker is upset and asks him to honor the 3.25 percent. Agent says he wants to stand by the listing agreement the Trustee signed even though all agree the emails clearly state 3.25 was the commission. At this point, the Trustee hasn't signed and the deal is stalled. Does that family have any recourse here? We want to sell the property, but the commission and a few other errors are making 3 of 5 beneficiaries want to cancel the deal.

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Ray

Lawyer

Doctoral Degree

40,458 satisfied customers
I am a new real estate agent in California. I am looking

I am a new real estate agent in California. I am looking form for RLA & RPA every step from the first to closing that needs to be completed with a time table

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260 satisfied customers
I hired a realtor to sell a house with 6% comission. If I

I hired a realtor to sell a house with 6% comission. If I have a buyer, do I have to pay the full commission or can it be cut to 3%?State: PA

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Loren

Juris Doctor

41,366 satisfied customers
I live in Rockford IL/ My father has been away and has condo

I live in Rockford IL/ My father has been away and has condo thta I need to sell. He had a will and I'm his executor.JA: Has any paperwork been filed?Customer: I filed the will with the county...that it. Winnebago countyJA: Anything else you want the lawyer to know before I connect you?Customer: Not that I can think of....

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Richard

Owner

Doctoral Degree

49,038 satisfied customers
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