Hi there. I have my home listed for sale with a broker and then had a buyer see the for sale sign and called them about my home and nobody called them back. Ironically enough, the wife of the potential buyer couple, told her friend Margie, at work about this particular home and Margie tells her that the house is my house and that we are friends. They then find out from me, I had a signed contract with another couple who decided to change something in the contract that I didn't agree with, so I didn't sign off on it..so it was a null and void contract. Due to that fact, my friend Margie calls me to say that this couple is willing to offer me
$5,000 above what I was being given by the other couple, plus I wouldn't have to pay the closing fees like the first buyer wanted me to do. I then called my broker and told him to call this couple and get them in to sign a contract after they take them to see the inside of my home (they had seen the pictures only so far and had driven past the house and loved it). My broker then pulls up the contract with the new buyer after telling the first buyer I wouldn't sign the new contract and didn't want their deal. In the process with speaking to the second buyer, who was giving me a much better deal, the new buyer didn't like something my broker said or did on the contract, plus there is a tenant in my house and I hadn't had confirmation from them yet that they could find a new place to rent in time for this new buyer to move in after closing. That made this second buyer nervous, so they didn't sign a contract. This was all unbeknownst to me that all of this occurred until the wife of the second couple, called my friend Margie, who then called me. I then called the broker and told him that I was going to call the second buyer myself and speak to him about my tenant finding a place to rent as of April 1....which would work out great since we weren't going to close the deal until April 15. I called the buyer and he said that my broker had offered to represent them and that my realtor who had listed the house could represent me. This made the buyer suspicious, so he told me on the phone... and said that my broker was trying to keep the entire commission in his office and was double dipping. I was under the impression, that if my broker listed my house and sold it through his advertisement from his company, that he would collect the entire commission that we had agreed upon as seller and broker. This new buyer states that the broker is not able to collect more than 3% on his end if he is the only broker involved in the deal. Please tell me if my agreed upon total commission was going to be 5%, doesn't my broker get the entire amount if he lists and also sells the property from his own company? The buyer said that that wasn't so...and the broker could only charge me a maximum of 3% and I think the buyer is wrong about that...am I right? Thanks, ***** ***** this was convoluted and I apologize, but this is the way it all happened. My broker, however, tried to discourage my buyer from using his own realtor and that is what scared my buyer more than anything....he thought he was not doing right by me or him by trying to keep a second broker out of the deal. What do you say to this? Vicki Schenkel
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