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CalAttorney2, Attorney
Category: Legal
Satisfied Customers: 10244
Experience:  Civil litigation attorney for individuals and businesses.
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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: 1 year ago.
Category: Legal
Expert:  CalAttorney2 replied 1 year 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.