Real Estate Law

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I'll be back later with a question. Thanks you. My husband
My husband and I own a commercial property that we have had for sale by owner as our LLC. A broker who owns his own company made us an offer which we accepted; however, he's charging us 3% commission to bring himself as a buyer. WE have a contract but the more we've thought about it we feel like this is unethical. His fee is a substantial amount of money that we'll have to pay. We were going to close this week but now my husband and I have strong reservations. What are our rights and is the broker within his? … read more
Lucy, Esq.
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In the state of NJ. I went into contract with a broker
In the state of NJ. I went into contract with a broker mid-January 2019 to sell my home. He did not list the home until mod February 2019. It was listed for 1 week. I now do not want to use this broke… read more
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I am a real estate agent in Florida. I showed a property
I am a real estate agent in Florida. I showed a property yesterday to my buyers. While we were there, the seller showed up. Before I knew it, they were talking about the right price they would accept … read more
Ray
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My son is being told he has to pay both the sellers broker
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I just enter into a situation that I need to get out. I
i just enter into a situation that I need to get out … read more
Barrister
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In the state of ohio, does an real estate agent have to have
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MY QUESTION IS,OR QUESTIONS? WHAT LAWS OR ETHIC'S IF ANY WOULD A RELATOR IN TEXAS BE
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Ray
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Does a buyers agent in Georgia need an exclusive agreement
Does a buyers agent in Georgia need an exclusive agreement to work for a buyer? Should I sign one? My husband doesn't want to but I want our agent to work for me and not the seller. We have a skype me… read more
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When selling building lots in Florida by doing a double closing,
When selling building lots in Florida by doing a double closing, is it mandatory to disclose upfront with the client that we are doing this procedure? Why should I reply to my client who had a bulk pu… read more
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Signed agreement to sell a vacant land, as is, no contingency
Signed agreement to sell a vacant land, as is, no contingency specified. The Buyer had 30 days to complete all Investigations, and "Deliver to Seller either (i) a removal of the contingency, or (… read more
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Background..Recently sold my home and used a local Remax
Background.. Recently sold my home and used a local Remax office and agent in Texas. This is a small agency with about 5 agents working out of the same office. I put my house up for sale on a Monday a… read more
Jack R.
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Good Morning, I have approx. 4.6 acres of undeveloped land
Good Morning, I have approx. 4.6 acres of undeveloped land in northern Colorado I would like to sell. I've got in touch with a real estate agent who will charge 6% commission. However, during our thir… read more
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Im selling property in Hawaii and the Broker and agent want
I'm selling property in Hawaii and the Broker and agent want me to include the Dual Agency Consent Addendum as a condition to sell. Hawaii does allow this, however does not offer any State forms or pr… read more
A-LEGAL-MIND
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We entered into a real estate listing agreement in Colorado
We entered into a real estate listing agreement in Colorado for a 6-month period ending Nov 12, 2010. The agmt had a 60-day holdover period. Commission provision from listing agmt: 7. COMPENSATION TO … read more
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In Colorado, may an out-of-state Listing Broker receive a brokerage
In Colorado, may an out-of-state Listing Broker receive a brokerage fee from the Seller if the property ends up being sold to a Buyer who had previous negotiations with the Seller?… read more
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we had a buyers agent to help us find a home in az. After
we had a buyers agent to help us find a home in az. After he and his partner showed us many homes, know our finanical situation, they show us his own home "our buyers agents" home. we like it we close… read more
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is it possible in todays market to put an REO property under
is it possible in today's market to put an REO property under contract and assign it to someone else before closing and only put $500 down for earnest money?… read more
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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).

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Meet the Experts:

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Barrister

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21 years real estate, Realtor. Landlord 29 years

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I have 30 years legal experience. Additionally, in CA I held a Real Estate Broker's license.

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Qualified attorney in private practice including business, family, criminal, and real estate issues.

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P. Simmons

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LawyerWriter

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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).

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