Posted by AL on December 28, 2004 at 10:09:52:
If it was left blank, it’s the broker’s loss. Your obligations end with the contract expiration.
My questions is: if you were not happy about the services of the broker, why didn’t you cancel it before? If the broker doesn’t perform, you have the right to cancel, you know.
Broker compensation after listing expiration - Posted by Amber
Posted by Amber on December 27, 2004 at 14:00:16:
I live in California. I had my property for sale and listed with a local broker for several months in 2004. Since I was not getting any serious offers I decided to end the listing and not sell the property at this time. During the listing one of my neighbors made 3 offers on my property none of which were even in the ballpark of the asking price so I outright declined 2 of the offers and made one counter offer which they declined. The property has been off the market for a month and my neighbor dropped by with another offer for the house without using the realtors. I told the guy I wouldn’t even think about it till the holidays are over and I’m not even sure I want to sell the house anymore but if I did I want to know my rights. The Residential Listing Agreement Item 4. COMPENSATION TO BROKER: has an area that addresses the issue of selling the property after the listing expires but the “within ____ calendar days” was left blank. Since it was left blank is there any default amount of time that needs to pass before I could sell to this neighbor and not be liable for the broker commission?
Re: Broker compensation after listing expiration - Posted by ~~beachboy-Ga
Posted by ~~beachboy-Ga on December 29, 2004 at 03:09:40:
If the broker was the precurring cause of the sale he can come back and ask for his commission, but he will have to show phone records, contracts, ect…