![]() ![]() When it comes to residential real estate, commissions are generally earned only when the agent produces a buyer who is “ready, willing and able” to purchase the property. The Answer: Although it is impossible to definitely answer your question without reviewing the brokerage agreement you signed, it would be very unusual if a commission was earned based solely on a potential buyer agreeing to the purchase price. The Question: Does a real estate agent earn a commission simply by bringing in a potential buyer who agrees to pay the asking price? ![]() The agent is now claiming she is owed the commission since she found a buyer who offered to pay me the full asking price for my house. Since I refused to do the repairs and to wait to close, the deal fell through. My attorney forwarded a contract of sale to the potential buyer’s attorney.Īlthough the potential buyer had the assets needed to purchase my house, he insisted that costly repairs be made to the house and he did not want to close on the transaction for six months. Someone offered the full asking price for the house. The Facts: I recently listed my house for sale with a real estate agent and signed a brokerage agreement.
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