1,057,414
Yes. We had one who we worked on his property for a long time. We finally got a buyer and seller said never mind, I'm going to give it to my kids. The seller's CPA said seller was FAMOUS for doing that and had done it before with other properties. I sent them both a demand letter and told her he's not doing it to us and attorney is at the ready in case he thinks otherwise. The kids did acquire the property but we wrote it up and got paid our fee. Seller paid the costs to transfer it.
-
Bob Crane
Stevens Point, WI
-
Chris Ann Cleland
Gainesville, VA
-
Ty Dwyer
Richmond, VA
-
Sam Shueh
San Jose, CA
991,652
That's my brokers job - I've not had the issue yet
-
Jessie Cochran
Panama City, FL
4,319,773
Ty Dwyer fortunately, this has not happened to me. Checking other responses...
-
Praful Thakkar
Burlington, MA
2,684,769
Twice I have gone to court for the commission. One was a commercial deal where the other Broker tried to burn me out of my commission. The other was a high-end residential sale where the Seller decided to "keep the house" and break the contract.* I have walked from several, because the cost of filing the lawsuit + the lawyer fees was too much to risk.
-
Bob Crane
Stevens Point, WI
3,988,013
My company tends to hold to enforcing contracts. What is right is right.
-
Bob Crane
Stevens Point, WI
3,383,434
Some fights are worth picking, others are not. It may feel like we roll over a lot in this profession, but word of mouth from someone who feels they were hosed by an agent can be very detrimental.
My feeling is you should talk to your Broker about what their policies are.
-
Bob Crane
Stevens Point, WI
2,222,275
Have not had that happen so far..
-
Anthony Acosta - ALLAT...
Atlanta, GA
2,785,306
Some investor gave me Option money to purchase and changed his mind. I went to give him his money back and he said keep it. What? Keep it! I did
-
Bob Crane
Stevens Point, WI
3,071,489
In short - we don't sign contracts with clients that we don't enforce. Period.
7,870,198
634,532
I've collected for expenses a couple of times when a listing was terminated very quickly. Never a problem though so no lawyers involved.
6,424,196
Some do go after the full commission, others just collect enough to cover expenses and move on to better projects. Depends on how much is involved, if a buyer had been found, and how determined the agent was to collect.
1,625,153
You are paid when you get a closing conformation. If you are talking about an advanced commission, i think it is too risky to get money before COE.
921,504
'A full commission' would suggest more people were involved. After all, all listing contracts have a termination provision.
No, I have never collected a full commission from a buyer or seller who changed their mind.
1,242,204
In real estate the first thing is not promise anything and try not to put your own money into. The minute the seller wants to cancel it, you have no fiduciary duty. My partner had a cancellation she got some compensation as she paid for misc repair, cleaning, inspection. As for getting a "full" commission it is unheard of here in CA.
She presented one accepted offer who changed their mind after inspecting the neighborhood. Nothing wrong with home.
2,810,349
Hi Ty - The few times that has happened, we've never taken that step. Getting involved in legal disputes, and making an unhappy ex-client even unhappier simply isn't worth whatever we might gain from it.
1,093,347
1,466,257
Ty Dwyer How can you do this when you are not the procurring cause for the transaction?
823,679
3,743,474
4,800,132
216,904
I would not (legally) be able to collect a commission if I do not have a written agreement.
4,906,287