Entitled to Commission? We submitted a signed offer...

This is a discussion on Entitled to Commission? We submitted a signed offer... within the Other Real Estate Law Matters forum, part of the REAL ESTATE & PROPERTY LAW category; We were told by the owner of an apartment building that he had no listing and we would be able ...

Consult Your Own Personal Lawyer Now!
Reply  POST NEW QUESTION

 

Thread Tools Search this Thread Rate Thread Display Modes
Old Jul 31st, 2011, 12:58 PM   #1
Junior Member
Country:  
Michael S's Flag is: United States
 

Michael S's Avatar
 
Join Date: Jul 2011
Posts: 2

Confused Entitled to Commission? We submitted a signed offer...

We were told by the owner of an apartment building that he had no listing and we would be able to represent him by selling it if we were to bring a buyer too. We submitted a signed offer which gave him everything he wanted except he thought the commission was too high. We told him we could lower it, but he rejected it anyway. This is all documented in writing, including us representing him, and him rejecting the offer.

The buyer in the buyer’s offer for the property was his name plus “et al”. An now one of his associates is in contract on the property on the same terms we already discussed with some other agent (a separate agent for buyer and seller).

Here are my questions:
  • What, if any, recourse do we have to get our commission?
    • Would it be from the buyer since one of his associates are using another agent on the property we told him about and we included “et al"
    • Would it be from the seller who took our buyer and is making a deal with another agent?
Any other help you can give me would be great. Thank you.
Michael S is offline   Reply With Quote
Sponsored Links
Forming an off-shore company? We can assist you in forming your company in 40 countries worldwide.
Old Jul 31st, 2011, 01:42 PM   #2
Top Level Member
 
AFFA's Avatar
 
Join Date: Dec 2009
Posts: 12,610

Default re: Entitled to Commission? We submitted a signed offer...

I wish to inform you that you are entitled to commission. In this regard when when buyer and seller are dealing on same terms by eliminating you then they have breached agreement. In this the agreement was said to be denied to you but as the parties have acted in accordance with the agreement thus you may claim commission. In this you may claim the amount from the parties on the ground that they have said no to you in order to avoid your commission but have got unjust enrichment from your work. The new agent is only a method to not to pay your commission.

AFF
AFFA is offline   Reply With Quote

Did you find this post helpful? Yes | No
Old Aug 1st, 2011, 10:19 AM   #3
Top Level Member
Country:  
Friend In Court's Flag is: United States
 
Friend In Court's Avatar
 
Join Date: Apr 2011
Location: Florida
Posts: 6,794

Default Re: Entitled to Commission? We submitted a signed offer...

Quote:
Originally Posted by Michael S View Post
We were told by the owner of an apartment building that he had no listing and we would be able to represent him by selling it if we were to bring a buyer too. We submitted a signed offer which gave him everything he wanted except he thought the commission was too high. We told him we could lower it, but he rejected it anyway. This is all documented in writing, including us representing him, and him rejecting the offer.

The buyer in the buyer’s offer for the property was his name plus “et al”. An now one of his associates is in contract on the property on the same terms we already discussed with some other agent (a separate agent for buyer and seller).

Here are my questions:
  • What, if any, recourse do we have to get our commission?
    • Would it be from the buyer since one of his associates are using another agent on the property we told him about and we included “et al"
    • Would it be from the seller who took our buyer and is making a deal with another agent?
Any other help you can give me would be great. Thank you.
If you can document when you showed the property, the date of the offer and now one of his "et al" associates substituted as buyer, you are entitled to your commission. Your position would be stronger if you had a signed listing agreement, even if an open listing. In order to collect an exact amount of commission you would need to prove that you and the seller had a meeting of the minds as to how much you would be paid.

But if you can prove you were the procuring cause of the sale, introduced the buyer and his "et als" to the property, you have a leg up on collecting your commission. I would recommend you seek the advice of a real estate attorney and if you are lucky enough to have one in your community who has represented the MLS or Real Estate Board, you might collect without much trouble.
Friend In Court is offline   Reply With Quote

Did you find this post helpful? Yes | No
Reply

Bookmark & Share

This thread has 2 replies and has been viewed 1087 times

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:


Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Format Your Messages
Add Forum to Google Toolbar
Forum Jump

Similar Threads

Thread Thread Starter Forum Replies Last Post
EMS delivered, signed by you, but you actually havn't signed anything! daGUCCI Doing Business in China 3 Mar 14th, 2011 02:30 AM
The rent check has been submitted on time Unregistered Landlord vs Tenant Issues 1 Feb 14th, 2010 07:07 PM
Contract law offer: How can an offer come to an end? garylawson Civil Litigation 1 Apr 27th, 2008 07:28 PM
Can Employer Rescind Counter-Offer submitted by Legal Counsel in Writing? Unregistered Hiring, Firing, Wrongful Termination 1 Jun 10th, 2007 11:27 AM
Entitled To Refund. No Contract Signed. Unregistered Internet Law 3 Jan 18th, 2007 05:48 PM


Forming an off-shore company? We can assist you in forming your company in 40 countries worldwide.


All times are GMT -5. The time now is 05:27 AM.